Key Takeaways
- XRP can potentially revolutionize the tokenizing industry as investors closely monitor assets.
- XRP’s price trades above its 50-day and 200-day EMAs for the first time in months.
- Teucrium CEO remains bullish on XRP as a real-world asset with a true use case, as Bitcoin is a store of value.
XRP continues to make the rounds in the media following improved market price action in the last few days. The price of XRP has gained much speculation of a potential upside rally, with crypto investors and analysts speculating a rally towards $3 and above.
In a recent interview about XRP, Teucrium CEO Sal Gilbertie remained optimistic and bullish, stating, “Bitcoin is a store of value while XRP remains a real use case for the crypto industry.” This highlights the many institutions looking to leverage XRP in the coming months and years.
The potential of XRP to shape the real-world asset market or tokenization cannot be underestimated. This is a big talking point for many financial institutions and private investors looking to enter this promising market.
While XRP remains fundamentally strong and continues to grow, technically, its price has fallen short as it struggles to break above its key resistance, preventing it from rallying to the upside.
The price of XRP breaking out from a region of $2.5 could see a significant price rally from one of the most anticipated crypto altcoins that could become the best performer in the crypto market, as traders and investors strongly believe the crypto tokens have what it takes to hit new highs in the coming months.
XRP Technical Analysis For April 21-26
Source – XRP 1D Price Chart From TradingView
The price of XRP trades above the 50-day and 200-day EMAs (Exponential Moving Averages) for the first time in months. Price could attempt to break towards its high of $2.5 in the coming days or weeks, but it has demonstrated some strong price action, indicating that bulls are currently controlling the price.
The breakout for XRP bulls to the upside of $2.5 in the coming days could signal a blast-off for XRP towards a high of $3, which would mean strong bullish price action as traders and whales would want to jump on the price action of XRP.
If it trades above $3, XRP’s price has the potential to rally to $5. Traders and investors are keeping a close eye on XRP’s current price action following a strong bullish market sentiment across the cryptocurrency market.
