
Jakarta, Pintu News – The price of Ripple continues to show interesting movements in the cryptocurrency market, although it has now dropped to fourth place after previously being ranked third.
The price of XRP has risen 5.02% in the last 24 hours. Its current value is 40,090 IDR ($2.44), and its trading volume is 158.8 trillion IDR ($9.67 billion).
Meanwhile, the surge in XRP address activity and technical formations against Ethereum are the main factors that could determine the next price movement.
Check out crypto analysts’ full analysis of Ripple (XRP) price predictions in the following article!
The latest on-chain data shows that the number of active XRP addresses jumped 620% in just one week, rising from 74,589 to 462,650 addresses.
According to analyst Ali Martinez, this increased activity is a positive signal, indicating growing adoption and greater investor engagement in the XRP ecosystem.
This spike can also be interpreted as an indication of increased market interest in XRP, both in terms of transactions and speculation. According to Coin Edition, if this trend continues, demand for XRP could increase further, pushing its price to higher levels in the near future.
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According to analyst Dom, XRP faces the largest resistance level in its history against Ethereum (ETH). This level has repeatedly been a key determinant of XRP’s price movement, and each time it has been broken, XRP has experienced a significant price spike, with gains of at least 160%.
History shows that XRP experienced similar breakouts in early 2017, late 2017, and 2018, all leading to large price increases. If this pattern repeats, XRP could rise dramatically again and potentially approach Ethereum’s market capitalization.
Some analysts even speculate that if XRP manages to break this level, it could reclaim the third spot on the list of the largest cryptocurrencies.
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Technically, according to Coin Edition’s analysis, XRP has shown high volatility recently, with prices fluctuating between 31,217 IDR ($1.90) to 49,290 IDR ($3.00). However, analysts see a strong bullish opportunity, with predictions of up to 160% gains if this momentum continues.
The Relative Strength Index (RSI) is currently at 43.42, indicating that XRP is approaching oversold conditions, which are often the starting point for price increases.
Meanwhile, the Bollinger Bands indicator shows that XRP is consolidating near a major support level. If the price breaks the upper limit of 48,565 IDR ($2.95), a new bullish wave could occur.
With a 620% surge in active addresses, a major resistance test against Ethereum, and technical indicators pointing to a certain trend, XRP remains a concern in the crypto market. The price movement history shows that every time XRP crosses an important resistance, its movement pattern significantly changes.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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