XRP price has achieved great success recently, not only XRP – EREREUM, Dogoin and Bitcoin as well. Bitcoin is struggling to keep a $ 85,000 brand, a major support level. So, what causes this sale?
Some of the main factors in playing. First, the new definitions announced by President Trump caused market tensions, especially with new taxes in the auto industry. This uncertainty makes investors tense, which affects both traditional markets and cryptocurrencies such as XRP.
Another reason is the fear of potential stagnation, feeding inflation data and economic reports. Although fear of stagnation is not fully supported by the facts, it still affects the investor’s confidence. In addition, there is a lack of liquidity – which means that there is not enough money that flows to the markets, which makes prices more volatile.
XRP Price: What comes after that?
XRP was attracting a lot of attention recently, as experts tried to know where its price might go after that. Some believe that XRP can reach $ 10 and $ 11, but this has not been placed in the stone. One of the big factors to see is the potential approval of the ETF XRP, which can really shake things.
Evan Aldo encryption analyst A closer look at the XRP chart and said it was somewhat unusual. He believes that XRP may reach about $ 5.83 soon, which is the main price level. However, it is not expected to break $ 6 this year, and reaching $ 10 may be very ambitious.
Aldou also indicated that if XRP can exceed $ 3.30, the next goal may be about 5 dollars. It is important to understand that XRP has a history of staying flat for a period of time before jumping suddenly, so things may change quickly. At the time of the press, the XRP decreased more than 5 % and is traded at $ 2.14.
