Ripple’s leading token XRP dipped below the $1.95 mark this week indicating more weakness in the charts. The leading altcoin managed to rise above its weight and reclaim the $2 level. It is now hovering around the $2.2 range after experiencing a pullback in price on Tuesday. A springboard rise is bringing investors back into the fold expecting it to surge further and bring profits.
Also Read: The Britto Surge: What It Means For Global Ripple (XRP) Adoption
The Next Target for XRP Price
YouTuber CryptoInsightUK told his followers that XRP is currently in its final leg of corrective measures and might bottom out. He said that Ripple’s native token is “really flipping close” to completing its final leg of the downturn. The signal comes from the US stock market where Dow Jones defied all odds and surged more than 700 points in a week.
The surge came even after the US-Iran turmoil where prices were expected to dip but went north during the conflict. Bitcoin fell to the $101,000 level but quickly surged to the $106,000 range on Wednesday. BTC also pulled other leading cryptocurrencies along with it including Ripple’s XRP.
Also Read: Peter Brandt Predicts Huge XRP Rally as Ledger Hits 1.8M Transfers
Now that the market is seeing a recovery, the next price target for XRP stands at the $2.40 level. It needs to find support at these levels and maintain its upward trajectory to go above the $2.50 range. That’s a profit of nearly 15% from its current price where an investment of $1,000 could turn into $1,150.
After hitting the $2.50 mark, the next direction for XRP can be based on how it performs at those levels. A new problem would arise in July as Trump’s 90-day pause on tariffs could come to an end. Whether he will extend the pause or make the tariffs a norm, will be known next month. Until then, it is best to stay invested and book profits when XRP hits the $2.50 range.