The XRP continues to increase investor interest despite fluctuations in the crypto money market. Technical indicators, the accumulation of large investors and the increase in the number of active addresses are among the important factors that support the rise potential of XRP. Analysts suggest that XRP can reach higher prices if it exceeds certain resistance levels. Increasing the interest of corporate investors and the use of XRP in new financial products attract expectations even more.
Technical Indicators and Investor Movements
The increase in the number of XRP’s daily active addresses shows that the interest of investors is increasingly intensified. In the past, similar situations pointed out the beginning of the rise trends. The savings of large investors have also reached remarkable levels.
In particular, the MVRV ratio of XRP approaches zero, indicating that sales pressure is reduced. This reveals that investors prefer to keep the assets in their hands instead of selling and the price can move upward. Technical analysis shows that the XRP has a strong support at $ 2.30. If this level is preserved, a new wave of ascension can be triggered.
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Resistance levels and possible price targets
The current price of XRP is around $ 2.49. Technical analyzes show that XRP can reach $ 5 if it exceeds the resistance zone between $ 2.60 – $ 2.75. Analysts say that there may be greater price movements if permanence is provided above this level.
The fact that major investors tend to hold the XRP and the increase in institutional investments reinforces the expectation of rise. Finally, the approval of the XRP ETF in Brazil is seen as an important development that will contribute to the adoption of XRP in the financial world.
Market conditions, regulatory uncertainties and global economic factors continue to be decisive in the price movements of XRP. However, technical data indicate a strong rise trend for XRP.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
