• 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

CryptoQuant Details Methodology for Tracking Institutional Bitcoin Accumulation

chest

CryptoQuant's CEO Ju Kiyoung explains the methodology used to track institutional Bitcoin accumulation, focusing on US custody wallets.

user avatarJacob Williams

Hyperliquid Faces Selling Pressure Despite Whale Activity

chest

Hyperliquid is experiencing selling pressure despite significant whale activity, with a recent 648K HYPE withdrawal failing to change market direction.

user avatarZainab Kamara

Ozak AI Presale Phase Attracts Interest with Utility Narrative

chest

Ozak AI is marketed as a presale AI token with a clear pricing strategy and significant funds raised. Currently in Phase 7, it has a token price of 0.0014 and has raised over 57M, indicating consistent buying interest.

user avatarAyman Ben Youssef

BlockDAG Leads Crypto Presales with Aggressive Pricing and Timeline

chest

BlockDAG is gaining attention in the crypto presale market due to its low entry price and imminent deadline.

user avatarSon Min-ho

Hindustan Zinc Reports Significant Profit Increase

chest

Hindustan Zinc has reported a 462% profit jump in Q3, driven by increased silver prices.

user avatarTando Nkube

Nifty Metal Index Rallies Amid Silver Demand

chest

The Nifty Metal Index has seen a remarkable rally, marking its best opening quarter since 2018, fueled by the surge in silver prices and demand.

user avatarKofi Adjeman

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.