XRP is scoring strongly, maintaining a stable position around the price range of $2.35 to $3.50 with the potential to conquer the $4 mark becoming increasingly clear.
XRP has broken out of the old price range and is receiving attention both technically and politically. Large cash flow and expectations for ETF approval in 2025 are creating positive momentum for this token.
MAIN CONTENT
XRP breaks out of a long-stable price range, aiming for the $4 mark.
Political and media events contribute to boosting confidence in cryptocurrencies.
Expectations for XRP ETF approval will trigger large capital flows from financial institutions.
Where is XRP on the price chart and what is the current trend?
Cryptocurrency industry experts believe that the price trend of XRP is solid with fluctuations in the range of $2.35 – $3.50, thanks to breaking out of a fixed price range for several months. This indicates that the market momentum supports the next increase.
Currently, the $3.50 threshold is an important resistance level. If XRP can maintain a close above this threshold with high trading volume, the opportunity to conquer the $4 mark is very large. Conversely, a price drop back to around $3.10 is seen as a healthy correction before the next increase.
What reasons are creating new excitement for XRP beyond price movements?
XRP is not only prominent on the charts but also benefits from political and media events. For instance, former U.S. President Donald Trump posted a video explaining Bitcoin, although he did not directly mention XRP, it created a positive ripple effect across the entire cryptocurrency market.
The actions of major political figures indicate that cryptocurrencies are increasingly recognized and may receive support from influential parties.
Nguyen Van An, Cryptocurrency Expert, 2024
These signals reinforce the belief that the cryptocurrency space is entering a phase of widespread acceptance and stability both legally and socially.
How will expectations for XRP ETF approval in 2025 impact the market?
Financial experts emphasize the importance of XRP ETF if approved in 2025, as it will open the door for institutional investors and pension funds to participate vigorously in the XRP market, creating significant liquidity and demand.
ETFs are seen as a major turning point that could drive XRP's price growth sustainably due to long-term cash flow and greater transparency in asset management.
The approval of ETFs easily brings in participation from large investment funds, opening a new era for XRP and the cryptocurrency market in general.
Tran Thi Bich, CEO of a digital asset management company, 2024
How is XRP performing compared to other cryptocurrencies in the market today?
XRP is outperforming many other major tokens by maintaining a stable trend and impressive recovery levels after recent market volatility. According to market data for the first half of 2024, XRP achieved an average price increase rate of 25%, higher than the average increase of 18% for top altcoin tokens.
Cryptocurrency Average Price Increase over 6 months (%) Main Technical Trend XRP 25 Stable with breakout above $3.50 Ethereum 20 Signs of correction after ATH Bitcoin 15 High volatility, unclear trend
Frequently Asked Questions
Can XRP reach $4 in 2024?
Based on technical analyses and current cash flow trends, the possibility of XRP reaching $4 in 2024 is entirely feasible if the $3.50 threshold is maintained with high liquidity.
What impact does the approval of XRP ETF have on individual investors?
ETFs facilitate easier buying and selling and increase transparency, helping individual investors access XRP more safely and conveniently with lower costs.
What is the impact of recent political events on XRP?
Attention from political figures helps enhance the credibility of cryptocurrencies, leading to growth in trust and capital flow into tokens such as XRP.
How to accurately track XRP price movements?
Investors should monitor reputable analytical platforms, market reports, and updates from trusted industry sources to accurately assess trends.
What risks should be considered when investing in XRP?
Like other cryptocurrencies, XRP is influenced by market volatility, legal issues, and investor sentiment, so a reasonable risk management strategy is necessary.
Source: https://tintucbitcoin.com/ripple-tang-gia-sau-tweet-trump/
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