
Jakarta, Pintu News – In the uncertain cryptocurrency world, the digital currency Ripple is often a hot topic among investors and analysts. Recently, a prominent crypto analyst, Tara, gave an updated view on the XRP price which is currently below $2.
This analysis reveals some market dynamics that could affect XRP’s future price movements, especially in relation to the ongoing Bitcoin retracement.
According to Tara, XRP is currently experiencing a deeper decline compared to Bitcoin which is still in a corrective phase. This suggests that XRP may experience irregular price behavior in the near future. Factors such as key support levels and Bitcoin’s retracement could potentially trigger a stronger correction in XRP price, which could be an opportunity for traders to capitalize on market volatility.
The technical analysis shared by Tara via the X platform highlights that despite the potential downside, this phase is expected to pave the way for a price reversal towards higher targets. This suggests that the current price fluctuations could be a preparation for the significant rise to come, although it should be cautioned that the crypto market is highly influenced by various external and internal factors.
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In the short term, Tara predicts that XRP will not exceed $2.30 before the year ends. Despite speculation that XRP could fall to $1, Tara dismisses such claims and remains optimistic about its long-term prospects. According to him, the real barrier for XRP is much higher at $9, which would mark an increase of more than 374% from the current price.
Furthermore, Tara emphasized that while the overall market is experiencing uncertainty, XRP has yet to enter a bear market or a dominant market with falling prices. This suggests that there is potential growth that can still be expected from XRP, especially if the factors supporting the market play out according to a more positive scenario.
Investors considering entering the XRP market should take note of this analysis as part of their strategy. Understanding the relationship between Bitcoin and XRP can provide better insight into making the right investment decisions. In addition, following updates from trusted analysts like Tara can provide up-to-date information that is important to follow.
It is also important for investors to understand that the cryptocurrency market is highly volatile and influenced by various global factors. Therefore, investments should be made carefully and with due consideration. Having a good strategy and a solid understanding of the market will go a long way in dealing with frequent price fluctuations.

In conclusion, although there is a lot of uncertainty, this latest analysis provides a clearer view of what might happen with the price of XRP. By considering factors such as Bitcoin’s influence and key support levels, investors can be better prepared for rapid market changes. It is always important to stay updated with the latest information and conduct in-depth analysis before making investment decisions.
Also Read: 7 XRP Facts on Institutional Finance via VivoPower’s $900 Million Exposure Structure
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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.
FAQ
Q1: What is Ripple (XRP)?
A1: Ripple (XRP) is one of the digital currencies used in the Ripple network to facilitate money transfers between countries.
Q2: Why is the current XRP price below $2?
A2: The XRP price below $2 is due to a deeper drop compared to Bitcoin (BTC), which is still in a corrective phase.
Q3: What effect does Bitcoin have on the price of XRP?
A3: Bitcoin (BTC) retracement has an effect on the price of XRP as it shows the potential for a stronger correction that could affect XRP.
Q4: What is Tara’s long-term price target for XRP?
A4: Tara estimates that the long-term price target for XRP is $9, which would mark a significant upside from the current price.
Q5: Has XRP entered the bear market yet?
A5: According to Tara analysts, XRP has not yet entered a bear market and still has potential for future price growth.