XRP Price Slides 10% Amid Rising On-Chain Activity And Whale Transactions; Key Supports In Focus
XRP price has shown high volatility, dropping nearly 10% in 24 hours. Despite this, Santiment highlights XRP Ledger's strong performance due to increased on-chain activity and major transactions. Ripple's $10 million allocation for tokenized US Treasury bills on XRPL has contributed to bullish sentiment. Analysts are divided on short-term outlook but remain bullish on long-term targets, with projections ranging from $2.5 to potentially $482.48. XRP's price is currently at a critical juncture, with key support levels needing to hold to resume positive momentum. The current price is $0.5739, with the first major support at $0.5650. Breaching this could lead to a sharper downturn towards $0.5657 and potentially down to $0.5400, a crucial support level. Holding above these levels will be crucial for XRP's near-term trajectory.
