The XRP market experienced a turbulent trading week, culminating in a net loss of 7.22%. Despite some stability, indications of price recovery remain absent. Analysts, including More Crypto Online, highlight important price levels for XRP. The altcoin is above $2.47, keeping a bullish scenario feasible, but a drop below could trigger bearish trends.
XRP bulls must breach the $2.75 resistance zone to confirm a bullish breakout, potentially leading to prices above $3.30. Analyst Egrag Crypto suggests a monthly close above $3.00 is crucial for sustained uptrend, possibly reaching a new all-time high near $6.00.
Currently trading at $2.56, XRP's monthly losses have risen to 16.18%. However, the altcoin remains popular due to factors like the XRP Spot ETF and investor confidence in the US pro-crypto policy shift, including the SEC's lawsuit withdrawal against Coinbase.
Fonte: www.newsbtc.com ↗