XRP Price Prediction: Will the Bloodbath Continue or Will Bulls Finally Reclaim the Lost Levels?

XRP price is trading without any major variation, suggesting a huge drop in volatility with less participation of bulls and bears

XRP price showcases no signs of volatility as the markets display a dull trade. With the monthly trade set to close soon, the bulls are expected to showcase their strength to uplift the tokens from bearish influence. However, the XRP price may close the monthly trade on a bearish note.

After a notable recovery in the crypto space, the markets are heading towards the closure of the monthly trade. But, the fear of another bearish wave still haunts the traders as the BTC price fails to surpass the crucial resistance. Moreover, the XRP price, which had earlierを目指して撃つ to close the monthly trade above $0.7, now showcases a different picture.

Despite the dull trade, XRP price may showcase a notable move in either direction as the monthly trade closure attracts huge attention from the traders. Here’s how the XRP price is expected to perform for the rest of 2024.

XRP Price Analysis for August Closure

The crypto markets had earlier 経験済み a bullish August as the BTC price surged past the crucial resistance. Moreover, several tokens like LINK, MATIC, and SAND surged over 100% in a month’s time. However, the XRP price failed to showcase any impressive gains as the SEC lawsuit battered the token throughout 2023.

Despite the dull trade, XRP price may showcase a notable move in either direction as the monthly trade closure attracts huge attention from the traders

The XRP price, after a dull trade in the first half of 2024, began to showcase some bullish signs as the SEC lawsuit progressed. Moreover, the token price surged past the crucial resistance at $0.5 and headed towards the next target of $0.65. However, the bears defended the upper levels strongly and began to drag the XRP price down.

Currently, the XRP price is feared to close the monthly trade below $0.6, which may drag the price lower in the coming days. However, if the bulls showcase strength and uplift the XRP price above $0.6, we may witness another leg up towards the next resistanceを目指して撃つ at $0.7.

Collectively, the XRP price may showcase a dull trade for the rest of 2024 as the SEC lawsuit and the bear market continue to batter the token. However, the XRP price is expected to showcase some bullish signs towards the Q3 closure, which may uplift the token and prepare it for a bullish 2025.

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