XRP rebounds to $2.45: Experts claim it will never drop below $2 again

XRP price surged 9%, rebounding from a panic drop to $2.13 back to $2.45.

Strong market indicators like RSI and MACD show potential for further increases.

South Korea's shocking emergency measures plunged the cryptocurrency market into chaos, with XRP crashing from $2.60 to $2.13 in a massive sell-off. But the panic didn't last long! Meanwhile, XRP's price has rebounded, rising nearly 9% in the past 24 hours. At the same time, some experts boldly claim that XRP will never drop below $2 again. This is why they are so confident!

Why XRP price continues to rise

XRP is the cryptocurrency associated with Ripple Labs, riding the wave of optimism in the cryptocurrency market. As Bitcoin's rise drives the development of altcoins, XRP's momentum is also gaining strength. Experts believe it may soon reach a new all-time high (ATH), and on-chain data indicates further increases.

A key factor is the Mean Dollar Invested Age (MDIA), which measures the time tokens have remained inactive on the blockchain. A high MDIA typically indicates market stagnation.

However, for XRP, the MDIA has recently declined, showing that long-term held tokens are now actively trading. This increase in activity is a positive signal as it brings more liquidity to the market and supports higher prices.

Another important metric is the buy-to-sell ratio, which tracks the number of buy orders compared to the total trading volume in the derivatives market. XRP's ratio currently stands at 0.55, indicating strong buying interest. CryptoQuant data highlights this as a bullish signal, with buyers in control of the market.

Bulls take the lead

XRP's current trading price is around $2.45, with a market cap of $139.3 billion. Its 10-day simple moving average of $2.42 and 100-day simple moving average of $2.37 further confirm the upward trend.

If this buying pressure continues, XRP could rise to $3.50 in the short term. However, if the recent surge in token trading volume slows down, the price may drop to $2.13. Currently, the bulls seem to have a firm grip on the situation, and XRP's future looks brighter than ever.