Ripple’s XRP coin didn’t evade the crypto bears, taking a big bite of most large-cap crypto currencies market values in the past two weeks. Just 17 days into the freshly-claimed all-time pinnacle of $3.65, XRP’s price slumped all the way to $2.77 during Bitcoin’s (BTC) retreat to $111K.
How XRP’s Price Can Find Fortune Above $5
Fortunately, Monday has offered Ripple coin (XRP) a fresh start on the markets with a 5.5% uptick to $3.07 despite the global tariff uncertainty still prevalent. Switching from neutral back to greed, today’s crypto market sentiment adds to the favorable technical setup, Rhythmic Analyst notes.
The 1-day candle based technical XRP price analysis here offers a $5 target as the ultimate goal, as long as the popular remittance altcoin doesn’t fall off the long-term key support box between $1.98 to $2.60, according to Mehir’s analysis. The current upswing above $3 coincides with renewed interest in XRP on Derivatives, as Open Interest (OI) spiked 4% to $7.5 billion.
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For Ripple (XRP) to orchestrate a continuous rally, Spot trading volumes would also have to pick up pace. Right now, XRP Ledger garners twice as less in 24-hour trading volumes than two weeks ago, ranging between $5 billion & $6 billion, in comparison to $10-12 billion in mid July.
Presently hovering at $3.05, Ripple (XRP) coin has a chance at further upward movement in case of a daily closure above $3.10. Big crypto investors, otherwise known as whales, are keeping XRP’s current momentum alive with 0.15 on the Chaikin Money Flow (CMF) scales, portrayed in the price graphic above.
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Ripple’s legal wins and investor enthusiasm drive the rally. Whale activity and payment adoption fuel optimism.
A $5 target is possible with sustained momentum and key resistance breaks. Regulatory risks or market dips could stall it.
XRP’s surge suggests decoupling, tied to Ripple’s unique use case. Some see it as a fleeting spike, not a trend.
It could fade if selling spikes, given past volatility. Strong buying and community hype argue for a lasting rally.
Fans on X praise Ripple’s partnerships and clarity; skeptics doubt $5, citing risks. Check DailyCoin for the latest XRP updates.
