"XRP, maintaining strong momentum…could surpass 5000 won"

Uk Jin

Summary

"It was reported that XRP(XRP) is experiencing strong upward momentum, and that it could potentially break through 5000 won."
"Multiple analysts said that XRP(XRP) is trading within an ascending channel, and that the current price range could be a buying zone."
"It was analyzed that if the short-term resistance at 2.64 dollars is broken, a third upswing could begin."

Analysis suggests XRP(XRP) is experiencing strong upward momentum. It is forecast that it could even break through 5000 won.

As of the 28th (Korean time) at 11:43 AM, XRP is trading at 3903 won on domestic virtual asset (cryptocurrency) exchange Upbit, up 0.13% from the previous day.

Although it was flat that day, the prevailing view is that the long-term outlook is positive. According to crypto-specialized media Block News, multiple analysts predicted strength for XRP. Crypto Pulse analyzed, "XRP is trading within an ascending channel, and the current price is located at the lower end of the channel, a zone where early buyers tend to gather." It added, "If this pattern holds, XRP could rise to 3.70 dollars (about 5300 won) or 3.80 dollars (about 5500 won) within the next few weeks."

Another analyst, Man of Bitcoin, also said, "XRP is experiencing resistance at 2.64 dollars in the short term, and if it breaks this level, the current uptrend could continue and surpass 2.88," adding, "This zone could be the starting point of the third upswing."

XRP