1. Current market environment: XRP recently broke through $2.60 and reached $2.81, a high since 2018, driven by good market sentiment. This is mainly due to Ripple's improvements in blockchain functions (such as lower fees) and a significant increase in network activity.
2. Short-term forecast: Analysts expect XRP prices to rise slightly this week, ranging between $2.58 and $2.61, gradually approaching the psychological level of $2.65. The next few days may be further affected by global macroeconomic data and market sentiment.
3. Key drivers:
• Increased network activity: The number of newly added XRP wallets has reached a record high recently, showing rising investor interest.
• Blockchain upgrade: Improvements to the XRP ledger make it more suitable for large-scale transactions and applications.
• Market trends: Bitcoin's performance and overall cryptocurrency market sentiment will have an indirect impact on XRP trends.
In summary, XRP may continue to maintain a slight upward trend between $2.58 and $2.61 this week, but remember not to chase highs, and don't short if you are bearish. After all, XRP is very popular now. You can try to buy at low support levels, and pay attention to stop loss, take profit, and position management. #xrp $