XRP has experienced notable volatility this week, with price movements influenced by technical and macroeconomic factors. Despite a recent correction, analysts maintain an optimistic outlook for the medium term.
📈 Recent Performance
Current price: $2.14
Intraday high: $2.19
Intraday low: $2.11
Daily change: -1.83%
The price of XRP has shown a slight decrease in the last 24 hours, reflecting a correction after a period of significant gains.
🔍 Technical Analysis
Bull Flag Formation: Charts indicate a possible formation of a 'bull flag,' which, if confirmed, could drive the price towards $4.17, representing a 70% increase from current levels.
Elliott Wave Analysis: According to analyst EGRAG CRYPTO, XRP is in the fourth corrective wave, and the fifth wave is expected to drive the price up to $15 by May 2025.
Open Interest: There has been a significant increase in XRP's open interest, suggesting renewed activity from institutional investors.
🌐 Macroeconomic Factors
Trump Administration Tariffs: The implementation of new tariffs has raised concerns in the markets, contributing to the recent 12% drop in the price of XRP.
Federal Reserve Monetary Policy: Expectations regarding interest rates have influenced market sentiment, affecting cryptocurrencies in general.
📊 Projections for the Second Half of 2025
Bullish Scenario: If XRP surpasses resistance at $3.05 and current technical formations are confirmed, it could reach $15 by May 2025.
Conservative Scenario: If macroeconomic and regulatory concerns persist, XRP could remain in a range between $2.50 and $3.50
Conclusion:
XRP is at a critical point, with technical indicators suggesting a possible significant bullish movement. However, investors should be aware of macroeconomic and regulatory factors that could influence its trajectory.