XRP is showing noticeable price changes, prompting interest from analysts and investors. We focus on current trends and future forecasts.
Current Price Dynamics of XRP
On August 19, XRP traded at $3.01, rising by 1.31% in the last 24 hours but down 3.93% over the week. Analyst EGRAG stated that a monthly close above $3.30 would serve as a crucial indicator for further growth.
Analysis of Future Price Cycles
EGRAG applied linear regression analysis to a two-week chart to identify potential outcomes by December 2025. In his analysis, he noted that XRP may repeat its previous strategy, showing two significant rallies in each cycle. In 2017, the token reached a high of $0.39 in May and then surged to $3.30.
Retail Investor Accumulation
Data from Glassnode indicates that the number of short-term XRP wallets has surged in the past two weeks. The proportion of wallets containing Ripple token in the one- to three-month range increased to 9.3% compared to the previous 5.8%. This suggests that retail investors are actively accumulating tokens during market corrections.
Overall, the current trends for XRP and the accumulation data from retail investors indicate heightened interest in the token and potential growth in the future.
