As we reported at Kriptokoin.com , XRP, one of the shining stars of the crypto world, has been drawing attention with its impressive performance in the last month. Rising to the top of the list of leading crypto assets after its poor performance at the beginning of November, XRP continues to offer new opportunities for investors.
Technical Analysis and Critical Levels
Analyst EGRAG says that XRP will continue to rise. According to him, the $2.00 level is ideal for aggressive purchases in market uncertainty. If XRP declines further, the $1.60-$1.70 range will provide a suitable opportunity for strategic purchases. Even a drop to $1.20 is an attractive point for reinvestment. EGRAG predicts that if XRP breaks the $3.50-$3.80 range, it could see targets of $6 to $8. He also said that the current market cycle will peak in March 2025. He even predicts that this could extend until the end of the year.
EGRAG’s technical analysis examines XRP’s Relative Strength Index (RSI) from 2014 to 2026. Historical data suggests that a similar jump could occur in 2025, with sharp peaks seen in 2017, 2019, and 2021. This also points to a possible price correction that investors should pay attention to. RSI analyses show that the past is an important guide in understanding future market behavior. RSI, especially the rising RSI towards 2025, provides clues about the direction of the market.
Market Performance and Distribution of XRP
As of now, XRP is trading at $2.43. It has also gained 4.35 percent in the last 24 hours. XRP ranks third in terms of market cap with $138.75 billion. This digital asset, affiliated with Ripple, has a wide distribution of tokens. Approximately 57 billion XRP of the current supply is in circulation. 38.04 billion Ripple is held in Ripple’s escrow accounts.
This is released regularly to manage supply and control liquidity, but the fact that a significant portion of XRP is controlled by a select group has drawn criticism of centralization.
Future Goals and Expectations
Analyst Cryptoinsightuk predicts that XRP could break past the $5.26 target. Breaking through the resistance at Fibonacci retracement levels, Ripple had previously surged 340 percent in a similar situation. If history repeats itself, it is possible that XRP could reach new highs at the same pace.
Additionally, the positive sentiment in the market is being boosted by the appointment of a pro-crypto official to replace SEC Chairman Gary Gensler. This suggests that XRP could continue its long-term rally. With its strong fundamentals and market momentum, Ripple is sure to continue to present exciting opportunities for investors in the coming period.
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