The post XRP Price Risks Falling To $2 But Experts Remain Bullish, Here’s Why appeared on BitcoinEthereumNews.com.

XRP price dropped more than 10% today, slipping below the brief $3 amid a broader crypto market crash. Amid this, a flurry of market watchers predicts a potential slip to $2 for Ripple’s native crypto, especially with soaring tensions between the XRP community and Bitcoin maxis. However, despite the gloomy forecast, a flurry of experts remained bullish on the long-term trajectory of the crypto, sparking market optimism. XRP Price Risk Slipping To $2 XRP price has caught notable traction as it slipped more than 10% today. Besides, a flurry of experts predicts a potential dip for the crypto to $2 next, which has further fueled speculations in the market. In a recent analysis, top market expert EGRAG CRYPTO has highlighted key support zones for XRP price. According to him, XRP might retrace to $2, citing it as an “Equilibrium” level. However, despite the forecast, the expert remained bullish on the long-term trajectory of the coin. Source: EGRAG CRYPTO, X EGRAG CRYPTO noted that following a steep correction, Ripple’s native crypto is likely to target the $2.9 mark, following which it will likely rally to $3.3. In addition, once it breaches the $3.3 mark, XRP will target the brief $5 level next. This reflects the still bullish confidence of the expert towards Ripple’s native crypto. Experts Remain Bullish On XRP Trajectory XRP price today fell 10.3% and exchanged hands at $2.81, while its trading volume skyrocketed 225% to $10.25 billion. However, the Relative Strength Index (RSI) for the crypto stands at 50, signaling a neutral sentiment in the market. Notably, it appears that the traders are taking a cautious approach to the digital assets ahead of the Fed’s interest rate decision later this week. XRP Price Chart Meanwhile, despite the recent dip, top experts remained bullish on the future trajectory of…

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Filed under: News - @ January 27, 2025 12:24 pm