XRP Strong Rise, the Secret Behind Its Steady Growth!!

XRP has recently stood out in the cryptocurrency market, with its payment speed and cost-effectiveness superior to BTC, ETH, and ADA.

With market fluctuations, XRP's price has gradually increased, attracting the attention of many investors.

Earlier this month, XRP's price fell from $2.875 to $1.984, then quickly rebounded, breaking through $2.226 today. In the past 40 hours, whales have bought 240,000 XRP.

XRP's rise gained momentum after the Federal Reserve decided to cut interest rates by 25 basis points. Although the more aggressive stance indicated by Fed Chair Powell had a negative impact on investor sentiment, XRP still benefited from a more positive market sentiment.

Cryptocurrency analyst Ali Martinez stated that if XRP's price can maintain above $2.2, it may reach the resistance level of $2.7 again. However, if the support level of $2.2 is broken, the price may drop to $1.96.

According to data from CoinShares, last week, $88,000 flowed into XRP products, bringing the total amount year-to-date to $43 billion.