Moon or Doom: Where Does XRP Price Go Next?
XRP finds itself at a pivotal moment, closing in on a crucial $3.00 mark that traders view as a battleground for its future direction. Recent market sentiment is slightly bullish, with 64% of traders believing the token will ascend to $4 rather than descend to $2. A drop of 6.4% was noted recently, but overall, technical indicators like the Average Directional Index and Exponential Moving Average suggest ongoing strong upward momentum. The Relative Strength Index is neutral, while whale movements show a significant sell-off. Despite these sales, the end of Ripple's legal issues and a positive outlook for Spot XRP ETFs could provide catalysts for growth. If XRP's price corrects below $2.80, this may trigger a bearish outlook. However, current support at $3.30 could lead to a bullish run towards $4 if sustained. The article emphasizes that market psychology and technical charts indicate a cautious yet optimistic outlook for XRP moving forward.
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