XRP Price Eyes $4 As Binance Notes ATH Ripple Transactions 🚀💰
Will XRP price hit $4 especially as Ripple’s deposit transactions on Binance hits a record high ❓
The current Ripple price stands at $2.18, with an identified rebuy zone set at $1.9280, signaling an optimal entry point. Expert anticipates the next resistance level and target at $4, suggesting potential upside.
The crypto analyst chart illustrates a potential bounce at the $1.92 level that is a crucial area for buyers. This support level may act as the key level in the price trend with upward pressure expected to push the token to the next level. The current market shifts may well become the basis for a further advance.
♦️Surge in XRP Deposits on Binance Sparks Price Rally
A recent spike in XRP exchange deposits on Binance has been observed, correlating with a significant price increase. According to CryptoQuant The Ripple soared to $2.20 in DEC 2024. The influx of deposits marked one of the highest transaction counts in 2 years, exceeding 2 million transactions during the spike.
This movement suggests heightened trading activity and potential profit-taking by holders. Analysts believe the surge may indicate growing investor confidence in XRP. The event reflects crypto market trends where increased exchange inflows often precede significant price movements.
📈Conclusion
If bullish pressure sees a comeback, the XRP price forecast could soar above the $2.2 resistance level in the coming days, potentially reaching $4.
XRP’s strong activity signals potential for a significant rally amid challenging conditions in the crypto market.
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