📰Current price and short-term movements👀$XRP :
• Current price: around 2.86 USD, a slight decrease from the previous session.
• Today's price ranges between 2.84 USD and 2.95 USD.
🤔XRP price predictions until tomorrow📝$XRP :-
• Traders Union predicts a slight increase in XRP price by approximately +1.2% over the next 24–48 hours, reaching around 2.89 USD.
• CoinLore predicts the price range over the next 24 hours to be between 2.80–2.83 USD, with an average expected to reach 2.82 USD tomorrow.
• CoinCodex predicts the price will remain approximately stable at 2.88 USD tomorrow, with no significant change (0.00%).
• Binance prediction tool indicates a potential slight increase of ~5% over the week, but the expected price for tomorrow is 2.8596 USD.
🗃️Summary:
Expectations range from slight stability (around 2.88 USD) to a slight increase towards 2.89 USD or a slight decrease to 2.82 USD. Overall, it seems the price will not move much in the coming hours or even tomorrow.
📕Technical indicators and market risks:
• Cointelegraph highlights a descending triangle, raising the likelihood of a drop of up to -18%, to a price of 2.40 USD, if the current support area is broken.
• TradingNews.com indicates selling activity from 'whales': about 460 million XRP were sold over the past week, putting pressure on the price and breaking the important support level between 2.80–2.85 USD; if this range is broken, the price may see an additional decline towards 2.74–2.63 USD.
📈General context – News affecting XRP📉:
• Today, XRP price rose by about +1% amidst anticipation of the upcoming speech from the Federal Reserve Chair at the Jackson Hole Symposium, which may impact the overall cryptocurrency market with decisions regarding interest rates.
• Hopes for regulatory support have risen: legislative developments such as the Clarity Act could grant XRP a more stable status as a recognized asset, enhancing trust in it.
• Other analyses suggest a strong recovery may occur in the future, based on technical patterns (fractal chart patterns) supporting higher price targets reaching 4.35–4.85 USD, despite a current short-term decline.
• Additionally, it is expected that the repercussions of delays in approving ETFs related to XRP will be less impactful than previously anticipated.
• Meanwhile, investor returns (profit-taking) remain high, which may increase the risks of selling pressure in the short term.
📜Overall expectation: today to tomorrow:-
1- Likely trend, relative stability or slight increase: the price stays within the range of 2.82–2.89 USD.
2- Bearish scenario, breaking support (2.80) leads to a decline to 2.74–2.63 USD.
3- Positive scenario (mid-to-long term), if technical expectations and market liquidity support it, the price may push towards levels of 4.35–4.85 USD.
Recommendation🫂:
• If you are a short-term investor or trader (daily), the direction may be to wait and watch: expectations indicate stability or only slight increases.
• From a technical analysis perspective, attention should be paid to critical support levels (2.80–2.85 USD) that may determine the direction tomorrow.
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