XRP is experiencing some price fluctuations, currently navigating a range between $2.95 and $3.23. While a potential retest of lower levels is possible, there’s hope for a bullish reversal if buyers hold strong.
XRP’s Price Rollercoaster: What’s the Deal?
So, XRP recently hit a bit of a roadblock around $3.2, according to BitcoinEthereumNews.com. The source indicated that it got rejected at this level, which might mean we see a dip back down to around $2.95. But here’s the good news: there’s a chance buyers could step in and spark a price comeback from that lower range. Basically, XRP seems to be bouncing around between $2.95 and $3.23, with a midpoint around $3.1. Think of it like a tennis ball going back and forth between two points on the court.
The source explained that XRP is also dealing with some upgrades to its network, called the XRP Ledger. They recently added something called the AMMClawback amendment, which is supposed to help with regulations for its Automated Market Maker (AMM) pools – basically a fancy way to trade. While this is good news for the network’s future, it hasn’t immediately boosted the price.
Looking Back to See Forward
The source also pointed out that XRP had a similar pattern back in December. It jumped from $1.88 to $2.9 and then kind of chilled out in a range, going between about $2 and $2.62 before eventually climbing higher. The source revealed that a similar pattern might happen now – we could see XRP test the lower range again, hang around the middle for a bit, and then potentially go up again.
There was even a brief dip below $2.95 a week ago, which the source considered a significant deviation. Right now, trading volume is low, meaning we probably won’t see any huge price moves in the next couple of weeks. If XRP can reclaim the $3.1 level as a support, it could be a good time to buy in.
Finally, the source noted that there are some price levels around $3.2 and especially $3.45 that might act like magnets, pulling the price up there before potentially reversing. It’s all a bit of a balancing act, but that’s crypto for you!
Source: Crypto | Bitcoinethereumnews.com
The post XRP price prediction – Assessing if altcoin will hold on to $2.9 or not first appeared on CoinBuzzFeed.
