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XRP Price To Reach $5?
- Ripple’s native token XRP is facing volatility amid global trade tensions and tariff wars, leading to a dip in its price close to long-term support levels.
- The launch of Teucrium's 2x leveraged XRP ETF (XXRP) resulted in a 6.5% price surge for XRP, indicating short-term speculative interest but also carrying risks due to daily compounding effects.
- XRP's daily chart shows a bearish trend, with the token breaking below key moving averages and facing resistance at the $1.84 and potentially $1.88 levels.
- The hourly chart depicts a minor recovery bounce in XRP's price, but with fading momentum and lack of strong follow-through, suggesting temporary short-covering rather than a true reversal.
- Key support levels for XRP are at $1.84 and $1.65, while resistance levels are around $1.91 and $2.00–$2.05 where a bullish breakout would need strong confirmation.
- Technical indicators like moving averages, Heikin Ashi candles, and Accumulation/Distribution Line point to persistent selling pressure, weak momentum, and declining capital inflows for XRP.
- XRP's price outlook is influenced by tariff wars, with geopolitical tensions potentially impacting Ripple's international partnerships and payment corridors, affecting investor confidence.
- April's price prediction for XRP depends on whether it can hold the $1.84 level for a recovery towards $2.00–$2.05, or face further decline towards $1.65 and $1.50 in case of negative market reactions.
- XRP is currently at a crucial technical juncture, with the next few days determining whether it bounces back or enters a deeper correction phase amidst global uncertainty and market instability.
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