Experts boldly predict: XRP price may bottom out at $1.5 before soaring to $10
This news is so exciting, just like a Lexus car suddenly accelerating!
This expert not only talked about the great prospect of XRP rising to $10, but also reminded us that before that, XRP may fall to $1.5. Look, today the price of XRP is like a roller coaster. Although the market is rising, it has not moved much.
Let's talk about why the price of XRP may rise.
Why can XRP rise?
The price of XRP has always been a hot topic for everyone. Especially now that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is about to go to trial, everyone's heart is in their throat. In addition, Ripple's two bosses, Chief Legal Officer Stuart Alderoty and CEO Brad Garlinghouse, recently had a meal with Trump. Once this news came out, it made people think about it.
How is the price of XRP now?
Speaking of which, XRP's price fell by 0.55% today, and is now trading at $2.31. However, the trading volume increased by 30% to $5.4 billion. In the past 24 hours, the highest price was $2.33 and the lowest price was $2.24. Futures open interest fell by 0.4% and is now $4.25 billion. This data makes people feel a little uneasy.
However, although XRP fell a bit today, the global cryptocurrency market value still rose by 2%. Moreover, Ripple Labs recently transferred 300 million XRP (worth $682 million). Although some people speculated that this was an internal transfer, it was also a small episode.
In general, although the price of XRP has fluctuated a bit recently, in the long run, this cryptocurrency is still very likely to rebound. Coupled with the expert's $10 target price, everyone is looking forward to it.
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