时间：2024-03-20|浏览：223
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XRP Coin Review
The negative impact on BTC prices and the starting price of XRP coins at $0.74 pushed it closer to the expected target. We wrote that it was losing momentum at $0.74 and could gradually drop to $0.68 and $0.58. As BTC prices collapse, we see that the XRP coin has pulled towards support levels faster than expected.
Investors are now counting the days to the end of this narrow range, a price area that is well known. As the first quarter of 2024 comes to an end, the ongoing battle with the SEC cannot end. Worse, the possibility of an SEC victory in the class appeals process is denting investors' long-term optimism.
The increase in circulating supply also necessitates that the XRP coin’s market cap must exceed its 2021 peak for the price to reach $2. Based on current circulating supply, a market value of approximately $1.35 per unit is feasible.
Coming back to price, the targets on the weekly chart shared above are current. The price has moved back to the parallel channel support, and a close below this support could trigger new lows between $0.54 and $0.48. Below this, support lies at $0.46-$0.47.
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