XRP has recovered from a recent price below $2, but it has not completely escaped difficulties. 🧐 A famous cryptocurrency analyst suggests that the price drop to this level could be beneficial for XRP's long-term trend.
- After the US elections, XRP surged, reaching a peak near $3, but lost momentum in early December.
- Recently, XRP has increased by over 20%, reaching around $2.45, surpassing Tether to become the third largest cryptocurrency by market capitalization.
- Analyst Ali Martinez stated that XRP remains below the resistance level of $2.73. If it does not break through, the price could drop to $2.05 before potentially breaking out to $11.
Although $11 sounds extraordinary, it is still a distant goal and falls into the category of excessive price predictions. 🚀