XRPUSDT is currently trading at $3.20, which places it 14% away from reaching its ATH of $3.66. The support at $3.38 is crucial, and securing it could lead to further gains.XRPUSDT has been seeing significant inflows in the past three days. Over 163 million XRP, worth around $519 million, have been accumulated by investors. This buying surge suggests that a wave of optimism is returning to the market, signaling that investors are positioning themselves for a potential price increase.If
XRPUSDT can reclaim support at $3.38, it will be well-positioned to push past its ATH and reach new highs. This would mark a significant milestone for the altcoin, setting the stage for further price gains.However, should the investor sentiment shift and selling pressure increase,
XRPUSDT could face a decline. If the price falls below $3.00, it could slide to $2.96 or lower, invalidating the bullish thesis.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.