Ripple (XRP) is one of the leading cryptocurrencies today. XRP has overcome numerous legal and regulatory challenges to become a market leader, showing no signs of slowing down. From establishing global partnerships to merging future elements with traditional banking, XRP is working tirelessly to solidify its influence in the field. This dedication and energy often yield returns in the long run. With these promising developments, XRP is expected to see a breakthrough price rebound and is likely to surpass $10 in the process. Here are the steps XRP holders need to take shortly after hitting $10.
XRP Rises to $10 and Looking Ahead: 3 Things Investors Must Do
1. Invest Wisely Again
According to Egrag Crypto, XRP is currently targeting key price highs, while Ripple continues to take bold strategies to achieve higher price targets. From applying for banking licenses to streamlining the use of RLUSD, the emergence of Ripple is destined to lead to significant market changes. This expert shares that XRP is currently aiming for a key price level above $10, and even targeting $20 or $30 in the near future.
"The most critical step is to break through the 1.414 Fibonacci retracement level, which has been a major resistance since December 2024. It is now clear that an upward breakout is occurring! 💥📈 Let's envision a trading scenario where if #XRP shows up in July and encounters the following Fibonacci retracement levels: Fibonacci 1.618 is at $6.50. Fibonacci 1.888 is at $2. Fibonacci 2.0 is at $35."
Once this happens, investors must ensure they recover profits and reinvest them in a different combination of tokens to achieve a more balanced profit and return. Investors must also consider whether to invest in XRP for the long term to achieve higher profits and returns.
2. Set Sales Targets
Timing is crucial when trading any cryptocurrency. By setting sell target prices, investors can always stay ahead and immediately maximize investment returns when XRP reaches specific high target prices.
3. Diversify Your Portfolio
Once XRP reaches a significantly high point, one key action investors can take is to invest profits into a well-researched and diversified range of cryptocurrencies outside of XRP. This will help investors gain substantial profits across different currencies while enjoying varying rates of return.
