XRP, despite its struggles, is currently among the top crypto markets, with recent price momentum pushing its value to $2.49 and a market capitalization of $144.18 billion. However, with high trading volume, growing investor interest, and active address spike, the future of XRP remains uncertain. The active address and technical analysis present a bullish price outlook, indicating that whales are steadily increasing their XRP holdings, and the daily active address count is high at 6,131. Technical indicators like the MVRV ratio suggest a potential bullish reversal and new price rallies.
The XRP price prediction suggests that the Ripple token could hit $5 in the upcoming months, based on factors such as MVRV, whale accumulation, and active address data. Crypto analyst Rose believes that XRP has strong support at around $2.30, preventing major pullbacks, and the next resistance stands between $2.60 and $2.75. A breakout past this resistance could push the Ripple price to new all-time high targets, first at $4.21 and later at $4.95 and higher. Despite trading at $2.49 currently, a surge in trading volume and bullish on-chain analytics confirm a possible rally to $5.
Key factors that could favor this surge include growing institutional adoption, approval of the XRP ETF in Brazil, positive legal developments in the SEC vs. Ripple case, and broader market conditions. A potential crypto bull run could further drive the XRP price to new highs. The possibility of forming an XRP reserve and its impact on value have also been discussed, with the potential for the Ripple price to hit $1000 if Donald Trump creates an XRP reserve instead of Bitcoin.
While XRP’s technical indicators, whale activity, and on-chain analysts point towards a bullish trajectory and the potential for hitting $5, there are barriers such as missing regulatory clarity and current market conditions that could hinder its progress. A breakout from the $2.60 – $2.75 range is crucial for XRP to attain $5 first. The price of XRP surged to new highs with Donald Trump’s win but began consolidating once bullish momentum declined amidst a broader market correction. With whale accumulation, high active addresses, and bullish technical indicators, the potential for XRP to hit $5 remains strong. The approval of an XRP ETF could increase institutional adoption, provide liquidity, and boost investor confidence, leading to new highs for the Ripple token.
