What to Know:
- $XRP is down 20% in the past month, but analysis reveals a path forward to $5.
- Ripple’s expansion in South Africa could bolster institutional adoption of $XRP.
- With 4 days left in the presale, $SNORT could follow $ XRP’s upward trend.
Ripple’s $XRP hasn’t had a great month, dropping 20%. The downturn comes as the rest of the crypto market fares little better; Bitcoin currently trades near $110,000, down 10% for the week.
But there’s every chance $XRP could drop further still, with one analyst seeing a plunge down to $2 even as major whales sell $XRP.
So why be optimistic about $XRP’s chances?
That’s because, despite the poor recent performance, technical indicators point to a favorable long position for savvy investors.
The path upward won’t be easy. However, recent presale success stories – such as Snorter Token ($SNORT) – indicate underlying strength in the broader cryptocurrency economy.
That strength could send $XRP sharply upwards in the near future.
Recent Market Conditions and Price Action
After a sharp correction, $XRP has managed to tread water, down only slightly in the past 24 hours. The token is testing resistance zones, though it has a ways to go before breaking through the $3 threshold.
This behavior occurs against the backdrop of a broader weakness in the cryptocurrency market, where volatility and macroeconomic headwinds have dampened investor appetite.
But that appetite hasn’t completely vanished: leading analysts remain strongly bullish on $XRP’s prospects long-term.
Recent moves by Ripple itself bolster that outlook.
Ripple’s Custody Expansion in Africa
Ripple’s newly announced partnership with Absa, one of South Africa’s leading financial institutions, underscores the growing global adoption of cryptocurrencies. Under this collaboration, Ripple will broaden its institutional-grade custody services in Africa.
The move could help bridge the gap between large capital holders and the $XRP ecosystem, another major win for the token’s long-term viability.
In the meantime, the technical outlook for $XRP includes key price points:
- Resistance: $2.75
- Upper support: $3.15 and $3.75
- Downturn: Below $1.00
- Upside: $5.20
Only time will tell with Ripple – but there’s another token that’s nearly ready to launch, which could increase in value by 100x overnight.
Snorter Token ($SNORT) – Presale Ends in 4 Days for Meme Coin Trading Mastery
With tens of thousands of meme coins launched every day on Solana alone, sorting the winners from the losers can feel like a game of random chance.
Snorter Token ($SNORT) takes the guesswork out of it, giving investors a chance to sniff out tomorrow’s winners today – long before they launch and reach mainstream exchanges.
That’s because Snorter Bot operates on Solana and Telegram, where low-cap meme coins launch underground and opportunities for major gains are easily overlooked.
Snorter provides:
- Fast swaps
- Automated sniping
- Honeypot and rugpull protection
- Limit orders
- Copy trading
In short, Snorter provides everything an investor needs to sort through the junk and find the low-cap gems with the best chance to go 10x, 100x, or even 1000x.
There’s not much time left on the Snorter presale. $SNORT will only be around at its final presale price of $0.1081 for the next 4 days.
That price could rise to $1.02 by the end of the year and even reach $1.50 by the end of the decade, providing gains of 843% and 1287% to investors who get in before it’s all over.
Don’t delay – learn how to buy $SNORT and see what the $4.8M presale is all about.
Visit the presale website for Snorter today.
The idea of XRP reaching $5 is compelling – and not without merit, given Ripple’s custody expansion and the optimistic technical analysis.
Both $XRP and $SNORT could defy the doubters and surge to new heights in the back half of the year.
As always, do your own research – this isn’t financial advice.
Authored by Aaron Walker for NewsBTC – https://www.newsbtc.com/news/xrp-predicted-to-hit-5-as-snorter-token-presale-ends-in-4-days
