What you need to know:
$XRP has fallen 20% over the past month, but analysis reveals a path to $5. Ripple’s expansion in South Africa could drive institutional adoption of $XRP. With only 4 days left in the pre-sale, $SNORT could follow the uptrend of $XRP.
Ripple's $XRP fell 20% and it wasn't a great month. The downturn comes when the rest of the cryptocurrency market is doing a little better. Bitcoin is currently trading near $110,000, down 10% for the week.
So why be optimistic about $XRP's potential?
Despite the recent poor performance, technical indicators point to favorable long positions for prudent investors.
The path to the top will not be easy. However, recent presale success stories such as Snorter Token ($SNORT) demonstrate the fundamental strength of the broader cryptocurrency. economy.
This strength could cause XRP to skyrocket in the near future.
Recent market conditions and price movements
After a sharp correction, $XRP managed to escape with only a slight decline over the past 24 hours. The token is testing a resistance zone but still has a long way to go before breaking through the $3 threshold.
The move comes against the backdrop of a broader downturn in the crypto market, where volatility and macroeconomic headwinds have dampened investor appetite.
However, that appetite has not completely disappeared, and leading analysts remain strongly bullish on $XRP's long-term prospects.
Recent moves by Ripple itself support that outlook.
Ripple’s custody expansion in Africa
Ripple's newly announced partnership with Absa, one of South Africa's leading financial institutions, highlights the growing global adoption of cryptocurrencies. Under this partnership, Ripple will expand its institutional-grade storage services in Africa.
This move could help bridge the gap between large capital holders and the $XRP ecosystem, and is another major win for the long-term viability of the token.
In the meantime, $XRP's technical outlook includes key price points.
Resistance: $2.75 Upside Support: $3.15 and $3.75 Downside: Below $1.00 Upside: $5.20
Only time will tell for Ripple, but there is another token that is almost ready to launch and its value could increase 100x overnight.
Snorter Token ($SNORT) – Meme Coin Trading Mastery presale ends in 4 days
With tens of thousands of meme coins minted every day on Solana alone, picking winners and losers can feel like a game of chance.
Snorter Token ($SNORT) eliminates the guesswork and gives investors the opportunity to launch and sniff out tomorrow's winners today, long before they reach mainstream exchanges.
That's because Snorter Bot operates on Solana and Telegram, where low-cap meme coins are launched underground and opportunities for big gains are easily overlooked.
Snorter offers:
Fast swaps Automatic sniping Honeypot and lag pull protection Limit orders Copy trading
In short, Snorter provides everything investors need to sift through the junk and find the low-priced gems that are most likely to go up 10x, 100x, or even 1000x.
There's not much time left in the Snorter presale. $SNORT will only exist for the next 4 days at the final pre-sale price of $0.1081.
Its price will rise to $1.02 by the end of the year and could reach $1.50 by the end of the decade, giving investors who put in before it's all over with returns of 843% and 1287%.
No need to delay – learn how to buy $SNORT and check out our $4.8 million pre-sale deal.
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The idea of XRP reaching $5 is compelling, but it's not without merit given Ripple's increased custody and optimistic technical analysis.
Both $XRP and $SNORT could defy doubts and soar to new heights later this year.
As always, do your own research. This is not financial advice.
Written by Aaron Walker for NewsBTC – https://www.newsbtc.com/news/xrp-predicted-to-hit-5-as-snorter-token-presale-ends-in-4-days
