Along with altcoins that have fallen more sharply than Bitcoin (BTC)'s price correction, the total market capitalization of the cryptocurrency market has dropped below $4 trillion (approximately 5,560 trillion won) in the past 24 hours. Among this, several experts' analyses regarding XRP price fluctuations are drawing attention. Although the market has experienced a correction, certain technical analysts expect that XRP could show a significant upward trend in the medium to long term beyond the short-term adjustment.
Cryptocurrency analyst Ali Martinez recently projected in a chart analysis that XRP could rise to around $6 (approximately 8,340 won). He used Fibonacci extension lines as his analytical basis, with intermediate resistance levels at $4.17 (approximately 5,790 won), $4.63 (approximately 6,440 million won), and $5.01 (approximately 6,970 million won). He suggested the final extension point at $6.12 (approximately 8,510 million won).
Another analyst, CRYPTOWZRD, emphasized a more short-term technical flow. He stated, "Currently, there is volatility, and if it crosses $3.65 (approximately 50.8 million won) on the intraday chart, the next upward opportunity will open," viewing a strong support line at $3.4 (approximately 47.2 million won) and the next major resistance line at $4.6 (approximately 63.9 million won). Within the XRP community, optimistic views such as "XRP will reach $5 (approximately 69.5 million won) in the blink of an eye" are also emerging.
This positive market sentiment has several specific backgrounds. First, the legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple is essentially entering a concluding phase, which is acting as a favorable factor for investment sentiment. Ripple has withdrawn its own appeal, and the SEC is reportedly not taking any counter-measures. This is being interpreted as a signal that regulatory uncertainty regarding XRP is being resolved.
Moreover, Ripple is also riding the wave of a strict cryptocurrency policy shift within the United States. The GENIUS Act, the first national policy that provided a clear framework for the cryptocurrency industry during the Trump presidency, was passed, particularly providing a legal basis for the stablecoin market. Ripple accordingly launched RLUSD, a stablecoin pegged to the U.S. dollar, and designated BNY Mellon as its global custody partner. Currently, RLUSD's market capitalization is around $530 million (approximately 737 billion won).
Experts assess that if legal risks are removed in the future and the regulatory environment becomes clearer, XRP could be reevaluated not only from technical indicators but also from fundamental perspectives. Given its structure that could react most significantly during market rebounds, its future trajectory will be a key point of observation for investors.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
