With the positive developments in the crypto market, recovery in the price of XRP was observed. Market, Ripple $2.4‘s local crypto currency is acts within the framework of the opinions of the XRP’s addition to US national reserves. The fact that Ripple CEO’s participation in the Advisory Board of Trump also prepared the ground for these discussions.
Reserve talks and requirements
In order to take part in the US strategic reserves, expectations that the XRP price should reach a certain level are closely monitored by the market. Bitcoin is still on the market 
$96,228.6While there is a structure that includes the reserve scope, the opinion that the price should be increased in order to evaluate the XRP within this scope.
Fred Rispoli: “Only Bitcoin is appropriate in the current structure, but the XRP price can reach the criteria if it reaches $ 5.”
Price levels and analysis
Market experts draw attention to critical technical levels for the continuation of the rise of XRP. Rose Premium Signals, one of the experts, evaluates the last bottom price as an opportunity, while some analysts say that XRP exceeded $ 2.67 and $ 2.81. It is discussed on different opinions, target price ranges and support levels.
ECRAG CRYPTO: “XRP closes $ 2.67 and exceeding $ 2.81 will be decisive for the continuation of the rise.”
Market Risks and Supports
On the other hand, some market participants draw attention to the pressure on the supply side. Dark Defender said that the protection of XRP’s $ 2.33 level is critical for upward acceleration. Casitrades, on the other hand, evaluates the levels of 2,16, 1.88 and $ 1.53 as important support points. With a slow decline in these support levels, short -term recovery is expected to be expected.
Investors consider that there is no clear floor as it is for the XRP to reach $ 5. Recent price movements make the existence of risks as well as the expected rise. While the market is facing the testing of technical levels and possible consolidation periods, investors are recommended to monitor the developments closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
