💥💥💥 $XRP Price Slides 10% Amid Rising On-Chain Activity And Whale 🐳🐳🐳 Transactions; Key Supports In Focus
XRP Price Volatility Amid #MarketDownturn
Recent Performance:
- Volatility: XRP saw a 10% decline in the past 24 hours, despite a strong July performance with a 35% gain.
- Current Price: XRP is trading at $0.5739, with key support levels at $0.5650 and $0.5400.
Analysts' Views:
- Long-Term Optimism: Analysts are bullish on XRP's long-term prospects, citing increased on-chain activity, whale transactions, and network growth.
- Ripple's Move: Ripple allocated $10 million towards tokenized US Treasury bills on the XRP Ledger, boosting positive sentiment.
Projections:
- Short-Term Targets: Analysts see potential near-term prices between $2.5 and $3.5.
- Long-Term Targets: Projections range from $25 to as high as $482.48, based on Ripple's expansion into the US Treasury bill market.
Key Support Levels:
- Immediate Support: $0.5650Critical Support: $0.5400 (200-day EMA)
- Maintaining above these levels is crucial for XRP to regain its July momentum.
Source - newsbtc.com
