XRP price to $4 next? 'Most profitable phase' likely here, says analyst
Main Idea
Analysts predict XRP price could reach $4, citing whale accumulation, key support levels, and network growth as factors supporting the uptrend.
Key Points
1. Whales continue to accumulate XRP, with addresses holding 10M–100M XRP now owning 8.31B XRP (14% of circulating supply), indicating bullish sentiment.
2. XRP price must hold key support levels, such as $2.95 and $3, to sustain the uptrend and potentially reach new highs like $3.82 or $4.
3. XRP Ledger’s network growth remains high, with a spike in new wallets and a 30% gain against Bitcoin, reflecting elevated demand.
4. Analysts use Elliott Wave analysis and Fibonacci targets to predict XRP’s potential rise, with some suggesting the current phase is the 'most profitable' for gains.
5. A pullback to $2.80 could threaten the bullish structure, but breaking the $3.3 resistance could quickly lead to fresh highs.
Description
XRP price is up today amid a marketwide recovery, but traders say key support levels must hold to sustain a recovery to new all-time highs.
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