Moon or Doom: Where Does XRP Price Go Next?
XRP is currently experiencing a pivotal moment in its price trajectory, trading around the crucial $3 mark. Traders are divided, with a 63.7% probability that XRP will climb to $4, while 36.3% foresee a drop to below $2. Recent bullish sentiment persists despite a 6.4% drop after inflation data shifted market expectations. The Relative Strength Index (RSI) is at 48, indicating equilibrium, while the Average Directional Index (ADX) sits at 28, signaling a strong upward trend. Although whale inflows to exchanges have increased, reflecting potential selling pressure, the end of the SEC-Ripple legal battle and a favorable outlook for an XRP ETF bolster bullish sentiment. Should XRP break above $3.30, momentum could lead it to test $4. However, a drop below $2.80 could negate this bullish outlook, demonstrating the precarious balance of XRP's future direction.
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