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Ripple (XRP) Analysis, Daily Targets and Weekly Forecast
Current Price and Performance
Ripple (XRP) is currently trading at $2.69, up 4.67% in the last 24 hours. Its total market cap is $155.55 billion, while its daily trading volume is around $5.37 billion. XRP has seen significant price fluctuations over the past few days due to market movements and increased interest in it.
Technical Analysis and Daily Forecast
Technical indicators show that XRP is facing a strong resistance level at $2.80, and if it is broken, it could reach $2.86 during the day. The main support is at $2.55, which means that breaking this level could push the price down towards $2.45.
Weekly Forecast
According to technical analysis, XRP could see a rise to $2.86 during the current week, with the possibility of reaching $3.00 if the positive momentum continues. Conversely, in case of a downward correction, it could drop to $2.50 before resuming the rise. Some analysts expect it to reach $4.20 by the end of the month if the positive factors continue.
Factors affecting the price
XRP’s movement depends on Ripple Labs’ legal developments, as well as the performance of the cryptocurrency market as a whole. Increased institutional adoption could also push the price to higher levels.
