Good morning everyone!
For those who are holding XRP or those who are deciding to get into this coin.....
Actually, I personally feel that at this moment, it is not really a good choice yet, but many enthusiasts are determined to buy, so I cannot stop them, so I just provide an analysis for everyone.
XRP is at a Critical Stage: Aiming for $3 with High Pressure Ahead.XRP is currently navigating an important moment. After a significant price increase, the token is now facing increased selling pressure that could determine its next move. For XRP to break through the important resistance level at $3, an additional $31.2 billion in market capitalization is needed. Below is an analysis of the current situation:Current Market Capitalization Ratio to Supply: 139,980,000,000 ÷ 57,050,000,000 = $2.4Target Market Capitalization to Reach $3: 171,200,000,000 ÷ 57,050,000,000 = $3Simply put, the formula to calculate the price of XRP is:Market Capitalization ÷ Circulating Supply = PriceWith the current figures, XRP needs to close the gap in market capitalization to achieve its ambitious price target. As the market progresses, this could be a decisive moment for traders and investors. Stay alert and manage your strategy wisely.
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