XRP emerged as a major element last week, as the US Securities and Stock Exchange (SEC) has officially dropped its four -year spent with Ripple. It is worth noting that this development led to a major demand for XRP, as Altcoin rose by more than 13 % for a short period of time at $ 2.60 on March 20. However, XRP has recovered from the past 24 hours and is now about $ 2.39. Although Albeit, Altcoin is still in a great rise based on the last analysis by the EGRAG Crypto market.
The strong monthly closure XRP indicates the possibilities
in X post On March 21, Egrag Crypto is involved in an interesting export prediction on XRP based on price movement in recent months and levels of re -tension Fibonacci. The analyst notes that XRP has been closed constantly over FIB. 1.0 The level during the past three months forms full body candles. This development shows the flexibility of XRP in an uncertain encryption market that enhances the potential of bullish momentum. This is because the whole body candles provide stronger confirmation of price movements compared to the fuse formations. While maintaining this powerful technical power, EGRAG expects that XRP may soon start getting the first price goal in FIB 1.236. However, there is no dangerous resistance at this level, which indicates a continuous increase to Circle 5 and FIB 1.414, the price range ranges between $ 5-6 dollars.
Depending on the Fibonacci levels, XRP can then see the main price of the FIB 1.618 price at a possible price of $ 9 -10 dollars. However, it should be noted that the timing of these events is completely dependent on XRP and the general encryption market. According to Egrag Crypto, in the event of the expected price gains between now and May, the price correction is likely to follow the hint when the bull is operating and the higher price targets for XRP. However, if the expected price movements occur in the summer of 2025 or in the fourth quarter of 2025, it may indicate the market summit, which represents the end of the current market tournament.
Market Overview XRP
according to Snight, Market morale is currently neutral as the encryption market is struggling to create a clear path. However, there are some important possible positives of the second largest encrypted currency on the horizon. Regardless of recent legal developments, the CEO of Ripple Brad Garlinghouse Express A lot of optimism on ETF Spot Spot indicates a possible approval before 2025. In addition, Garinghouse expects US President Donald Trump XRP to include in the stock of digital assets. At the time of writing this report, XRP is trading at $ 2.38, which reflects price loss by 1.43 % last day. Meanwhile, the daily trading volume decreased by 31.64 %, indicating a decrease in interest in the market despite the recent increase in prices.
