XRP has been following a calm course in a narrow price range in recent days. This indicates that the digital asset is in a consolidation phase. Ripple after a short-term recovery in the market $0.519209entered a new consolidation model by remaining in a stable price band. Analysts believe that this stability strengthens the possibility of XRP reaching the $25 level in the future.
Analyst’s $25 Prediction for XRP
Cryptocurrency analyst Armando Pantoja shared on the X platform the possibility of XRP reaching the $ 25 target. According to the expert, reaching this level is not just a dream, but a possible goal:
XRP at $25 is a realistic target. It may be possible if Trump is re-elected and Gensler is removed from office.
Will XRP Price Break the Resistance?
In the last 24 hours, the XRP price decreased by 0.61% to $ 0.5202. The price fluctuates between $0.5157 and $0.5255. This narrow movement range follows a trend in line with the general trend in the market. XRP is currently facing strong resistance at $0.52. If it surpasses this threshold, it could make a move towards the $0.60 level. However, the ADX indicator is currently at 17.13, signaling a weak trend.
How Do Whale Transactions Affect the XRP Market?
A strong connection is observed between whale transactions and XRP price. The increase in large transaction volumes in July and August was parallel to significant price increases. The fact that these transactions are currently decreasing shows the impact of whale activities on XRP’s market movements.
Recent price stability and analyst views suggest that XRP could reach the $25 target under certain conditions. This positive picture, supported by market trends and whale activity, may shed light on the future movements of XRP.
Ripple’s solid stance in the market also increases XRP’s potential to gain value. Political developments predicted by analysts may affect the price movements of XRP. As the cryptocurrency market continues to stabilize, XRP remains an interesting asset for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.