XRP has shown bullish momentum with significant increase in trading volume and on-chain activities, as over 825 million XRP were transacted between accounts, marking a 200% surge from the previous month.
Analysts predict a potential price target of $3 for XRP, contingent on sustained hold above key levels including $2.41, supported by EMA analysis and RSI indicating bullish momentum.
An analyst emphasized that a decisive move above $2.41 is crucial for confirming a bullish breakout, while a drop below $2.14 could lead to a deeper correction with a key support level at $1.9.
Long-term bullish forecasts for XRP include price targets of $27 and even $31, with potential resistance levels at $5.85 and $8.76 before further advances towards $13 and $15.