• 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

Government Pressure Drives Majority of Debanking Cases in the US

chest

A report from the Cato Institute reveals that most debanking cases in the US are influenced by government actions rather than individual bank policies.

user avatarKaterina Papadopoulou

Korbit Faces 273 Billion Won Fine for AML Violations

chest

Korbit, a leading South Korean cryptocurrency exchange, has been fined 273 billion won for failing to comply with Anti-Money Laundering regulations.

user avatarMaya Lundqvist

Emergence of Remittix as a Key Player in Crypto Payments

chest

Emergence of Remittix as a Key Player in Crypto Payments

user avatarLeo van der Veen

US Treasury Unveils $200 Billion MBS Support Plan

chest

The US Treasury has announced a new mortgage-backed securities purchase program to stabilize mortgage rates and improve housing affordability.

user avatarLi Weicheng

Ethereum Forms Symmetrical Triangle as Market Sentiment Remains Cautious

chest

A symmetrical triangle is forming in Ethereum's price action, indicating potential volatility as buyers and sellers are in a standoff.

user avatarAisha Farooq

Blockchain Technology Revolutionizes Medical Data Exchange

chest

Blockchain technology improves medical data exchange by addressing privacy concerns and data silos through decentralization and transparency.

user avatarMaria Fernandez

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.