Instrumententafel Angst & Gier Bergbaubecken Geldbörsen Wörterbuch Werben Facebook Twitter Telegram Reddit Youtube
Marktkapitalisierung:
24h Vol:
Kryptowährungen: 13285
Märkte: 101961
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Marktkapitalisierung
24h Vol
13285
Kryptowährungen
62.63%
Bitcoin Aktie
CoinTelegraph 2025-05-16 13:20:00

XRP price path to $3.40 remains intact — Here is why

XRP price path to $3.40 remains intact — Here is why

Key takeaways: XRP price is forming a bullish V-shaped recovery pattern targeting $3.40. A 53% surge in open interest to $5.06 billion signals bullish sentiment. XRP ( XRP ) price shows positive signs as a bullish technical pattern emerges on its weekly chart, coinciding with increasing open interest. Increasing OI backs XRP upside XRP price is down 2% over the last 24 hours to trade above $2.40 on May 16, but has gained 13% over the past two weeks as the broader cryptocurrency market recovered and XRP open interest (OI) surged. The OI surged 53% from $3.61 billion to $5.53 billion between May 8 and May 14, before dropping slightly to $5.06 billion on May 16. Futures OI increasing alongside the price indicates bullish sentiment. XRP futures open interest. Source: CoinGlass Historically, significant increases in OI have preceded major rallies in XRP price. For example, the current scenario mirrors the XRP price pump in the run-up to US President Donald Trump’s inauguration in January, leading to a 70% rally from a low of $1.99 on Dec. 31, 2024, to a seven-year high of $3.40 on Jan. 16. Related: Is the XRP price rally over for now? While XRP funding rates have flipped positive, they remain relatively neutral, around 0.0065%, indicating balanced market sentiment despite growing speculation. XRP funding rates. Source: CoinGlass XRP price chart paints V-shaped recovery XRP’s price action has been forming a V-shaped recovery pattern on the weekly candle chart since mid-January, as shown below. A V-shaped recovery is a bullish pattern formed when an asset experiences a sharp price increase after a steep decline. It is completed when the price moves up to the resistance at the top of the V formation, also known as the neckline. XRP appears to be on such a trajectory, and bulls need to flip $2.60 back into support in order to increase the chances of the price rising to $3.00. Higher than that, the next logical move would be the neckline at $3.40 to complete the V-shaped pattern. This would represent a 40% increase from the current price. XRP/USD daily chart. Source: Cointelegraph/ TradingView The relative strength index, or RSI , has increased from 43 to 56 over the last six weeks, suggesting the bullish momentum is picking up. Several analysts have also predicted further gains for XRP, as long as key support levels hold. Crypto analyst Egrag Crypto shared an optimistic price prediction for XRP, saying that the breakout from a descending triangle in the daily timeframe could see XRP price retest the $3.40 zone. XRP/USD daily chart. Source: Egrag Crypto Market analyst Dom emphasized that XRP must hold $2.40, which sits above all its volume-weighted average prices (VWAPs) and all the major moving averages, to sustain a bullish continuation. XRP “saw a clear break of the VWAP bands earlier this week and pushed right to the value area high (VAH) where the price stalled,” the analyst said in his latest X analysis on X, adding: “For immediate structure to stay intact, we want to see bulls defend these.” XRP/USD six-hour chart. Source: Dom This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Meist gelesene Nachrichten

Moralis Money
Marktkapitalisierung
24h Vol
62.63%
Bitcoin Aktie
453
Heute Nachrichten
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen