Moon or Doom: Where Does XRP Price Go Next? - Decrypt

Decrypt's analysis explores whether XRP will reach $4 or drop to $2, as traders remain divided on the cryptocurrency's direction after a recent 6.4% correction.

XRP sits at a critical $3 support level following hot inflation data that dampened rate cut expectations. Despite the pullback, prediction market users give XRP a 63.7% chance of hitting $4 versus 36.3% odds of falling to $2. Technical indicators paint a mixed picture, with the Relative Strength Index at neutral 48 and Average Directional Index at 28 confirming trend strength. While exponential moving averages remain bullish and the price holds above key support levels, massive whale outflows totaling nearly $6 billion since mid-July suggest potential downside pressure.

• RSI sits neutral at 48, indicating market equilibrium in a decision zone
• ADX at 28 confirms strong upward trend momentum despite recent volatility
• Bullish moving average stack supports continuation higher toward $4 target
• Whale distribution of 260 million tokens creates selling pressure risk near $2.80 support