Ali Martinez, a well-known analyst, predicts that Ripple (XRP) may grow to $2.70. Referring to the formation of an inverted head and shoulders pattern on the price chart, he sees this cryptocurrency on the brink of transitioning from a downtrend to an uptrend. This pattern is a key indicator of upward movement in technical analysis. However, in the past 24 hours, Ripple’s price has decreased by 2.77% to $2.07. Alongside this prediction, Ripple network activity has significantly increased, boosting hopes for its future price. According to data published by the analyst, the number of active Ripple addresses has surged from 27,352 to 40,366, indicating a 67.5% growth on April 22. This increase reflects users’ increased interaction with the network and their growing inclination to buy and use this cryptocurrency. Bullish predictions for Ripple are not limited to this. Market analysts believe Ripple could rise to a price range of $3.75. In particular, Dark Defender believes that breaking key resistances and the Relative Strength Index (RSI) turning bullish can lead to significant long-term price growth for Ripple. Meanwhile, CoinBase has received approval from the Commodity Futures Trading Commission (CFTC) to launch future XRP trading, which could further increase institutional access to Ripple. You can view the live prices of all tokens and cryptocurrencies on the momentary price page of digital currencies.
