• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Analysis: On Path to Breakout or Potential Pullback

user avatar

by A1

7 hours ago


XRP is experiencing significant changes despite the market sell-off. The altcoin retains most of its 300% gains accumulated in late 2024 and is in a potential breakout zone.

XRP Price Dynamics

XRP remains at the forefront, holding positions above $2.30, indicating the bulls' control over the market. Leading trader Valeriya noted that these levels indicate the intentions of major players. If a bounce occurs, the price could reach $2.91, where seller liquidity is concentrated.

If the support zone resists, aggressive growth is expected with the nearest target of $2.91, where the liquidity of sellers is concentrated.Valeriya

Trader Optimism

Positive sentiment among traders is growing regarding XRP. This is influenced by recent events, such as the likelihood of a soon spot ETF approval for XRP. Ripple representatives also give reasons for optimism, foreshadowing a potential rise in asset value.

Technical Prospects

From a technical perspective, XRP has maintained positions above the 200-day EMA level and is targeting a breakout. If it successfully exits the descending trend line, growth to $2.90 and beyond is possible. However, confirmation of a daily breakout above the resistance levels of $2.50 and $2.60 remains crucial.

XRP demonstrates potential for further growth despite current market challenges. However, key factors will remain the decisions of major market participants and overall investor sentiment.

0

Share

Other news

Binance Solidifies Its Presence in Brazil with Broker-Dealer License Acquisition

Binance, the largest crypto exchange by trading volume, has secured a broker-dealer license in Brazil, strengthening its global presence.

user avatarA1

a minute ago

Binance Labs Rebranding: Plans for 2025

Binance Labs aims for major rebranding in 2025 with a focus on AI and biotech, while staying committed to cryptocurrency and blockchain.

user avatarA1

2 minutes ago

Strive Set to Launch Bitcoin Bond ETF

Strive Asset Management files for Bitcoin Bond ETF focused on investing in Bitcoin-related bonds.

user avatarA1

3 minutes ago

Canadian Sol Strategies Invests in Solana, Secures $25 Million Credit

Sol Strategies has acquired a $25 million credit line to expand investments in Solana.

user avatarA1

3 minutes ago

Do Kwon Extradited to the US: Key Aspects and Future Prospects

Do Kwon has been extradited to the US after a prolonged legal battle involving South Korea and the Terraform Labs crypto collapse.

user avatarA1

3 minutes ago

Gelephu in Bhutan Chooses Cryptocurrency for Reserves

Gelephu in Bhutan plans to include Bitcoin and Ethereum in its strategic reserves, supporting economic growth.

user avatarA1

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.