Bullish Momentum Persists, But XRP Price Faces A Predicted Drop To $2.40

According to The Coin Republic’s latest quantum prediction model XRP price is projected to decline to $2.40. It is currently trading at $3.1613.

The forecast suggests increased volatility before settling at the predicted level. The high and low estimates provide a range for potential fluctuations.

Despite the downward projection, XRP remains bullish, supported by strong technical indicators and significant market activity.

XRP Price Maintains Bullish Trend Above EMAs

XRP’s price is well above critical exponential moving averages (EMAs), reinforcing the ongoing bullish trend.

The EMA20 at $2.7416, EMA50 at $2.3551, EMA100 at $1.8833, and EMA200 at $1.3948 are solid support levels, indicating strong upward momentum.

The bullish trend is further validated by the Relative Strength Index (RSI), which currently stands at 66.04, approaching overbought territory but reflecting consistent buying pressure.

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The Moving Average Convergence Divergence (MACD) indicator supports the bullish sentiment, with the MACD line at 0.2490 above the signal line at 0.1893.

A positive histogram confirms strengthening momentum, suggesting buyers continue dominating the market.

Immediate support is around $2.90, aligning with the EMA20 level, while key resistance lies near $3.37, a recent high that could be tested if the bullish momentum persists.

The Coin Republic’s quantum prediction model forecasts XRP’s price dropping to $2.40, indicating a significant correction from its current levels.

The model, represented through a chart with forecasted, high, and low estimates, closely aligns with historical price movements.

Increased volatility is anticipated before the price stabilizes near the predicted level, reflecting a shift in market sentiment.

XRP Futures Open Interest Surges Past $2 Billion

According to Coinglass data, XRP’s futures market has seen a significant rise in open interest, surpassing $2 billion.

This sharp increase mirrors the recent price surge, indicating heightened speculative activity and growing interest in XRP derivatives trading.

The correlation between open interest and price movement suggests traders leverage futures contracts in anticipation of continued volatility.

The increase in open interest points to a potential liquidity influx into the XRP derivatives market, reflecting strong market optimism.

However, the rapid rise also highlights the growing presence of leveraged positions, which could pose risks if the market reverses.

Elevated open interest, while a sign of strong interest in XRP, underscores the potential for increased volatility in the near term.

As Ripple‘s price continues to trade above critical support levels, traders are urged to remain vigilant in light of potential market shifts.

The projected decline to $2.40 and rising speculative activity suggest a need for cautious positioning.

Technical indicators, including the RSI and MACD, should be monitored for early signs of weakening momentum or overbought conditions.

Immediate support around $2.90 and resistance near $3.37 provide clear levels for traders to watch in the short term.

A test of the $3.37 resistance could signal further bullish potential, while a breach of the $2.90 support may confirm a downward correction.

The market’s response to these key levels will likely determine the direction of XRP’s price movement in the coming weeks.