Best ripple (XRP) Price Predictions to Watch After the Latest Increase
TL;DR
- Ripple‘s XRP is up 6% to near $0.55. Analysts are predicting significant gains, including targets up to $15-20 based on bullish indicators and RSI models.
- The outcome of Ripple’s lawsuit with the US SEC could also significantly impact the value of the token, potentially triggering serious volatility.
The cryptocurrency market has been booming lately, with the growing possibility of the U.S. Securities and Exchange Commission approving a spot Ethereum ETF as early as this week. A little as expectedETH is among the best performers in the industry, but it is not the only company doing well.
Ripple’s XRP rose 6% daily yesterday, moving towards $0.55 for the first time since the beginning of May. The asset’s uptrend has attracted the attention of many analysts who believe impressive tops could be on the horizon.
The most optimistic prediction came from X user JAVON MARKS. requested A bullish trend is on the cards as XRP approaches a “major convergence point” and “RSI Pattern” well “It shows the underlying momentum in prices right now.”
Relative Strength Index (RSI) is a metric used in technical analysis to measure the speed and change of price movements. An RSI above 70 indicates that the token may be overbought and could be due for a price correction. Data demonstrations The rate mainly remains below this level the figure mentioned above during continues moon.
Based on these conditions, JAVON MARKS predicted a wild target of $15-$20 for the value of XRP. “There are signs of ascension and there can only be time.” on display,” They argued.
Additional Predictions
EGRAG CRYPTO and Dark Defender also touched on XRP, underlining a bright future for the asset. Old suggested We see that the asset has been taking “upward sloping steps” recently, setting the $0.75 mark as the next target.
Dark Defender claimed that XRP has “nothing to stop it” from reaching $0.60, which was previously labeled as the “first Fibonacci Resistance.”
The price chart provided by the trader shows that XRP was trading at $1.88 earlier this summer; This represents a 250% increase from current levels.
One of the important factors that can trigger serious fluctuations in the value of the asset is case Between Ripple and the US SEC. For those interested in learning about the details of the case and its potential impact on XRP, feel free to check out our exclusive video below:
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive a special $600 welcome offer on binance (full details).
LIMITED OFFER 2024 on bydfi Exchange: Welcome reward up to $2,888, use this link to register and open 100 USDT-M positions for free!
#Ripple #XRP #Price #Predictions #Watch #Latest #Increase