While the fluctuations in the crypto market continue, experienced Trader Jacob Canfield said that XRP currently has the best Altcoin graph. The XRP price has increased by 500 %since 2024 to exceeded $ 3, while analysts think that a major movement may be at the door. So, what’s next for XRP?
Does Ripple create a strong foundation for the Taurus trend?
Canfield shared his analysis of 117,000 followers in the social media platform X showing that XRP has passed critical levels. First, the resistance of $ 2 turned into a strong support. Then, new support of $ 3 continues to protect.
These technical developments clearly show that the XRP is prepared on a strong upward train. Ripple, which has been over $ 3 for the first time in the last seven years, has stared at the highest level of all time of $ 3.84 recorded in 2018. If this resistance breaks, a new bull run may start in XRP
The XRP community is excited about its 2025 activity and lawsuit developments
Ripple investors are quite optimistic due to the XRP Community Day 2025 event. This activity, which will bring together Ripple and XRP Ledger ecosystems, can increase the interest in globally XRP.
On the other hand, there are positive developments in Ripple’s legal struggle with the US SEC. Yesterday, the abolition of some information about the case from the official website of the SEC increased investors’ hopes that Ripple could win victory.
Critical levels and expectations for XRP price
Ripple remains $ 3.1 with a decrease of 1.21 %in the last 24 hours. However, the decrease in the process volume shows that the bull momentum is weakened. If buyers strongly protect $ 3 support, XRP may be able to test $ 3.84. However, if the level of $ 3 is lost, a withdrawal may be experienced towards $ 2.70. Market conditions and Ripple’s legal status will play a key role in determining the future aspect of XRP.
Is Ripple preparing for new summits again, or is a big correction at the door? It seems that the coming days will be decisive!
