The post XRP Bounce Back To $2.45: Experts Say It May Never Fall Below $2 Again appeared first on Coinpedia Fintech News
South Korea’s shocking martial law declaration sent the crypto market into chaos, with XRP crashing from $2.60 to $2.13 in a massive sell-off. But the panic didn’t last long! However, XRP price has bounced back, rising by almost 9% in the last 24 hours. Meanwhile some experts are boldly claiming that XRP will never drop below $2 again. Here’s why they are so confident!
Why XRP’s Price May Continue to Rise
XRP, a cryptocurrency linked to Ripple Labs, is riding the wave of optimism in the crypto market. As Bitcoin’s rally boosts altcoins, XRP is gaining momentum. Experts believe it could soon aim for its all-time high (ATH), with on-chain data pointing to further growth.
One key factor is the Mean Dollar Invested Age (MDIA), which measures how long tokens stay inactive on the blockchain. A high MDIA usually indicates a stagnant market.
But for XRP, the MDIA has recently dropped, showing that long-held tokens are now being traded actively. This increase in activity is a positive sign, as it brings more liquidity to the market and supports price growth.
Another important metric is the Taker Buy Ratio, which tracks the number of buy orders compared to total trades in the derivatives market. Currently, XRP’s ratio is at 0.55, which shows strong buying interest. Data from CryptoQuant highlights this as a bullish signal, with buyers gaining control of the market.
Bulls Take the Lead
As of now, XRP is trading around $2.45, supported by a market cap of $139.3 billion. Its 10-day simple moving average of $2.42 and 100-day average of $2.37 further confirm the upward trend.
Meanwhile, the Relative Strength Index (RSI) of 52.27 suggests a balanced market, while the MACD indicator signals potential for further gains.
If this buying pressure continues, XRP could climb toward $3.50 in the short term. However, if the recent increase in token circulation slows down, the price might drop back to $2.13. For now, the bulls seem firmly in control, and XRP’s future looks brighter than ever.