{
}
XRP has emerged as a safe haven in the volatile crypto market, outperforming major assets like Ethereum, Dogecoin, and Solana over the past week. While Ethereum dropped 10.3% and Dogecoin fell 10.8%, XRP gained 8.7%, marking significant gains against these tokens. Analysts highlight XRP's resilience, noting it reached 1,400-day highs against both Ethereum and Solana, solidifying its position amid market turbulence.
XRP is showing potential for significant gains, with a market cap of $500 billion possible within six weeks if it breaks above key resistance levels. Veteran trader Peter Brandt highlights a half-mast flag pattern that could lead to a price target of $6.40, while other analysts suggest immediate targets of $3.74 and long-term potential up to $15. However, XRP must secure a daily close above $2.45 to initiate this bullish momentum.
XRP has been consolidating between $2.40 and $2.13 after retesting its support at $2. Analysts indicate that reclaiming $2.30 is crucial for a bullish outlook, as a buy wall exists between $2.20 and $2.23. However, a significant drop in open interest in the futures market suggests potential volatility ahead.
Dominic Fike
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
XRP emerges as a safe haven amid market turbulence against major cryptocurrencies
09:14 14.01.2025
XRP poised for potential breakout with market cap target of 500 billion
12:16 07.01.2025
XRP price struggles to reclaim two thirty amid market volatility
21:10 26.12.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People: