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XRP Price Prediction – Bulls Can Reclaim $2.6 Unless This Happens First
Ripple’s XRP has been stuck in a lower range below the crucial level of $2.6 for some time now, but market analysts believe that bulls can reclaim this milestone unless a specific event takes place first.
Over 1 billion XRP tokens have been moved off exchanges since October 2024, according to Glassnode data, which indicates a significant accumulation trend. This sudden shift in supply could serve as a strong catalyst for a potential surge above the $2.6 mark.
The recent consolidation below this level has kept XRP price prediction uncertain, but experts believe that once the market finds its footing, it can rapidly break out and retest the resistance at $3.4.
However, to make this happen, Ripple needs to overcome one major hurdle: a strong catalyst must emerge first. This could be anything from positive news on regulatory front or any other event that would boost investor confidence in the asset.
If such an event fails to occur, it’s likely that XRP will continue to trade within its current range of $2.0-$3.4.
Despite this uncertainty, some experts suggest that pullbacks to $2.0 could potentially serve as buying opportunities if the price action remains intact.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Source: ambcrypto.com
