Ripple’s $125M Escrow Release Pressures XRP Price — Is More Downside Ahead?
Ripple’s recent release of $125 million worth of XRP from escrow has stirred market concerns, raising questions about potential price pressure. While such large token unlocks often lead to selling fears, XRP’s technical indicators suggest a more nuanced picture. This article examines the impact of the escrow move and whether XRP still holds growth potential—or if other altcoins might offer safer upside.
XRP Price Shows Potential for Growth Despite Recent Dip
XRP is trading between $2.92 and $3.61 today. Recently, it dipped a bit, showing a 5.67% loss over the past week. However, it climbed by 36.57% in the past month. With its current support around $2.59, it seems stable. If it climbs toward the resistance at $3.97, it could see an increase of around 30% from the current low. A further climb to the stronger resistance at $4.66 could mean a significant boost of over 50%. With an RSI below 40, it's not overbought, hinting at more room for growth. Watch these levels, as XRP has the potential for more upside if market conditions stay favorable.
Conclusion
Despite the weight of Ripple’s escrow release, XRP remains technically positioned for a potential rebound. With support holding and indicators signaling room to grow, the token could still rally if broader sentiment cooperates. While short-term volatility is likely, investors may find opportunities both in XRP and in alternative coins poised for gains amid shifting market dynamics.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Investment Disclaimer
