While fluctuations in the crypto currency market continue, XRP has a more stable appearance than other subcoins. As of the spelling time, XRP is traded at $ 2.16 with an increase of more than 1 %. Caleb Franzen, the founder of Cubic Analytics, who was a guest at Thinking Crypto Podcast, offered a detailed analysis of the current situation of XRP and possible future price movements.
What does the short -term view for XRP (a few weeks to a few months) point to?
According to the analyst, the XRP is currently above the 200 -day moving average cloud. This level is between 1.76 and $ 1,80, and shows that XRP maintains its durability despite its overall market fluctuations. Although it is not an extreme optimistic picture in terms of price movements, the protection of this level is considered an important positive sign.
Some technical indicators point to the possibility of XRP’s form of “head and shoulder” formation. This may be a possible signal of decline. However, as long as the price remains above $ 1.76 support, there is no serious reason for the market to worry.
Medium -term view (6 to 12 months)
In the medium term, the relative power of XRP is remarkable. Many Altcoins are traded below the 200 -day moving average, while the XRP manages to stay above this level. This raises an upward explosion potential for XRP if the general market conditions are improved. If the critical resistance levels are exceeded, the price seems to be likely to increase 3 dollars or more. However, because of the cautious stance of the market, it is early to enter into great expectations without strong bull signals.
Long -term view (1 to 2 years and beyond)
The future of the XRP in the long run is closely related to regulatory developments and the adoption of general crypto. If the market enters the bull period again, XRP may also be part of this movement. Analysts say the possibility of a new bull run may increase if a continuous cruise above the 200 -day moving average is seen. In the most optimistic scenario, the XRP is among the possibility that it reaches 5 dollars or higher levels, but this will depend on a decrease in the positive conditions and regulatory uncertainties of the market.
XRP’s future price movements are closely related to technical indicators as well as macroeconomic factors and developments in the sector. For this reason, it is recommended that investors closely follow both technical analysis and market dynamics.
