Ripple recently won his legal file against the dry, bringing the confidence of investors and removing concerns around XRP. Now that legal problems are away, there is an increasing excitement about a potential ETF XRP. Ripple also strives to extend its global payment network, aimed at managing a share of SWIFT money transfers.
In addition, the offer of XRP is released in a controlled manner through monthly unlocking, which helps to avoid sudden price reductions. While the interest in useful crypto projects increases, XRP draws more attention. The emphasis on Ripple on the use of the real world and solid partnerships with banks could increase the demand for token. These positive developments help XRP to gain strength on the market and could push the higher XRP price.
Is $ 5 a realistic objective for the XRP price in the coming months?
Reaching $ 5 may seem ambitious, but current developments in the market and ecosystems make it more realistic than before. XRP recently exploded with a multi -year consolidation scheme, a decision which often leads to rapid price acceleration, especially during wider cryptographic bull races. On the other hand, the Bulls seem very optimistic about the next price movement, which is reflected in the XRP price rally, gradually approaching the level of key resistance.
The XRP price is currently testing one of the crucial levels, which is located at the resistance of the widening corner fall. These models are generally optimistic, because an escape leads to a sustained recovery, breaking all barriers. Currently, the bulls seem to have weakened after testing the resistance, which indicates that a short -term decline could be in the cards, potentially reducing the sales volume. With this, the Bulls can recover their domination and act accordingly.
The CMF has become parabolic, while the RSI displays a downward divergence. This suggests that the XRP price could be ready to test the support area between $ 3.10 and $ 3.11. As the rally is supposed to be stuck above $ 3, the discovery of XRP prices should start very soon.
