XRP price drop
Today, the price of XRP fell 3.27% to a local low of $2.30. This decline is part of a broader correction in the cryptocurrency market that began a few days ago.
Technical analysis suggests potential growth
Analysts have noticed that the Bollinger Band indicator on the XRP 12-hour chart is tightening again, which could indicate a significant price move is coming. The previous such tightening led to a 490% price increase. If this happens again, the price of XRP could reach as high as $13.
Forecasts for 2025
Experts predict that XRP could reach a value of $5 to $7 in 2025, with some even suggesting $100, depending on regulatory developments and the adoption of Ripple technology.
Activity of large investors
Market data indicates that so-called "whales" (large investors) are increasing their XRP holdings, which may indicate their belief in the future growth of the value of this cryptocurrency.
New investment product in Europe
American company WisdomTree has launched a new XRP-based investment product in Europe – WisdomTree Physical XRP ETP (XRPW). The product is listed on exchanges such as Deutsche Börse Xetra, SIX and Euronext in Paris and Amsterdam, with a management fee of 0.50%.
