XRP’s (CRYPTO: XRP) has rallied 44% over the past month, but traders suggest a short-term dip may be on the cards before another move upward.
Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
XRP | (CRYPTO: XRP) | $3.13 | $185.8 billion | -3.5% |
Bitcoin | (CRYPTO: BTC) | $117,765.57 | $2.3 trillion | -0.02% |
Ethereum | (CRYPTO: ETH) | $3,793.48 | $457.8 billion | -5.9% |
Trader Notes: Crypto analyst Crypto Bully pointed out that XRP was the only major altcoin to hit new all-time highs alongside Bitcoin in the recent rally.
Despite ongoing founder wallet sell-offs—with over $10 million in XRP still held—retail investors appear undeterred, maintaining strong conviction in spot positions.
The trader anticipates a sweep of local lows, with a potential dip below $3 serving as a high-reward entry point.
A close beneath this demand zone would shift …