Weekly
Current Price and Currency Performance
The Ripple (XRP) currency is currently trading at $2.69, registering an increase of 4.67% over the last 24 hours. Its total market capitalization is $155.55 billion, while the daily trading volume is approximately $5.37 billion. XRP has experienced notable price fluctuations over the past few days due to market movements and increased interest in it.
Technical Analysis and Daily Forecast
Technical indicators show that XRP faces a strong resistance level at $2.80, and if it breaks through, it could reach $2.86 during the day. The main support is at $2.55, which means that breaking this level could drive the price down toward $2.45.
Weekly Forecast
According to technical analyses, XRP may see an increase to $2.86 during this week, with the possibility of reaching $3.00 if the positive momentum continues. Conversely, in the event of a downward correction, it may decrease to $2.50 before rising again. Some analysts expect it to reach $4.20 by the end of the month if positive factors persist.
Factors Influencing the Price
The movement of XRP depends on the legal developments of Ripple Labs, as well as the performance of the cryptocurrency market as a whole. Additionally, increased institutional adoption may drive the price to higher levels.
