XRP‘s recent bullish momentum has stalled, with the token now entering a consolidation phase.
Despite showing signs of potential growth, it has yet to gain the fundamental push needed for a sustained rally. Analysts, however, believe that breaking key resistance levels could pave the way for significant price milestones, with targets as high as $10 being discussed.
After dipping to $2.74 during a market slump, XRP rebounded to $3.10, driven by a 6% surge and increased investor interest. Analysts suggest that breaking through the $4.6-$5 resistance zone could set the stage for further growth.
This range is seen as both a critical hurdle and a potential profit-taking area for traders. With favorable market conditions, some experts believe XRP could reach $8 and possibly $10 over time.
While bullish scenarios are possible, XRP faces potential pullbacks. Analysts highlight $3.37 as a critical level, where liquidations of $340 million in short positions across major exchanges could temporarily disrupt upward momentum. However, such events might also generate buying pressure, offering a springboard for further growth.
XRP’s journey toward higher price targets depends on breaking resistance zones and maintaining market confidence. For now, $4.6 remains the next major milestone, while $3.37 serves as a key level to monitor in the short term.
XRP has caught the attention of investors lately, thanks to a strong price jump over the past seven days. Now trading near $2.28, the asset’s growth comes alongside a broader market rebound that’s reigniting optimism across the crypto space. A major factor behind XRP’s recent strength appears to be a surge in new wallet creations. […]
XRP is currently navigating a pivotal moment, according to a new report from crypto analytics firm MakroVision. While the broader downward trajectory hasn’t reversed, the asset appears to be entering a phase of consolidation. Analysts at MakroVision highlight that XRP is struggling to decisively move beyond a key resistance zone between $2.19 and $2.30. This […]
XRP, one of the top altcoins by market cap, held steady around $2.35 on March 27, despite mounting selling pressure. Traders have poured nearly $400 million into short positions over the past month, creating a barrier that has kept the price from breaking higher. With April approaching, the question is whether XRP can overcome this […]
Analysts are making bold predictions about XRP’s future, with XRP Captain suggesting it could hit triple digits this cycle, though he provided no clear timeline or catalyst. Egrag Crypto expects XRP to reach double digits now and triple digits in the next cycle, while Dark Defender sees a potential surge to $333 if history repeats. […]