Market analysts believe that Ripple (XRP) is currently in a phase called ‘Bermuda Triangle’ or a consolidation phase, showing no significant price fluctuations. According to Egrag Crypto, this phase often precedes a powerful growth and could potentially push the price of Ripple to $27. Despite a dip in mid-March, XRP has yet to resume its upward trend. During this period, the market is influenced by whales and major players who manipulate liquidity, shake off weak hands, and cause short-term fluctuations. Analysts caution that many new traders make emotional decisions due to despair and volatility, which can lead to losses. The best strategy in such conditions is to maintain composure and focus on the long-term perspective. Additionally, another analyst named Steph Is Crypto believes that XRP is testing resistance levels. His charts indicate a break of a descending wedge pattern and confirmation of a new uptrend. If this break is confirmed, the price of Ripple could first reach $4 and then higher targets. Currently, XRP is trading around $2.4, showing no significant change from the previous day. If the upward trend continues, a 66.7% growth and reaching $4 for Ripple is plausible. However, analysts emphasize that the speed and extent of growth depend on investors’ behavior and the overall market conditions. Visit the digital currencies’ real-time price page to monitor the live prices of all tokens and cryptocurrencies.
