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XRP Trading Near $2.78 as Community Predicts Price Targets
XRP is currently trading near $2.78, experiencing a 10% decline over the past week. This follows stronger performances earlier in the year.
Community Predicted Targets
- Social media discussions are active with predictions for XRP's price.
- Pumpius, a long-time Bitcoin investor, predicts XRP could reach $25 by 2026.
- Other predictions include $22 by December and nearer-term targets of at least $5.
- Some speculate prices above $30, linked to potential ETF flows.
ETF Interest And Market Flows
- Optimism about potential XRP ETFs is influencing high price forecasts.
- A CEO from Canary Capital suggests ETFs could attract billions in new investments.
- XRP experienced strong market periods in January and July, but momentum has since weakened.
Trading Behavior And On-Chain Signals
- XRP shows a lower dormancy rate compared to Bitcoin and Ethereum, indicating frequent use.
- This aligns with Ripple’s goal of making XRP a bridge asset for payments.
- Higher transaction activity does not guarantee a rise in price.
- Scarcity narratives through accumulation can support higher valuations.
Analysts are monitoring whether increased on-chain use will be accompanied by fresh buying pressure, potentially influencing long-term evaluations.