In recent weeks, a remarkable increase has been observed in the price of XRP. The fourth-ranked cryptocurrency, XRP, has excited investors with a 500 percent increase. However, according to some experts, this rise may have reached a local peak. With the ongoing corrections in the market, it is suggested that the price of XRP may fall to much lower levels than $ 2.26. This possibility is also supported by Bollinger Bands, one of the technical analysis tools.
Bollinger Bands are an indicator often used to evaluate price movements. These bands form upper and lower deviations around a simple moving average. Currently, the XRP price is trading very close to the upper band. However, this situation resembles the beginning of downtrends seen in the past. For example, in 2018, the price of XRP peaked at $3.3, then fell by 82% to $0.56. Similarly, in 2021, the price fell below the median and the market contracted.
Considering this historical data, the possibility of a similar correction in the price of XRP should not be ignored. Experts are drawing attention to strategies to protect some of the profits obtained from sudden increases. So, could this predicted decline of XRP be preparation for a new bull market? In addition, it is wondered whether whale movements such as Wall Street Pepe token purchases indicate a bull market in 2025. While the comments and analyzes about the XRP coin continue, we have discussed the three most talked about pre-sale projects of the last period below.