"Ripple (XRP) will face a great struggle"

Ripple (XRP), which managed to surpass 1 dollar after three years, may need to solidify its position in the coming days.

XRP, one of the most popular altcoins in the crypto industry, has surpassed $1 for the first time since 2021. The rise on November 16th excited crypto investors. Many investors speculated that XRP would reach $10.

AMBCrypto claimed in its XRP analysis that the bullish cycle could come to an end. The analysis, titled "The real test is coming now", touches on circulating supply and meme coin frenzy.

Can Ripple (XRP) continue its rise?

According to the XRP analysis prepared by AMBCrypto, bulls will need to maintain the $1 level as a support point. If this level is lost, the price could sharply decline.

The analysis included the following statements;

Although the outlook for XRP is promising, the price needs to stabilize. Patience and caution are required.

Analysis highlighted that one of the biggest obstacles to XRP's rise is meme coins. In every bull cycle, meme coins that attract new investors take precedence over major altcoins. Meme coins consistently rank among the top gainers of the day.

The analysis, which indicates that XRP will face a great struggle, recorded the following;

"Considering market sensitivity, XRP may need to wait a little longer to reach $2."

It has been suggested that short-term traders in XRP may start taking profits and a drop may be seen if the momentum cannot be maintained.

Critical Turn for XRP

According to XRP Ledger data, XRP supply has been steadily increasing at the beginning of this month. XRP supply on centralized exchanges has risen from 3.105 billion XRP to 3.273 billion XRP in the last two weeks, representing a nearly 5.41% increase in supply and indicating selling pressure on the popular altcoin.

AMBCrypto, stating that XRP slowed down after exceeding 1 dollar, said;

"Data shows that investors who are wary of Bitcoin entering a risky zone strategically move away from riskier assets."

According to the analysis, if the XRP price holds at 1 dollar, a rise towards 1.15 dollars can be seen. This rise could occur with the erosion of profit sales in the 1 dollar zone. Indeed, if XRP can regain the 1.15 dollar level, it may touch the all-time high of 1.2698 dollars.

This article does not contain investment advice or recommendations. Every investment and trading activity carries risk, and readers should conduct their own research when making decisions.