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The XRP price prediction shows that XRP is trying to break above the upper boundary of the channel to increase the upward movement.
XRP Prediction Statistical Data:
- Current XRP Price – $1.69
- XRP Market Cap – $92.23 Billion
- Circulating supply of XRP – 57.05 billion
- Total supply of XRP – 99.9 billion
- XRP Coinmarketcap Ranking – #5
Getting into crypto projects early can generate remarkable returns, as XRP’s incredible journey demonstrates. Currently trading between $1.43 and $1.69 over the past 24 hours, XRP remains approximately 56.02% below its all-time high of $3.84 from January 4, 2018. However, its rise since an all-time low of $0.04664 on July 4, 2014, to today’s levels represent a staggering +60 increase 194.13%. This phenomenal growth highlights the potential for rapid adoption in the crypto space and the opportunities blockchain technology offers to forward-thinking investors.
XRP/USD Market
Key levels:
Resistance Levels: $2.30, $2.40, $2.50
Support Levels: $1.00, $0.90, $0.80
XRP/USD is currently showing a bullish reversal on the daily chart, largely fueled by favorable market news, particularly regarding the ongoing legal situation between Ripple and the SEC. XRP/USD has now returned to its previous highs, forming a familiar pattern of a top, followed by a short downtrend, a consolidation phase, and then a new uptrend. Such a structure is often a precursor to a further rise, as price action tends to continue upward after retesting the previous high. The break above $1.52 suggests that XRP may continue to push towards the next major resistance zone between $1.70 and $1.75.
XRP Price Prediction: XRP Expected to Hit a High of $1.75
At the time of writing, XRP may continue to trend upwards as the bullish movement above the upper boundary of the channel may push the token to the resistance levels of 2.30, 2.40 $ and $2.50. On the downside, a bearish move below the 9-day and 21-day moving averages could halt the initial upward move and create bearish momentum with the aim of taking the market to the next support levels at $1.00, 0.90 $ and $0.80 respectively.
Looking at the technical indicators on the daily chart, the trend remains positive. XRP has seen a steady increase in momentum, which has taken the price above key resistance levels. Even though some traders took profits after the initial breakout, the overall market structure suggests that XRP could continue to gain ground. A pullback at this point is possible, but it would likely be short-lived if price remains above critical support levels. If a bull flag or consolidation pattern forms in the short term, this could provide another opportunity for traders to enter the market to move towards higher resistance levels.
XRP/BTC surges higher
On the XRP/BTC chart, breaking above an important resistance level, such as 1757 SAT, signals a potential trend reversal. This level, previously a psychological barrier, was breached with an increase in trading volume, indicating strong buying pressure against Bitcoin. The structure of the price movement – an initial peak, a pullback to consolidation, and a breakout to a higher high – suggests further upside potential.
Meanwhile, if the bears break below the moving averages, the market price could reach the support level at 1,200 SAT and below. Nonetheless, any further bullish movement could allow the coin to surpass the upper boundary of the channel to reach the resistance level of 2300 SAT and above as the 9-day moving average technical indicator continues to hover above the 21-day moving average.
However, MikybullCrypto, a leading analyst with over 79,000 followers on of a continuation of its upward trajectory, potentially reaching a new cycle high around $10.
$XRP 2017 rally atmosphere.
Hit $2, suffer a pullback, then continue its hated vertical rallies to a new cycle high of probably $10. pic.twitter.com/gXGIUsy9Rj
– Mikybull 🐂Crypto (@MikybullCrypto) November 29, 2024
XRP Alternatives
The XRP/USD daily chart suggests a strong uptrend with strong potential for further gains. The break above $1.70 and confirmation of momentum indicates that the market is positioned for a continuation towards higher resistance levels. XRP’s next target is between $1.75 and $1.80, and if the price can break above these levels, the road to $1.95 and eventually $2.00 will be open. However, Pepe Unchained has attracted considerable attention in the cryptocurrency market, particularly in the meme coin sector. Early capital inflows exceeding $57 million, averaging nearly $100,000 per hour, indicate strong initial interest in the pre-sale phase.
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