XRP and Potential Price Rise: A Neutral Review of Cryptocurrency Market Trends

Updated

May 15, 2025

Gambar XRP and Potential Price Rise: A Neutral Review of Cryptocurrency Market Trends

Jakarta, Pintu News – In recent days, the cryptocurrency market has shown interesting dynamics, especially on the Ripple coin. Based on the latest analysis from AMBCrypto, XRP has a chance to experience a significant price rally due to the lack of strong resistance levels in its path of movement.

However, other supporting factors still need to be considered, including the active participation of investors and the volume of transactions taking place in the market. This article presents a neutral and educational overview of the potential price movement of XRP and the factors that influence it.

Lack of Resistance and Potential Price Rally

One of the important technical indicators in crypto market analysis is resistance levels. In the case of XRP, AMBCrypto revealed that there is currently no meaningful resistance level above the current price. This gives room for XRP to advance without the huge selling pressure that usually arises in areas of resistance.

Resistance levels are price points where many traders tend to sell their assets, causing a price correction. When resistance is weak or non-existent, the price of assets like XRP can rise more easily. Currently, the potential decline in XRP is only expected to touch the support level around $2.38 or around Rp39,456 (assuming 1 USD = Rp16,575).

Also Read: Bitcoin (BTC) Breaks $100K: What are the Hidden Risks Lurking?

Purchasing and Movement of Funds Activities

The positive trend in XRP is also supported by high buying activity in both the spot and derivatives markets. Over the past week, $48.93 million worth of XRP has been moved from exchanges to personal wallets. This suggests that many investors are opting to hold XRP for the long term, rather than trading it in the near future.

In addition, the Open Interest indicator in the derivatives market experienced a significant increase. In the futures market, open contracts rose 17.17% to $5.5 billion, while in the options market there was an 18.78% increase to $1.03 million. This shows that market participants are increasingly active in placing their positions, which generally reflects expectations of rising prices.

Dominance of Bullish Sentiment and Technical Indicators

While an increase in Open Interest indicates high market activity, it only signals optimism when dominated by long positions. AMBCrypto notes that the Open Interest-weighted funding rate remains positive, signaling that most of those open positions are longs betting on a rise in the price of XRP.

A positive funding rate usually indicates that traders are paying a premium to maintain long positions, reinforcing the notion that a price rally is being prepared. However, the sustainability of this trend remains dependent on the sustainability of overall investor volume and activity.

User Activity and Transactions Are Still Low

Although the rally prospects look promising, two important indicators – the number of daily active addresses and daily transaction volume – are still below previous levels. This indicates that not all retail investors are back in the market yet, which could slow down the XRP rally.

The lack of transaction activity means that XRP’s utility as a means of payment or value transfer hasn’t increased significantly either. To really drive a sustained rally, a noticeable increase in network activity and user base growth is required. If those metrics start to rise, then it’s likely that the XRP rally will get stronger.

Conclusion

Overall, XRP is showing significant price rally potential amid minimal market resistance and increased activity in the derivatives sector. However, sustaining this positive trend will require broader participation from investors as well as increased transaction activity. Although technical indicators are currently giving bullish signals, dynamic market conditions remain a key factor in the direction of price movements of cryptocurrencies such as XRP.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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