Hope for XRP: Long -term investors are on course!

Von WOM

In the past few weeks, the mood and market conditions for Ripple, one of the best -known cryptocurrencies, have changed significantly. Despite a persistently volatile market situation, there is a growing confidence among long -term investors who have hope for price increases and possible profits for investors. This positive development could be the end of a long dry spell for the XRP.

Currently the price of XRP is around $ 0.62 and has exceeded the critical Fibonacci retracement line of $ 0.59. The main goal of investors remains the breakthrough of the resistance brand of $ 0.65, which is the decisive point in order to achieve higher price targets. Some market observers believe that if the general market conditions remain stable, XRP may overcome the 78.6 % line in the fourth quarter of 2024. However, if it remains that the course must stagnate under $ 0.65, this could endanger the short-term upward dynamics of cryptocurrency.

market analysis for XRP

An important indicator to evaluate the market mood is the relationship between market capitalization and the realized profits. The current MVRV value for XRP is 3.1 %. This indicates that the long -term owners (LTH) record profits, which reflects an optimistic market mood. If these investors keep their tokens, the probability of stabilizing the prices increases, which in turn could favor an upward trend.

In contrast, the negative values ​​for short -term owners (STH) show that there is a risk of falling courses. This group tends to take profits with them quickly and could therefore negatively influence the price if it begins to sell their shares. The lack of a dominant short -term investor group proves to be an advantage for XRP, as this reduces the risk of short -term sales pressure.

Nevertheless, the situation regarding the general market pulse remains mixed. While the recent increase in realized profits indicates that some investors secure profits, this trend could burden price development, unless the long -term owners postpone additional sales.

Overall, the support from the long -term owners could help keep the price of XRP stable, while the market participants remain careful. Uncertainty in the market forces dealers to adapt their strategies to the changing market conditions at the course of the XRP.

For more detailed information about XRP and its trade possibilities, interested parties can take a look at additional sources, such as in a current article on Fri.BeinCrypto.com .

Finally, the current market situation for XRP illustrates the opportunities and risks that investors have to take into account. A breakthrough over the $ 0.65 brand could drive the price to new heights, while lingering in the consolidation could possibly endanger the positive market development. The ongoing market observations and analyzes will show how Ripple will beat in the fourth quarter.

Liability exclusion

Liability exclusion: This article does not constitute financial or investment advice and is only based on information available at the time of publication. The authors advise investors to do their own research and obtain advice from experts before making decisions.