Recent increased interest in XRP has been linked to the potential conclusion of the Ripple vs. SEC case. Investors are optimistic about a sustained price increase.
XRP Price Recovers: Will the Rally Continue?
Today, XRP price has risen over 1% and is trading at $3.12, with trading volume falling around 20% to $6 billion.
The cryptocurrency reached a 24-hour high of $3.16 and a low of $3.01, indicating significant volatility recorded in the broader crypto market. Globally, the crypto market cap has lost nearly 2% in the last 24 hours amid soaring uncertainty. This is further evidenced by Ripple's asset losing around 6% over the last seven days, fluctuating between $3.65 and $2.75 over the last month.
Future of XRP: Predictions to $10
Market pundits, including the renowned analyst Dark Defender, have predicted a significant price surge for XRP up to $10.47 after completing an ABC correction pattern. He pointed out the importance of holding the $3 level, and if that support fails, it's crucial to maintain support at $2.85 or $2.64 to sustain bullish momentum. The next target after breaking $3.33 would be at $4.36.
Short-Term Targets for XRP Price
Experts like Ali Martinez and EGRAG CRYPTO have highlighted short-term targets for XRP price, gaining notable traction among traders. Ali Martinez mentioned that XRP price is poised to hit $3.9 soon, but it needs to break through $3.26 for its rally towards $4. Meanwhile, EGRAG CRYPTO indicated that XRP should soar past the $3.15 mark to maintain its bullish trajectory.
In light of current trends and predictions, it is clear that XRP price remains under the scrutiny of investors and analysts. It's important to monitor key support levels and short-term targets that could influence further price dynamics.
