XRP Price Prediction: Upward Potential to $3.20 with Bullish RSI Momentum
The Relative Strength Index (RSI) momentum is currently at 48.3, showing improvement after bouncing back from oversold levels. If bullish investors manage to push the price above the resistance at $3.07, the next target for XRP could be $3.20. Moreover, there is a long-term target of $3.45 if ETF speculation intensifies.
However, the weakening spot trading activity poses a significant risk factor. With many leveraged positions, negative macro catalysts could trigger a massive sell-off, potentially dragging XRP price back to the support level at $2.70. If this level breaks, a sharp correction towards $2.50 is inevitable.
Given the moderate RSI position and lack of support from the spot market demand, XRP is expected to trade in a limited range below $3 until new catalysts emerge. Nevertheless, the high leverage positions during the weekend confirm the potential for sharp movements in the near future.
Disclaimer: All investment decisions are the responsibility of the readers. Conduct thorough research and analysis before buying and selling Cryptocurrency. Liputan6.com is not liable for any profits or losses resulting from investment decisions.
