XRP is showing signs of a potential rebound toward $5, with increasing investment from institutions indicating a positive outlook.

XRP Price Correction and Support

XRP experienced a significant price correction of over 40% recently, triggered by U.S.-China tariff shocks. The price fell to around $1.77 before stabilizing at approximately $2.30, a key support zone. Technical indicators suggest XRP broke below a bullish formation, currently trading below its 100-day SMA, but lower wicks on daily candles indicate fresh buying pressure.

Institutional Accumulation and Recovery Potential

Despite the short-term weakness, market data reveals robust institutional accumulation of XRP at these support levels. This behavior historically precedes significant rallies in Ripple’s native token and suggests a potential turnaround. Optimism surrounding a possible XRP ETF approval by the U.S. SEC is also bolstering investor sentiment.

MAGACOIN FINANCE as an Alternative

Investors are exploring alternative opportunities like MAGACOIN FINANCE, a fast-growing presale project that has surpassed $15 million in funding. Built on Ethereum, MAGACOIN FINANCE offers transparency and flexibility. Analysts are comparing its presale momentum to previous high-growth altcoins, projecting potential post-listing gains of 20x–100x.