XRP price is up over 25% and moving higher above the $1.00 support zone. The price could accelerate higher if it clears the $1.1380 resistance zone. XRP price started a strong increase above the $0.880 resistance. The price is now trading above $1.00 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $1.050 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $1.00 support zone. XRP Price Rallies Over 50% XRP price remained supported above the $0.700 level. It formed a base and started a strong increase above $0.8800. It outperformed Bitcoin and Ethereum and surged over 50%. The price even climbed above the $1.00 level before the bears appeared. A high was formed at $1.2747 before there was a pullback. The price dipped below $1.150 and tested $1.100. It tested the $1.00 support. A low was formed at $0.9988 and the price is now rising. There was a move above the $1.050 resistance. Besides, there was a break above a connecting bearish trend line with resistance at $1.050 on the hourly chart of the XRP/USD pair. The price is now trading above $1.050 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.1380 level. It is close to the 50% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. The first major resistance is near the $1.200 level and the 76.4% Fib retracement level of the downward move from the $1.2747 swing high to the $0.9988 low. The next key resistance could be $1.250. A clear move above the $1.250 resistance might send the price toward the $1.320 resistance. Any more gains might send the price toward the $1.3850 resistance or even $1.40 in the near term. The next major hurdle might be $1.50. Are Dips Limited? If XRP fails to clear the $1.1380 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.050 level. The next major support is near the $1.00 level. If there is a downside break and a close below the $1.00 level, the price might continue to decline toward the $0.9320 support in the near term. The next major support sits near the $0.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.0500 and $1.0000. Major Resistance Levels – $1.1380 and $1.2000.
The price of XRP has moved above $1, entering a price zone last seen in 2021. Amidst the general crypto surge, the prominent altcoin is undergoing a remarkable price rally resulting in 104.59% surge over the last seven days. As it stands, XRP appears to be shooting for the stars with analysts now strongly bullish on how high the token can go. Related Reading: XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst XRP ‘Kaboom’ Confirmed – Here’s Price Path To $32 In an X post on November 16, market analyst EGRAG CRYPTO shared a positive prediction on XRP in regard to market cap following recent gains. EGRAG Crypto noted that XRP’s market cap is closing above the Fibonacci level of 0.702 which corresponds to $51.35 billion, and has recently reached the Fibonacci level of 0.786, which represents $60.06 billion. Importantly, the coin is also breaking past an ascending trendline that stretches back to 2017, which all presents a super bullish signal that will initiate a series of significant price explosions. According to the analyst, if the XRP monthly candle closes above the Fibonacci level of 0.786, it will confirm an ascent to the Fibonacci level of 1.618 at which the crypto will attain total market shares of $283.42 billion. In regards to price action, the current supply of 57 billion XRP indicates a potential price target of $4.96 if this market cap is achieved. However, as earlier stated, XRP’s recent price rally has ignited a strong bullish signal that is to result in a cascade of price surges. Therefore, EGRAG Crypto has projected multiple Fibonacci level targets for XRP market cap, with the attainment of each one, a confirmation of the next. Following a successful climb to the Fibonacci level of 1.618, future targets by EGRAG are levels 2.0, 2.272, and 2.618, at which XRP is expected to have market cap values of $577.86 billion, $959.66 billion, and $1.83 trillion. These market shares will correspond to prices of $10.13, $16.83, and $32.11, respectively. Related Reading: Bitcoin NVT Golden Cross Signals ‘Local Bottom’ — What’s Next? XRP Market Cap Hits $65 Billion, Becomes 6th Largest Crypto According to data from CoinMarketCap, XRP’s market cap is now valued at $65.24 billion, reflecting a 26.51% gain in the past day. Notably, the altcoin has also flipped DOGE to become the sixth-largest cryptocurrency amidst the recent price gain. XRP began gaining aggressively on November 15, price increase after SEC Chair Gary Gensler hinted at a possible resignation which may spell some good news in the Commission’s ongoing case with Ripple. These gains have been further strengthened by a massive buying spree by the XRP whales who are eyeing larger future gains. At the time of writing, XRP trades at $1.10. Meanwhile, the asset’s daily trading volume has increased by 104.46% and is valued at $23.13 billion. Featured image from CryptoRank, chart from Tradingview
According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin’s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase. Following this price surge, a crypto analyst with X username BarriC has provided some interesting predictions on XRP’s future. Related Reading: XRP Ledger Booms: $44 Million In Transactions As Activity Soars XRP To Reach $10 In Bull Market, But There’s More In an X post on November 15, BarriC released several price targets for XRP tied to certain conditions. Firstly, the analyst forecasted XRP to attain a market price between $6-$10 in the crypto bull run, representing a minimum potential 500% gain on the token’s present price. These high expectations by BarriC are rather not uncommon due to several factors especially Donald Trump’s recent electoral victory which is expected to usher in a crypto-friendly US government. For XRP, the Republican President sticking to his electoral crypto manifesto holds massive importance as it may bring a decisive end to the legal battle between Ripple and the SEC, and permanently halt the regulatory uncertainty over the token. In addition, Trump’s presidency also boosts the possibility of the XRP spot ETF with the SEC expected to present fewer regulatory hurdles for crypto-linked securities. Following approval, BarriC postulates a spot ETF can drive the altcoin to a market price of $15-$20 if approval comes amidst the bull market run. Furthermore, the analyst discusses a utility run during which the altcoin will undergo massive adoption in its use for cross-border transactions and as an institutional bridge cryptocurrency for banks. If the utility run occurs as predicted with global adoption levels of XRP, BarriC forecasts the altcoin to attain a minimal price of $100. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest Market Whales Boost Holdings By 320 Million XRP In other news, whales in the XRP market have acquired over 320 million XRP, valued at $285 million, in the last 72 hours amidst the token’s recent price surge. The coin rose from around $0.69 to reach a local peak of $0.92 as rumors of Gary Gensler’s resignation as SEC chairman circulated on media spaces. While the altcoin has recorded a slight price decline of 1.2% in the past hour, the massive purchase by whales indicates a belief in the asset for long-term profitability. At the time of writing. XRP trades at 0.89, with his market cap value now above $50 billion. In tandem, the token’s trading volume is up by 24.71% and valued at $11.75 billion. Featured image from StormGain, chart from Tradingview
Investors’ interest in XRP is surging immensely following the recent growing optimistic sentiment in the market, as seen by a massive accumulation of digital assets by whales, also known as large investors, indicating extreme confidence in the altcoin’s potential. Large Investors Holdings Hits Unprecedented Level XRP whales are making headlines as the number of wallets with at least […]
The XRP price has just had its biggest 24-hour surge in years to reach its highest level in over two years. Particularly, XRP surged by about 22% in a few hours to reach $0.8386. This intriguing surge has brought into focus XRP’s potential to challenge the narrative of it being dead. Ironically, this XRP surge […]
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.7240 support zone. XRP Price Gains Strength XRP price remained supported above the $0.620 level. It formed a base and started a strong increase above $0.7000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.740 resistance. The price even climbed above the $0.850 level before the bears appeared. A high was formed at $0.8989 before there was a pullback. The price dipped below $0.820 and tested $0.720. It tested the 61.8% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.740 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. On the upside, the price might face resistance near the $0.8450 level. The first major resistance is near the $0.8880 level. The next key resistance could be $0.900. A clear move above the $0.900 resistance might send the price toward the $0.9250 resistance. Any more gains might send the price toward the $0.9550 resistance or even $0.9620 in the near term. The next major hurdle might be $0.9850. Are Dips Limited? If XRP fails to clear the $0.8450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.80 level. The next major support is near the $0.7550 level. If there is a downside break and a close below the $0.7550 level, the price might continue to decline toward the $0.740 support in the near term. The next major support sits near the $0.7240 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.8000 and $0.7550. Major Resistance Levels – $0.8450 and $0.8880.
Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price Hits Support Ethereum price failed to extend gains above the $3,450 zone and started a downside correction like Bitcoin. ETH declined below the $3,320 and $3,250 support levels. The bears even pushed the price below the $3,120 zone. It tested the $3,000 support zone. A low was formed at $3,031 and the price is now consolidating losses. It might soon test the 23.6% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,200 level. There is also a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD. The main resistance is now forming near $3,265 or the 76.4% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. A clear move above the $3,265 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,200 resistance, it could continue to move down. Initial support on the downside is near the $3,040 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,950. Any more losses might send the price toward the $2,880 support level in the near term. The next key support sits at $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,200
XRP price is slowly moving higher above the $0.6320 support zone. The price tested the $0.7450 zone and is currently correcting gains. XRP price started a decent increase above the $0.6320 resistance. The price is now trading above $0.6450 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6160 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.600 level. It formed a base and started a fresh increase above $0.6200. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.6320 resistance. The price even climbed above the $0.7320 level before the bears appeared. A high was formed at $0.7488 before there was a pullback. The price dipped below $0.7200 and tested $0.700. It tested the 50% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. The price is now trading above $0.6320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6280 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.7220 level. The first major resistance is near the $0.7480 level. The next key resistance could be $0.7550. A clear move above the $0.7550 resistance might send the price toward the $0.7780 resistance. Any more gains might send the price toward the $0.7950 resistance or even $0.800 in the near term. The next major hurdle might be $0.8220. Another Drop? If XRP fails to clear the $0.7220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6820 level. The next major support is near the $0.6670 level and the 76.4% Fib retracement level of the upward move from the $0.6419 swing low to the $0.7488 high. If there is a downside break and a close below the $0.6670 level, the price might continue to decline toward the $0.6160 support in the near term. The next major support sits near the $0.600 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.6820 and $0.6670. Major Resistance Levels – $0.7220 and $0.7450.
XRP price is up over 10% and moving higher above the $0.620 support zone. The price tested the $0.740 zone and is currently correcting gains. XRP price started a decent increase above the $0.620 resistance. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.6200 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.5850 level. It formed a base and started a fresh increase above $0.6000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.650 resistance. The price even climbed above the $0.70 level before the bears appeared. A high was formed at $0.740 before there was a pullback. It dipped below $0.7200 and tested $0.700. The price traded toward the 50% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.6180 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6063 swing low to the $0.7400 high. On the upside, the price might face resistance near the $0.700 level. The first major resistance is near the $0.7080 level. The next key resistance could be $0.7250. A clear move above the $0.7250 resistance might send the price toward the $0.740 resistance. Any more gains might send the price toward the $0.7550 resistance or even $0.7650 in the near term. The next major hurdle might be $0.780. Another Drop? If XRP fails to clear the $0.7080 resistance zone, it could start another decline. Initial support on the downside is near the $0.6750 level. The next major support is near the $0.6250 level and the trend line. If there is a downside break and a close below the $0.6250 level, the price might continue to decline toward the $0.6050 support in the near term. The next major support sits near the $0.600 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.6750 and $0.6250. Major Resistance Levels – $0.7080 and $0.7250.
XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains. XRP price is struggling to gain pace like Bitcoin. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5700 support zone. XRP Price Holds Support XRP price remained supported above the $0.5550 level. It formed a base and started a fresh increase above $0.5800, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.6150 and $0.62200 resistance levels. The bulls even pushed the price above the $0.6300 level before the bears appeared. A high was formed at $0.6336 before there was a pullback. The price dipped below $0.6220 and tested $0.6150. It tested the 50% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. On the upside, the price might face resistance near the $0.6150 level. The first major resistance is near the $0.6220 level. The next key resistance could be $0.6350. A clear move above the $0.6350 resistance might send the price toward the $0.6465 resistance. Any more gains might send the price toward the $0.6550 resistance or even $0.6720 in the near term. The next major hurdle might be $0.6880. Another Drop? If XRP fails to clear the $0.6150 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 level. The next major support is near the $0.5940 level and the trend line. If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5700 support in the near term. The next major support sits near the $0.5550 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5980 and $0.5940. Major Resistance Levels – $0.6150 and $0.6350.
XRP price gained pace for a move above the $0.5800 support zone. The price rallied toward $0.6150 resistance and recently corrected gains. XRP price is struggling to rise steadily like Bitcoin. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5780 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it stays above the $0.5720 support zone. XRP Price Eyes More Gains XRP price remained supported above the $0.5250 level. It formed a base and started a fresh increase above $0.5550, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.5850 and $0.6000 resistance levels. The bulls even pushed the price above the $0.6050 level before the bears appeared. A high was formed at $0.6162 before there was a pullback. The price dipped below $0.600 and tested $0.5640. A low was formed at $0.6162 and the price is now attempting a fresh increase. There was a move above the $0.580 resistance. The price surpassed the 50% Fib retracement level of the recent decline from the $0.6162 swing high to the $0.5630 low. The price is now trading above $0.580 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5780 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5950 level or the 61.8% Fib retracement level of the recent decline from the $0.6162 swing high to the $0.5630 low. The first major resistance is near the $0.6040 level. The next key resistance could be $0.6150. A clear move above the $0.6150 resistance might send the price toward the $0.6220 resistance. Any more gains might send the price toward the $0.6350 resistance or even $0.6420 in the near term. The next major hurdle might be $0.6500. Another Decline? If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.5820 level. The next major support is near the $0.5780 level and the trend line. If there is a downside break and a close below the $0.5780 level, the price might continue to decline toward the $0.5650 support in the near term. The next major support sits near the $0.5500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5820 and $0.5780. Major Resistance Levels – $0.6000 and $0.6150.
XRP price gained pace for a move above the $0.5500 support zone. The price rallied toward $0.5780 resistance and then quickly faded most gains. XRP price is losing pace above the $0.5500 zone. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it stays above the $0.5250 support zone. XRP Price Eyes More Upsides XRP price remained supported above the $0.5150 level. It formed a base and started a fresh increase above $0.5250 like Bitcoin and Ethereum. There was a move above the $0.5350 and $0.5500 resistance levels. The bulls even pushed the price above the $0.5650 level before the bears appeared. A high is formed at $0.5758 and the price is correcting gains. There was a move below the $0.5650 support. It dipped below the 23.6% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5758 high. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5360 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5758 high. On the upside, the price might face resistance near the $0.5600 level. The first major resistance is near the $0.5650 level. The next key resistance could be $0.5780. A clear move above the $0.5780 resistance might send the price toward the $0.5880 resistance. Any more gains might send the price toward the $0.5920 resistance or even $0.6000 in the near term. The next major hurdle might be $0.6200. More Losses? If XRP fails to clear the $0.5650 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5450 level. The next major support is near the $0.5360 level and the trend line. If there is a downside break and a close below the $0.5360 level, the price might continue to decline toward the $0.5250 support in the near term. The next major support sits near the $0.5120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5450 and $0.5360. Major Resistance Levels – $0.5600 and $0.5650.
XRP price is gaining pace above the $0.5350 support zone. The price is rising and might even aim for a move above the $0.5650 resistance. XRP price is gaining pace above the $0.5350 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5550 resistance zone. XRP Price Gains Strength XRP price remained supported above the $0.5050 level. It formed a base and started a fresh increase above $0.5150 like Bitcoin and Ethereum. There was a move above the $0.5320 and $0.5350 resistance levels. The bulls even pushed the price above the $0.5500 barrier. A high is formed at $0.5580 and the price is now eyeing more gains. It is stable above the 23.6% Fib retracement level of the upward move from the $0.5267 swing low to the $0.5580 high. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5580 level. The first major resistance is near the $0.5650 level. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5920 in the near term. The next major hurdle might be $0.6000. Are Dips Supported? If XRP fails to clear the $0.5580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5500 level. The next major support is near the $0.5450 level and the trend line. If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5350 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5450 and $0.5350. Major Resistance Levels – $0.5580 and $0.5650.
XRP price is gaining pace above the $0.5050 support zone. The price is rising and might even aim for a move above the $0.5500 resistance. XRP price is eyeing a decent increase above the $0.5250 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5350 resistance zone. XRP Price Climbs 4% XRP price remained supported above the $0.4880 level. It formed a base and started a fresh increase above $0.5050 like Bitcoin and Ethereum. There was a move above the $0.5120 and $0.5200 resistance levels. There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP/USD pair. Finally, it tested the $0.5365 zone. A high is formed at $0.5368 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level. The first major resistance is near the $0.5365 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5665 resistance or even $0.5720 in the near term. The next major hurdle might be $0.5840. Another Decline? If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5250 level. The next major support is near the $0.5155 level or the 50% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high. If there is a downside break and a close below the $0.5155 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5250 and $0.5155. Major Resistance Levels – $0.5350 and $0.5500.
XRP price is holding the $0.500 support zone. The price is consolidating and aiming for a fresh increase while Bitcoin is trimming gains. XRP price is eyeing a decent increase above the $0.5100 zone. The price is now trading below $0.5095 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $0.5090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5135 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5000 support zone. The price even declined below $0.4980 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4948 and the price started a fresh increase. There was a move above the $0.4985 and $0.500 resistance levels. It cleared the 50% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5065 level or the 61.8% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The first major resistance is near the $0.5090 level. The next key resistance could be $0.5135. A clear move above the $0.5135 resistance might send the price toward the $0.5200 resistance. Any more gains might send the price toward the $0.5250 resistance or even $0.5265 in the near term. The next major hurdle might be $0.5350. Another Decline? If XRP fails to clear the $0.5090 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4880 support in the near term. The next major support sits near the $0.4740 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5090 and $0.5135.
XRP price is holding the $0.500 support zone. The price is beating Bitcoin and might aim for a move above the $0.5120 resistance. XRP price is eyeing a decent increase above the $0.5120 zone. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5120 resistance zone. XRP Price Eyes Steady Increase XRP price extended losses below the $0.5050 support zone. The price even declined below $0.5020 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4921 and the price started a fresh increase. There was a move above the $0.4980 and $0.500 resistance levels. It cleared the 23.6% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.5020 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5080 level or the 50% Fib retracement level of the downward move from the $0.5236 swing high to the $0.4921 low. The first major resistance is near the $0.5120 level. The next key resistance could be $0.5160. A clear move above the $0.5160 resistance might send the price toward the $0.5250 resistance. Any more gains might send the price toward the $0.5320 resistance or even $0.5350 in the near term. The next major hurdle might be $0.550. Another Decline? If XRP fails to clear the $0.5080 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4920 support in the near term. The next major support sits near the $0.4880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5080 and $0.5120.
XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance. XRP price is eyeing more gains above the $0.5250 zone. The price is now trading below $0.5200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5185 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5200 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5120 support zone. The price even declined below $0.5050 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.5025 and the price started a fresh increase. There was a move above the $0.5050 and $0.5120 resistance levels. It cleared the 50% Fib retracement level of the downward move from the $0.5307 swing high to the $0.5025 low. Besides, there was a break above a key bearish trend line with resistance at $0.5185 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5200 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5200 level or the 61.8% Fib retracement level of the downward move from the $0.5307 swing high to the $0.5025 low. The first major resistance is near the $0.5240 level. The next key resistance could be $0.5300. A clear move above the $0.5300 resistance might send the price toward the $0.5350 resistance. Any more gains might send the price toward the $0.5500 resistance or even $0.5550 in the near term. The next major hurdle might be $0.5850. Another Decline? If XRP fails to clear the $0.5200 resistance zone, it could start another decline. Initial support on the downside is near the $0.5120 level. The next major support is near the $0.5085 level. If there is a downside break and a close below the $0.5085 level, the price might continue to decline toward the $0.5020 support in the near term. The next major support sits near the $0.4880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5150 and $0.5085. Major Resistance Levels – $0.5200 and $0.5240.
XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase. XRP price is eyeing more gains above the $0.5300 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5300 resistance zone. XRP Price Revisits Support XRP price started a decent upward move above the $0.5150 zone. There was a move above the $0.520 resistance but it lagged Bitcoin and Ethereum. The bulls were able to push the price above the $0.5250 resistance. The price traded as high as $0.5307 and is currently correcting gains. There was a drop below the $0.5265 level. The price dipped below the 50% Fib retracement level of the upward wave from the $0.5111 swing low to the $0.5307 high. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5250 level. The first major resistance is near the $0.5300 level. The next key resistance could be $0.5320. A clear move above the $0.5320 resistance might send the price toward the $0.5450 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5850 in the near term. The next major hurdle might be $0.6000. Downside Break? If XRP fails to clear the $0.5250 resistance zone, it could start another decline. Initial support on the downside is near the $0.5200 level. The next major support is near the $0.5185 level and the 61.8% Fib retracement level of the upward wave from the $0.5111 swing low to the $0.5307 high. If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5200 and $0.5185. Major Resistance Levels – $0.5250 and $0.5300.
A crypto analyst has made a bold prediction about the XRP price, highlighting that an explosive rise above $3 is not a matter of if but when. While XRP’s slow price growth over the years has tested the patience of many investors, the analyst is confident that the cryptocurrency’s fundamentals and market dynamics are aligning for a significant upward movement. Timeline For XRP Price Surge Above $3 Popular crypto analyst Javon Marks has expressed optimism about the future outlook of the XRP price, predicting that the prominent cryptocurrency could be on the verge of a significant rally above the $3 mark. In an X (formerly Twitter) post on Tuesday, Marks revealed that the recent XRP price action indicated a “massive bullish breakout” to the upside. Related Reading: Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000 The analyst suggested that this upward momentum could happen very soon, implying that all the conditions and signs were pointing towards a substantial price shift for XRP in the future. Sharing a detailed chart of XRP’s historical price movements, Marks noted that the cryptocurrency had formed a distinct triangle pattern, starting in 2014 and peaking in 2017. After breaking out of the triangle pattern in 2017, XRP experienced a dramatic price surge, reaching new highs before recording a short dip and then rallying again to its current all-time high of $3.84 in 2018. Based on Mark’s price chart, XRP has formed another similar triangle pattern, which started around 2018 and is projected to peak in 2025. Marks pointed out that breaking out of this triangle pattern could trigger a massive increase in the XRP price, potentially pushing the cryptocurrency to new highs around $3.6 by 2025. Price Remains Stagnant While Other Cryptocurrencies Rally Despite the optimistic price projections for the XRP price, the cryptocurrency has been facing immense downward pressure for the past few months. While other cryptocurrencies like Bitcoin, Ethereum, and most meme coins have been experiencing significant price gains amidst the positive shift in market conditions, XRP price has struggled to build momentum. Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? Data from CoinMarketCap has revealed that XRP is currently trading at around $0.5, recording significant declines, much to the frustration of long-time XRP holders and investors. While Bitcoin has skyrocketed to $72,000, Ethereum to $2,670, and Shiba Inu to $0.0000188, XRP has declined by 0.37% in the last 24 hours and decreased by 18.61% over the past month. Currently, XRP is being cited as one of the worst-performing assets in the crypto space, as its price has failed to break beyond the $1 mark since February 2022. This bearish price trend and slow momentum could be attributed to XRP’s bearish market sentiment and the ongoing legal battles between Ripple Labs and the United States Securities and Exchange Commission (SEC). Featured image created with Dall.E, chart from Tradingview.com
XRP price is attempting a fresh increase above the $0.5150 zone. The price could gain bullish momentum if it settles above the $0.5500 resistance zone. XRP price is eyeing more gains above the $0.5350 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5500 resistance zone. XRP Price Eyes Upside Break XRP price started a decent upward move above the $0.500 zone. There was a move above the $0.5150 resistance but it lagged Bitcoin and Ethereum. The bulls were able to push the price above the $0.5250 resistance. The price traded as high as $0.5307 and is currently consolidating gains. There was a minor decline below the $0.5250 level. The price dipped and tested the 50% Fib retracement level of the upward move from the $0.5112 swing low to the $0.5307 high. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5180 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5112 swing low to the $0.5307 high. On the upside, the price might face resistance near the $0.5280 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5350. A clear move above the $0.5350 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5650 resistance or even $0.5850 in the near term. The next major hurdle might be $0.6000. Another Setback? If XRP fails to clear the $0.5300 resistance zone, it could start another decline. Initial support on the downside is near the $0.5210 level. The next major support is near the $0.5180 level. If there is a downside break and a close below the $0.5180 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5210 and $0.5180. Major Resistance Levels – $0.5350 and $0.5550.
Crypto analyst Random Crypto Pal has predicted that the XRP price is finally ready for a breakout, just as on-chain metrics turn bullish. With a breakout on the horizon, the analyst also provided insights into price targets that XRP could hit as it moves to the upside. XRP Price Ready For A Breakout Random Crypto Pal predicted in X post that the XRP price was ready for a breakout while sharing a picture of the XRP monthly chart. He remarked that an “explosion is coming,” indicating that the price rally will be parabolic. The analyst made this claim while noting that XRP has recorded a perfect retest of both trend lines. Related Reading: ‘Bird Beak Sign’ Appears On Bitcoin Price Heikin Ashi Chart, Analyst Explain What This Means The accompanying chart showed that the XRP price could rise to as high as its current ATH of $3.84 when it records this price breakout. XRP has consolidated for about seven years since 2018, when it reached its current ATH. Since then, the XRP community has eagerly anticipated a price breakout, which never came in the 2021 bull run. However, this time looks different, considering that XRP has finally gained legal clarity and a non-security status in the long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC). Meanwhile, on-chain metrics have turned bullish and support an XRP price breakout. The active addresses on the XRP Ledger (XRPL) have hit a six-month high, indicating renewed interest in the coin among crypto investors. New investors are also flocking into the XRP ecosystem, as new addresses on the network have surged by over 10%. Daily transactions on the network are also on the rise, which shows that investors are actively trading using XRP. Therefore, these bullish on-chain metrics could also contribute to the XRP rally, which Random Crypto Pal predicts is on the horizon. Price Could Reach Triple Digits Crypto analyst Javon Marks has again reaffirmed that the XRP price could reach triple digits when this price breakout finally occurs. In an X post, the analyst alluded to the historical price gains that XRP recorded in the 2017 bull run to prove why the coin could reach $200. Related Reading: Cardano Price Prediction: Analyst Says 80-90% Correction Is Over With 100% Jump Imminent His accompanying chart showed that the XRP price could enjoy a price breakout by year-end and a massive rally that will last until year-end 2025, around when the crypto will hit $200. Interestingly, crypto analyst Dark Defender also echoed a similar sentiment when he revealed in an X post that the XRP bull run will last from November 2024 to November 2025. Meanwhile, Javon Marks noted the similarities between the current XRP price action and that of 2017 are “major.” He remarked that this time around is larger, which means that the result of the price breakout could be greater than the one witnessed in the 2017 bull run. Featured image created with Dall.E, chart from Tradingview.com
XRP price is attempting a fresh increase above the $0.5050 zone. The price must clear the $0.5250 and $0.5320 resistance levels to continue higher. XRP price is correcting losses from the $0.4880 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5250 resistance zone. XRP Price Struggles To Match Bitcoin’s Surge XRP price started a recovery wave from the $0.4880 zone. It is back above $0.5050 but struggles to match Bitcoin and Ethereum momentum. The bulls were able to push the price above the $0.5150 resistance. The price surpassed the 50% Fib retracement level of the downward wave from the $0.5333 swing high to the $0.4867 low. There is also a connecting bullish trend line forming with support at $0.5150 on the hourly chart of the XRP/USD pair. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. It is consolidating near the 76.4% Fib retracement level of the downward wave from the $0.5333 swing high to the $0.4867 low. On the upside, the price might face resistance near the $0.5250 level. The first major resistance is near the $0.5335 level. The next key resistance could be $0.5350. A clear move above the $0.5350 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5650 resistance or even $0.5850 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5250 resistance zone, it could start another decline. Initial support on the downside is near the $0.5150 level. The next major support is near the $0.5085 level. If there is a downside break and a close below the $0.5085 level, the price might continue to decline toward the $0.5000 support in the near term. The next major support sits near the $0.4880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5150 and $0.5000. Major Resistance Levels – $0.5250 and $0.5320.
XRP price is attempting a recovery wave from the $0.4880 zone. The price must clear the $0.5200 and $0.5320 resistance levels to start a decent increase. XRP price is correcting losses from the $0.4880 zone. The price is now trading below $0.5220 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5220 resistance zone. XRP Price Struggles To Gain Pace XRP price remained in a bearish zone and extended losses below $0.5200, like Bitcoin and Ethereum. There was a move below the $0.5050 and $0.5000 levels. The price even dipped below $0.4950 and tested $0.4880. A low was at $0.4867 and the price is now attempting to recover losses. There was a move above the 50% Fib retracement level of the downward wave from the $0.5233 swing high to the $0.4867 low. There was a break above a short-term bearish trend line with resistance at $0.5150 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5220 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5200 level. The first major resistance is near the $0.5220 level or the 76.4% Fib retracement level of the downward wave from the $0.5233 swing high to the $0.4867 low. The next key resistance could be $0.5320. A clear move above the $0.5320 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650. Another Drop? If XRP fails to clear the $0.5220 resistance zone, it could start another decline. Initial support on the downside is near the $0.5100 level. The next major support is near the $0.5050 level. If there is a downside break and a close below the $0.5050 level, the price might continue to decline toward the $0.5000 support in the near term. The next major support sits near the $0.4880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5050 and $0.5000. Major Resistance Levels – $0.5220 and $0.5320.
XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5360 resistance zone. XRP Price Faces Many Hurdles XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5360 level. The first major resistance is near the $0.5360 level or the 50% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. The next key resistance could be $0.5485. A clear move above the $0.5485 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650. Another Drop? If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5185 level. If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5230 and $0.5185. Major Resistance Levels – $0.5360 and $0.5485.
XRP price extended losses and tested the $0.5120 zone. The price is now rising and might attempt to clear the $0.5320 resistance zone. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5350 resistance zone. XRP Price Starts Fresh Increase XRP price failed to start a fresh increase and extended losses below $0.5320, like Bitcoin and Ethereum. There was a move below the $0.530 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level or the 50% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. The first major resistance is near the $0.5400 level. The next key resistance could be $0.5420. A clear move above the $0.5420 resistance might send the price toward the $0.5485 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5650 in the near term. The next major hurdle might be $0.5800. Another Decline? If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5200 level. If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5230 and $0.5200. Major Resistance Levels – $0.5350 and $0.5420.
XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading below $0.5500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels. XRP Price Trades In A Range XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone. A high was formed at $0.5600 before the price started to decline like Bitcoin and Ethereum. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair. The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level. If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5420 and $0.5365. Major Resistance Levels – $0.5500 and $0.5550.
The idea of the XRP price reaching $1,000 has once again gained traction as a social media platform X user called Drewski called for the Ripple community to unite in driving XRP to the unprecedented price level. While Drewski’s post reignited the conversation, the $1,000 price target is far from new, as it has been a goal shared by many XRP investors for years. Bold $1,000 Price Target For XRP Drewski’s comment on XRP echoes the entire cryptocurrency investor community. Particularly, it can be inferred that the investor is confident that the combined strength of the Ripple community can trigger a historic price surge for XRP. Related Reading: BTC Held On Exchanges Hits Lowest Point In 5 Five Years, Here’s What It Means For Bitcoin Price Interestingly, the bullish price target for XRP is primarily driven by sentiment rather than technical analysis. However, XRP is no stranger to very bullish price targets when viewed through the lens of technical analysis. For instance, renowned crypto analyst EGRAG CRYPTO has provided analysis indicating that XRP could be on a trajectory towards $27. In another technical analysis, the analyst highlighted the possibility of XRP surging further to $99. How Feasible Is The $1,000 Price Target? While the prediction is exciting, there are skeptics who question whether XRP can realistically reach $1,000. Critics highlight the enormous market capitalization required to reach this level. For XRP to hit the $1,000 mark, it would either need to achieve a market cap of $99.99 trillion based on its current total supply or burn most of its supply. Many critics are also quick to point out the regulatory uncertainties surrounding XRP and Ripple. If you ask many crypto participants, many will call XRP dead, considering the crypto has performed poorly than many expected in recent years. Currently, XRP is trading at a fraction of the $1,000 target. At the time of writing, XRP is trading at $0.5515. The cryptocurrency has been down by 0.7% in the past 24 hours but remains up by 2.5% in a seven-day timeframe. Related Reading: Bitcoin Price To $95,000? Here’s What Needs To Happen First To reach the price target, XRP would need to go on a 1,800x price surge from the current level, which would make many of its holders multi-millionaires. Therefore, the prospect of such a move has kept the dream of a $1,000 price target alive for many XRP enthusiasts. A more realistic dream would see XRP break above the $1 mark before reaching the double-digit threshold at $10. For XRP to go on a steady rally, it would need to continue growing in adoption in the traditional financial system. Furthermore, a final resolution to the ongoing Ripple-SEC lawsuit is needed, as achieving regulatory clarity could bring the dream of a $1,000 XRP closer to reality than ever before. Featured image created with Dall.E, chart from Tradingview.com
XRP price is holding gains above the $0.5450 zone. The price seems to be eyeing more gains above the $0.5550 and $0.5650 levels in the near term. XRP price is consolidating above the $0.5400 zone. The price is now trading above $0.5420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5465 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Eyes Upside Break XRP price remained stable above the $0.5320 support zone like Bitcoin and Ethereum. The bulls even tried to push the price above the $0.5550 resistance zone. A high was formed at $0.5659 before there was a fresh decline. The price tested the $0.5400 zone. A low was formed at $0.5398 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5398 low. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5465 level. There is also a connecting bearish trend line forming with resistance at $0.5465 on the hourly chart of the XRP/USD pair. The first major resistance is near the $0.5550 level or the 61.8% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5398 low. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5925 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level. The next major support is near the $0.5345 level. If there is a downside break and a close below the $0.5345 level, the price might continue to decline toward the $0.5280 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5400 and $0.5345. Major Resistance Levels – $0.5500 and $0.5550.
Crypto analysts Amonyx and Egrag Crypto have provided a bullish outlook for the XRP price with “something big” on the horizon. Based on their analysis, the long-awaited price breakout for XRP could soon happen. Something Big Is Coming For XRP Price Crypto analyst Amonyx stated in an X post that something big is coming for the XRP price. His accompanying chart showed that the crypto could enjoy a massive rally to $75. The analyst made this prediction based on XRP replicating a similar run that it enjoyed in the 2017 bull run when its price surged by over 61,000%. Related Reading: Bitcoin Price To $130,000 By January, Here’s The Roadmap The chart showed that XRP consolidated for a year before it broke out and enjoyed that unprecedented rally. In line with this, the analyst highlighted how XRP has been consolidating since then, suggesting another price breakout is imminent. Amonyx has recently been more bullish on the XRP price. Before now, he predicted that the crypto would reach between $50 and $57 at the peak of this bull run. However, his recent prediction offers a more bullish outlook for XRP. Interestingly, he also recently predicted that the crypto could enjoy a “giga pump” to $400. These bullish XRP predictions are believed to be partly because of the recent applications by Bitwise and Canary Capital to offer an XRP ETF. These funds could contribute to a significant rally for XRP since they will attract more institutional investors into the coin’s ecosystem. Therefore, these XRP ETFs will positively impact the XRP price just like the Spot Bitcoin ETFs did for the Bitcoin price. Meanwhile, in the short term, Amonyx also expects that the XRP price could enjoy a significant rally. In a recent X post, he shared an XRP/Bitcoin chart and told XRP holders that a God candle was coming soon. XRP’s Breakout Target To Keep An Eye On Crypto analyst Egrag Crypto highlighted $0.61 and $0.62 as the breakout targets to keep an eye on. He noted that the breakout point is getting lower and added that the XRP has a maximum of 70 days left before it reaches the final pinnacle of the breakout point. Related Reading: Crypto Analyst Says Bitcoin Price Can Port To $86,600 If It Breaks This Level Egrag Crypto further remarked that he is convinced that the price breakout could happen sooner than expected, within the next 15 to 30 days. According to him, the pressure is building and won’t stay contained for much longer. Indeed, XRP’s consolidation dates way back to the 2021 bull run when it failed to reach a new all-time high (ATH). The $0.60 price level has also proven to be strong resistance for the coin, as it has retested and failed to break above it multiple times since Judge Analisa Torres delivered her final judgment in the Ripple SEC lawsuit in August. At the time of writing, the XRP price is trading at around $0.55, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The ongoing legal battle between crypto payments company, Ripple ,and the United States Securities and Exchange Commission (SEC) is taking another significant step forward this week. Both parties are preparing to take the next move forward with their appeal process. This development could have far-reaching implications on not just Ripple, but the XRP price and […]