XRP price holds strong despite a slight dip in the last 24 hours, keeping investor confidence high. With new developments boosting adoption, analysts see bullish potential for XRP in the coming days.
At the time of writing, XRP is trading at $ 2.80 with a 24-hour trading volume of $ 8.18 billion and a market cap of $ 168.03 billion. The price of XRP decreased by -0.93% in the last 24 hours.
Crypto analyst KingXRP revealed a major announcement, stating that Bank of America has transferred all internal payments onto the XRP Ledger using XRP. The news, if strictly true, could be a giant step toward institutional approval of the digital currency.
At the same time, attention is turning to the REAL Token on the XRP Ledger. The project hopes to move the global property market of $654 trillion onto the blockchain through tokenization. Optimists believe that trillions in value will be unlocked to flow through the XRP network. Some predict that REAL Token itself, currently trading at a few cents, could one day reach nearly $1,000 if adoption increases.
Meanwhile, analyst BitMonty highlighted that XRP is showing strength above its breakout level, and technical charts indicate a clean weekly close. With continued momentum, the analyst envisions potential mid-level destinations at $3.00, $3.38, and $4.00, with a more substantial target at $4.67.
As the institutional adoption story and real-world use cases keep piling up, the story for XRP is gaining traction, and investors eagerly anticipate whether the current trend is sufficient to send prices into a new growth cycle.
Also Read | XRP Price Prediction: Is a Bullish Break Above $3.40 Coming Soon?
The Relative Strength Index of XRP is at 43.72, short of the neutral 44.35 level. The token is weak and bearishly biased. The buyers lack the strength to push momentum positively and keep XRP in a defensive trading area. Until the RSI crosses 50, upward strength may stay contained.
The MACD offers the blue line at -0.06275 against the signal at -0.05409, and the histogram at -0.00865. The bearish crossover means the continuation of selling momentum. Although the pressure is fading, XRP is looking for a bullish MACD to confirm a reversal.
Also Read | XRP Price Eyes $3 Recovery Amid Whale Selling and Weak Market Momentum
Also read: From Bearish LINK and Cautious HBAR to BlockDAG’s Upcoming Flagship Event: The Shift in Crypto Momentum