Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
XRP XRP regains upward momentum, analysts are optimistic about future trends
After breaking through the long-term downward trend, XRP is regaining positive market momentum, thanks to improved technical indicators and a rebound in investor interest. The recent rebound has made XRP the focus of market attention, especially in the context of bullish sentiment renewed, and traders are closely watching its next move.
Analysts target higher prices
Well-known cryptocurrency market analyst Miky BullCrypto lists XRP as one of the most promising digital assets currently. The analyst pointed out that XRP's price chart showed a bullish pattern, suggesting a possible rebound to the $5 to $7 range in the future.
XRP underwent a structural shift during trading in July and August, when its price remained below $1. Subsequently, the digital asset quickly gained momentum from its low level and climbed to $1.70, marking a significant departure from the previous bear market pattern.
After hitting US$1.70, XRP entered a consolidation phase of US$1.35 to US$1.50, giving the market a chance to absorb recent gains. As of the latest data, XRP was trading at $1.3787, up 2.82% during the day.
The technical side of XRP has strengthened above key support levels, maintaining a bullish trend after escaping from previous downtrends.
Support Levels and Technical Indicators
From a technical perspective, XRP is still above the 20-day exponential moving average ($1.35889) and the 200-day exponential moving average ($1.35485). Staying above these two moving averages is crucial to maintaining positive trends, and a break below these levels could signal a return to weakness in the market.
These two moving averages are currently close to current prices, forming a tight support area. If buyers can hold on to these thresholds, XRP may try to hit the upper edge of the integration range again.
The relative strength index (RSI) for the XRP is about 54.83, far below the previous level of above 75 in the overbought area. This level suggests that as long as the RSI remains above the neutral point of 50, the momentum of the XRP remains constructive and buyers still have an advantage.
If XRP can break through the current integration zone while maintaining this positive momentum, its prospects for another sharp rise will improve. Conversely, a break below these technical support levels indicates that sellers have regained short-term control.
Trading volume and ETF inflows
Activity in the XRP derivatives market has surged. According to Coinglass, 24-hour trading volume surged 79.53% to $2.4 billion. Open interest also rose 1.49% to $2.89 billion, reflecting increasing market participation, especially among leveraged traders.
The continued rise in open interest contracts suggests that leveraged positions are accumulating, which increases breakthrough potential while also increasing volatility risk, especially when positions become highly unilateral.
Whale Insider, a platform that focuses on monitoring the flow of large cryptocurrencies, reported net ETF inflows to XRP were US$18.98 million in the past week. Continued ETF inflows often indicate stable demand from institutional investors.
Noun explanation: Whale Insider is a data provider that specializes in tracking large cryptocurrency transactions and market flows. Its reports are often used to monitor institutional or "whale"-level movements in digital asset markets.
While technical prospects and trading indicators provide strong support for XRP, analysts stressed that price forecasts such as the $5 to $7 price forecast proposed by Miky BullCrypto reflect optimistic scenarios rather than predetermined results. To achieve such increases, sustained demand and favorable market conditions are still needed.
