It’s an exciting weekend for crypto fans, and especially for those who look closely XRP. There has been an update on the case of Ripple with the dry, and although it is not a terrible new, it is not great either.
According to an analyst, Currently, XRP is negotiating about $ 2.43 – but the situation seems a little trembling. In the past three days, XRP has tried to cross a level of key resistance at $ 2.62, but it failed each time. This is not a good sign because if buyers and large investors (such as institutions) were strong on the market, XRP should easily have crossed this point. Worse still, instead of climbing, the price actually dropped below $ 2.50 yesterday.
At this point, the market is a little more lower rather than bullish. Depending on the analysis, for XRP to be positive again, it must go up above $ 2.50 – and ideally exceed $ 2.62 with strong purchase support.
If XRP continues to stay above $ 2.30, things are still under control. But if it falls below this level, the traders should be ready for the price to drop more than $ 2.00. This is why the level of support of $ 2.30 is so important at the moment.
Be ready for all possibilities
Despite these short -term concerns, XRP’s long -term perspectives remain positive. Many still believe that XRP could reach $ 10 by mid-2026 and even dream of a price of $ 100 in the next five to ten years. But the road will not be fluid.
The cryptography market is famous unpredictable. Prices can increase or crash without warning, and history shows that bull races can be short -lived. While some people think that the Haussier market could already be finished after Bitcoin affected $ 110,000 and altcoins had their moment, others remain optimistic.