Is XRP at a Critical Turn?

After rising to $3.65 on July 17th, XRP experienced a 10-11% correction due to a sell-off of approximately $140-175 million by the Ripple founder. The current trading price of ~$3.18 is an indicator of volatility.

However, open interest and trading volume in XRP futures have reached $10 billion+, and active buyers have begun to return. The prospect of a spot ETF, the close relationship with the SEC, and Wellgistics Health's SEC filing have revived the argument for XRP's viability.

While the annual decline in active addresses (44%) signals risk, technical indicators (RSI, volume, moving averages) suggest a potential breakout.

Analysts are considering a target range of $5-$10, with a target range of $13-$15 in Bitcoin-focused macro scenarios. Institutional interest, new projects, and the winds of regulatory reform make it time to intervene for XRP.

Take action now to evaluate your XRP investments with Gate.io Global!