If interest rates are lowered! What is the best buying area for XRP? Follow me 😉
XRP is currently trading at an average of $2.94, with trading ranging between $2.90 and $3.00 as a key technical support level. If this support is broken, the price is likely to reach:
$2.65 according to Mitrade
$2.60 or lower to $2.47 (61.8% Fibonacci line according to Barchart
$2.00 and lower according to MyCryptoParadise analysis if the key support is broken and the market enters a strong selling phase.
The question now is: What is the best "safe and secure" buying area before a potential momentum?
The initial area: between $2.65 and $2.80, where there is strong technical support, a Fibonacci level, and whale accumulation behavior.
The most likely area for greater risk: $2.45–$2.60, if the expected deep decline is broken and historical and technical support is established.
Possible bullish scenario after the September interest rate cut:
According to Gemini's forecast, if XRP breaks the resistance zone between $3.40–$3.65, it could head towards $5.00 by the end of 2025, and possibly even $11.50 in the event of a strong bullish explosion.
Mitrade's analysis confirms that the $5 target remains realistic as long as the decline remains corrective and not a reversal.
And what do you think, dear reader?
Your opinion is very important ❤️