XRP is preparing for a new record: is $6.60 worth waiting for?
XRP is showing impressive growth! 🚀 In recent weeks, the price reached $2.50, breaking through key Fibonacci levels. Analysts predict that the asset can update the historical maximum of $3.55 and reach $5.64 in the first half of 2025.
Some traders, such as Jacob Canfield, are confident that XRP can grow to $6.60, which is double the peak of 2018. 🌟 However, history reminds us of the risks. The zone above $2.50 has repeatedly become a “sale point”, which led to collapses of 85-95%.
Currently, XRP is trading in an overbought state (RSI > 70), which may trigger consolidation or correction. Nevertheless, the momentum in the market is strong, and the similarity with the parabolic growth of 2017 gives hope for a continuation of the rally.
Plan your trades with risk in mind, as XRP is always a highly volatile asset! 💹$XRP