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## Price Increase Targets for XRP in the Cryptocurrency Market
Analyst Javon Marks predicts that XRP will maintain its upward momentum after breaking through clear resistance levels, preparing for a booming growth cycle. His price targets are $4.80 and $8.00 respectively. This reflects the likelihood that XRP will reach even higher levels in a strong recovery trend.
Meanwhile, trader CW notes that XRP is facing a massive sell wall, and if successfully broken, the next target will be $2.60. On-chain activities and transactions are also rapidly increasing. According to analysis by Ali Martinez, the number of active XRP addresses weekly reached 1.12 million, indicating increasing network strength.
## XRP Strongly Increases Whale Investment Activity
According to data from Santiment, on average, about 295,000 XRP addresses have been active over the past week, far exceeding the average of 35,000 to 40,000. Notably, more than 2,700 whale wallets and large investors are holding at least 1 million XRP, demonstrating growing confidence among major investors in the cryptocurrency market.
XRP has finally begun to show signs of positive recovery after breaking through key resistance levels. This market also remains above important moving averages, indicating the potential for long-term growth momentum.
## Can XRP Price Go Parabolic?
Analyst Egrag Crypto dismisses the hypothesis that the peak cycle of XRP is only at $3.40. He predicts that the actual peak could be much higher, ranging from $10 to $27. A major correction will only occur after XRP reaches higher price levels.
XRP is on a strong recovery path, but has not clearly confirmed a breakout. If it successfully surpasses both the descending resistance level and key horizontal resistance levels, XRP could move towards the historical peak of $3.40.
In recent days, XRP has continuously fluctuated between $2 and $2.65. Buying pressure is widespread around the $2 level, while selling pressure is increasing around $2.65. If investors maintain XRP above moving averages, the potential to move towards $2.65 is very clear. Conversely, if XRP drops below $2, the trend could turn negative, pulling the price down to $1.61.
Source: https://tintucbitcoin.com/trien-vong-tang-truong-cua-bitcoin-trong-tuong-lai/
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