Ripple price prediction: Ripple spikes to $0.85, prepares to move higher?

Ripple price prediction: Ripple spikes to $0.85, prepares to move higher? 1
Ripple price prediction: Ripple spikes to $0.85, prepares to move higher? 2

As you may know, Ripple, the world’s third-largest cryptocurrency is currently trading at $0.55. However, in the past two weeks, it has spiked to $0.7, and the current market capitalization is $12 billion. This has led many people to recommend buying Ripple, and many to recommend selling. In this analysis, we will take a look at the reasons for the high price of Ripple, and the reasons why the price will go up even more.

To help you decide whether to invest in ripple or not, we have prepared this price prediction. The current price is $0.77, which is already a high level for the past week and a half. Ripple price prediction suggests that it will reach $0.85 in the next few days.

Ripple is up 11.54% in the past 7 days, and 5.83% in the past 30 days. A bearish Ripple selloff in early 2018 was reversed in the final week of the year, as the altcoin surged higher. The past week has been bullish for Ripple, with the altcoin posting gains of 5.83%. The altcoin has been trending towards the $0.80 handle in the past week.. Read more about realistic xrp price prediction and let us know what you think.Summary of the situation

  • The XRP is finding resistance around $1 tonight.
  • Support at $0.85 will be tested later in the day.
  • The next major resistance target is at $1.20.

Today’s price outlook for Ripple is bullish, as the market has fallen in recent hours and is currently trading above the $0.85 support level. Therefore, we expect the XRP/USD price to rise in the next 24 hours and try to reach $1.20. Crypto-currency heat map. Source: Coin360 word-image-5617 The general market has moved into negative territory over the past 24 hours. Bitcoin and Ethereum have suffered significant losses, and other altcoins have followed suit. Cardano and Ripple suffered even larger losses of around 10%. XRP/USD opened at $0.975 after yesterday’s bearish close. From that point, the Ripple price has returned to support at $0.85, where further declines are rejected for now. Therefore, we expect the market to turn higher in the next 24 hours.

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Ripple price movement in the last 24 hours

The XRP/USD exchange rate fluctuated between $0.8808 and $1.03, indicating significant volatility. Trading volume fell 14.23% to $5 billion. At the same time, the total market size is nearly $41 billion, which puts the cryptocurrency in 6th place overall.

4-hour chart XRP/USD – Ripple bounces down

On the 4-hour chart, we can see that the market has approached the $0.85 support level in recent hours. This will likely lead to a rate hike in the next 24 hours. Four Hourly Chart XRP/USD. Source: TradingView word-image-5618 The overall price dynamic for Ripple continues to provide a base from which to reverse the bearish price action of recent weeks. After the XRP/USD peaked at $1.70 and broke through resistance on the 18th, the pair is now in the midst of an uptrend. After retesting the high in May, it pulled back 6% and found support at $0.64, marking a new major low. Therefore, we can assume that the bears have no chance and the market is ready to move higher in the coming weeks. In recent days, we have seen the price of Ripple consolidate around the $1 level and establish a lower swing high. As a result, Ripple dropped to $0.85. If this support is broken, we will see further declines over the next 24 hours, with the next support at $0.64. However, if the XRP/USD holds support at $0.85, the market will set a higher bottom and move higher over the weekend. Resistance is at $1.20, indicating a potential rise of over 33%. Once resistance is reached, we expect the XRP/USD to move further towards its previous all-time high. In the event of a further downturn, a long position with a relatively good risk-return potential could therefore be opened.

Ripple Price Forecast: Supplement

The price outlook for Ripple is bullish as the market price retests the $0.85 support and is set to rise in the next 24 hours. The next resistance is seen at $1.20, which implies a profit potential of about 30 percent. In anticipation of Ripple’s continued price rise, check out our latest guides on other major altcoins – Zcash, Cardano and Litecoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The past few weeks have been solid for Ripple as its XRP price skyrocketed through the $0.30s. This has occurred as the overall crypto market has been in overall decline, with Bitcoin prices dipping to a current value of $6,800 and Ethereum sitting at $357.. Read more about xrp 10 000 price prediction and let us know what you think.

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