It is the sixth largest crypto currency in terms of market volume Ripple (XRP) it continues to move along with the general price movements. Although it is still being suppressed due to its lawsuit with the SEC XRP price, it is relatively keeping up with the cryptocurrency market.
XRP Price Movements
As of the moment the article was written, it seems that XRP, which is trading on $ 1, has broken the resistance of $ 0.9. However, XRP is facing resistance at the 1.1 dollar level. After XRP rose above $1.1 on October 6, it faced a rejection at this level.
However, analysts think that XRP has entered into a consolidation at the moment and therefore price increase moves may continue at the end of the week. If the price increases and the $1.1 resistance is broken XRPit is believed that the second strong resistance in front of the will be in the 1.4 dollar band, and the 1.5 dollar will also act as psychological resistance.
XRP Price Expectations
In order for the XRP price to rally, both its lawsuit with the SEC and Ripple are now expected to take steps in areas such as DeFi and NFT. Some analysts believe that Ripple DeFi or NFT he thinks that the price of XRP may experience very serious increases with the signing of improvements in his field.
Due to the litigation process with the SEC, XRP has not yet broken its record in 2018. during the rally of 2021, the XRP was able to rise to $ 1.9, and it remains well below the record price level of $ 3.84.
If XRP breaks $ 3.84, the analysts’ first target is $ 5, and the arrival of an innovation in the field of DeFi or NFT is also XRP priceit is believed that it can raise ni up to $ 10.
The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.