Can Ripple (XRP) Outperform Pi Network and New Altcoins? This is XRP’s Key Level!
Jakarta, Pintu News – Ripple’s price recovery has shown positive signs, but there is still uncertainty compared to new coins such as Pi Network and Kaito. Despite the general downturn in the crypto market, XRP is trying to regain momentum. However, competition from new coins continues to challenge XRP’s market position.
XRP Price Recovery: A Comparison
The price of Ripple (XRP) appears sluggish despite a new rising market trend, struggling to gain traction. The token has recovered from a low of $2.15 and is now trading above $2.20, but still lacks a strong catalyst. Ripple (XRP) continues to show weak performance due to the SEC lawsuit uncertainty that maintains low market sentiment despite increasing bullish activity among new altcoins.
Legal uncertainty and competition from coins such as Pi Network and Kaito that are showing stronger momentum, make XRP’s price recovery more difficult. Binance’s decision on Pi and legal clarity on Ripple (XRP) will determine whether Ripple can outperform these rising tokens.
Technical Analysis and Key Levels of XRP
According to data from Coinglass, Ripple’s (XRP) price movement coincided with a 3.44% increase in options open interest, reaching $1.12 million. This signals increased market participation and higher speculative activity. Ripple (XRP) price remained above the $2.20 level despite persistent selling pressure. The Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart shows mild bullish momentum.
The MACD line is still slightly above the signal line. If the buying momentum picks up, the price of Ripple (XRP) could break above $2.50 and possibly pave the way for further upside, targeting the $3.00 level. However, if XRP drops below $2.20, the next major support lies near $2.00. A drop below this mark could increase selling pressure, pushing prices lower.
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Outlook and Future Predictions for XRP
Despite a visible price recovery, the future of Ripple (XRP) remains uncertain amid competition from Pi Network (PI) and KAITO. While Ripple is struggling near $2.20, Pi and KAITO are showing stronger momentum.
Binance’s decision on Pi and legal clarity on Ripple (XRP) will go a long way in determining whether Ripple can outperform these rising tokens. The crypto market is dynamic and full of new innovations that continue to provide challenges as well as opportunities. Investors and market watchers should keep a close eye on these developments to make informed investment decisions.
Conclusion
In the fast-changing crypto world, Ripple (XRP) must adapt and overcome legal challenges as well as competition from new coins to maintain its relevance. Upcoming decisions from regulators and market dynamics will largely determine the future price direction of XRP.
Also Read: Bitcoin (BTC) Trend Not Over? CryptoQuant CEO Analyzes!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.