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XRP Price Prediction: XRP Targets $2.50 Breakout Amid China Tariff Shockwave—Is a $20 Bull Run in Sight?
Ripple’s cryptocurrency, XRP, is currently trading at around $2.13, up 0.32% in the last 24 hours according to the XRP Liquid Index (XRPLX) via Brave New Coin. As global tensions escalate, investors are eyeing the Ripple market with increased interest.
The Ripple price has been on a steady rise lately, and it’s crucial for investors to understand that this momentum could be amplified by factors beyond Ripple’s direct control. For instance, the ongoing China tariff shockwave is creating unprecedented uncertainty in the global economy, which may lead to a rush into perceived safe-haven assets like cryptocurrency.
Moreover, the Ripple market is also in the limelight due to its unique ability to facilitate institutional-level transactions. If Ripple gets more partnerships or releases news regarding Ripple currency price movement, then this would be a growth catalyst for XRP.
In terms of technical analysis, I believe there’s potential for an uptrend as we approach the $2.50 mark. However, if the Ripple cryptocurrency fails to break through this resistance level, we might see further consolidation before another attempt at the breakout.
It’s also worth noting that XRP is currently navigating a confluence of bullish setups and positive macroeconomic shifts, which could potentially fuel institutional demand.
Source: https://bravenewcoin.com/insights/xrp-price-prediction-xrp-targets-2-50-breakout-amid-china-tariff-shockwave-is-a-20-bull-run-in-sight
