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

XRP Price Dynamics Analysis: Correction and Reversal Signals

user avatar

by Giorgi Kostiuk

a year ago


XRP has shown remarkable growth, trading at $2.49 with a 6% increase in the past 24 hours. Despite a short-term correction, the price trend remains upward.

Current XRP Dynamics

XRP has reached a five-day high of $2.53, with trading volume up by 12%. In 2024, the cryptocurrency has seen a 255% monthly gain. However, it remains 34% below its all-time high, with key resistance at the $3.23–$3.30 range.

Technical Analysis of XRP

Technical indicators for XRP suggest critical support between $1.50 and $1.79. Maintaining above this range could foster further growth, while dropping below $1.50 signals risk and potential further correction. Bullish chart formations and the TD Sequential indicator suggest possible correction before reaching new highs.

Network Activity and Prospects

XRP's network activity is increasing, and on-chain data shows a downtrend in the Mean Dollar Invested Age, indicating dormant wallets becoming active again. This could further fuel a bullish trend in the future.

The increasing network activity and support from market whales signal potential for XRP's upward trend continuation, with analysts suggesting possible higher price levels in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

KuCoin Brand Film Wins Multiple Awards at 2025 Vega Awards

chest

The KuCoin Brand Film, produced by Casual Films and featuring Adam Scott, has won multiple awards at the 2025 Vega Digital Awards, highlighting its originality and cinematic execution.

user avatarMiguel Rodriguez

Bearish Sentiment Grows Among BTC Perpetual Futures Traders

chest

A significant shift towards short positions is observed among BTC perpetual futures traders across major exchanges, indicating a cautious outlook and preparation for potential market volatility.

user avatarLuis Flores

Ethereum Foundation Signals Shift in Priorities

chest

The Ethereum Foundation is emphasizing faster iterations and performance improvements to address competition from other networks.

user avatarArif Mukhtar

Ethereum's Dominance in DeFi Faces New Challenges

chest

Ethereum remains a key player in DeFi, but user activity is shifting to faster networks like Solana and TRON.

user avatarMaria Gutierrez

Strategy Establishes US Dollar Reserve Amid Market Volatility

chest

Strategy has created a $144 billion US dollar reserve to navigate market volatility and cover future dividend obligations.

user avatarDavid Robinson

Texas Emerges as a Leading Cryptocurrency Hub with New Legislation

chest

Texas has emerged as a significant cryptocurrency hub, with supportive legislation and a growing number of cryptocurrency businesses.

user avatarAndrew Smith

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.