Moon or Doom: Where Does XRP Price Go Next?
XRP is currently at a pivotal point, hovering around $3, with traders divided on its future direction. A prediction market suggests a 64% probability that XRP will rise towards $4, while 36% anticipate a drop back to $2. Currently, the Relative Strength Index (RSI) is at 48, indicating a neutral momentum, but the Average Directional Index (ADX) suggests strong upward momentum. The 50-day exponential moving average (EMA) remains above the 200-day EMA, further indicating bullish sentiment. However, whale sales, with $6 billion worth of XRP offloaded since mid-July, threaten bullish momentum. If XRP breaks below $2.80, bearish sentiment could prevail. Conversely, a rise above $3.30 may trigger further buying, possibly leading to new highs. The market conditions show a potential for either a bullish breakout or a bearish correction, creating uncertainty for traders.
Source 🔗