• 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

US Treasury Confident in Supreme Court's Support for Trump's Tariffs

chest

Scott Bessent, the US Treasury Secretary, expresses confidence that the Supreme Court will uphold Trump's tariffs under the IEEPA, crucial for economic stability.

user avatarLuis Flores

Uniswap Price Shows Gradual Increase Amid Steady Activity

chest

Uniswap's price has seen a modest rise due to consistent trading activity on its platform, increasing by approximately 15% this week.

user avatarArif Mukhtar

Base Dominates Ethereum L2 Fee Revenue with Significant Lead

chest

Base extends its lead in Ethereum Layer 2 fee revenue, earning approximately 147,000 in fees, significantly surpassing Arbitrum and Starknet.

user avatarLucas Weissmann

Monero Releases Software Update to Enhance Functionality

chest

On January 11, 2023, the Monero development team released a new version of the Monero software, v0.18.4.5 Fluorine Fermi, addressing several issues and enhancing functionality and security.

user avatarMaria Gutierrez

Digital Asset Market Projected to Reach $10 Trillion

chest

Dan Tapiero projects that the digital asset market will reach $10 trillion during the current expansion phase.

user avatarDavid Robinson

Dan Tapiero Predicts Bitcoin to Reach $180,000

chest

Veteran macro and crypto investor Dan Tapiero predicts that Bitcoin's current cycle is far from over, targeting a price of $180,000.

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.