XRP, the cryptocurrency linked to Ripple, is at a critical juncture, with traders estimating nearly a 64% chance it could surge to $4, while the risk of falling to $2 remains significant. Recently, XRP hit a pivotal mark at $3 following a 6.4% drop due to concerns over inflation impacting rate cuts. Traders remain divided, viewing the $3 mark as a critical battleground. The technical indicators reveal a mixed situation: the Relative Strength Index (RSI) is neutral at 48, suggesting a balanced market, while the Average Directional Index (ADX) at 28 indicates a strong prevailing trend. Currently, XRP’s 50-day exponential moving average is above its 200-day counterpart, a bullish sign. However, major whale selling poses risks, with over $6 billion offloaded since mid-July. Despite the bullish sentiment, a breakdown below $2.80 could negate positive momentum. Thus, while technical analysis leans towards the possibility of rising prices, substantial risks still linger, keeping both bullish and bearish scenarios viable.

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