XRP's recent price increase has sparked debate about whether the uptrend has ended or just begun. After setting a new historical peak in July, XRP experienced a slight correction but remains close to its peak of $3.66. Despite historical data suggesting XRP often struggles in August, positive market signals indicate this year might be different
Key Factors to Watch:
- Investor Sentiment:Recent market developments show a strong shift in investor sentiment towards XRP, with over 946 million XRP sold on exchanges in the past two and a half weeks, followed by a rapid reinvestment of over 400 million XRP worth more than $1.2 billion.
- Technical Indicators: XRP's NVT ratio is at its lowest level in 5 months, indicating the network value hasn't far exceeded actual trading activity, setting the stage for potential sustainable growth.
- Support Zone: XRP's current price of $2.95 is slightly below the important support zone at $3. If XRP can hold the support zone above $3.41, it may challenge the ATH mark once again.
Price Predictions:
- Short-term:XRP is predicted to trade within a price range of $2.95 and $2.90 this week, with a potential decrease of -1.58%.
- Medium-term:Crypto experts predict XRP could reach $3.51 in 2025, with a potential ROI of 15.47% by October 2025.
- Long-term: XRP is expected to experience significant growth, potentially reaching $9.41 by 2030, representing a 212.31% gain from today's value
Risk Scenarios:
- If XRP fails to regain the $3 support zone, the price may slide back to $2.65, increasing selling pressure and potentially invalidating the short-term bullish thesis.
Overall, XRP's future looks promising, driven by strong buying power, positive technical signals, and a solid development direction.
