Moon or Doom: Where Does XRP Price Go Next?
XRP is currently at a key price point, around $3, facing uncertainty about its next move—whether to rise towards $4 or fall back to $2. Traders show a slight bullish sentiment, with a 63.7% chance of hitting the $4 mark. Although XRP has dipped by 6.4% in response to recent economic data, there are indicators that suggest potential for recovery. The Relative Strength Index (RSI) at 48 indicates a decision zone with no clear direction, but the Average Directional Index (ADX) at 28 shows a strengthening trend that could favor an upward movement. The 50-day exponential moving average being above the 200-day EMA suggests continued buying interest. However, significant whale sales pose risks, and if support at $2.80 breaks, the bearish scenario remains plausible. The recent conclusion of the Ripple-SEC legal battle and potential XRP ETF approval further complicate predictions, setting the stage for a crucial decision point in the near future.
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