Ripple price prediction shows an upward trajectory past $1.12 is possible

XRP/USD price prediction summary

• Today’s Ripple price prediction is positive and shows signs of an uptrend.
• The coin has already recovered losses incurred when XRP spiked downwards to $1.02 
• As of this writing, Ripple is trading at $1.09

Today’s Ripple price prediction is positive and shows signs of an uptrend in the next 24-hours. There are heightening buyer volumes as the bulls aim to bounce back to the $1.20 region.

Despite coming extremely close to retesting the $1.01 support, a continuation of the current uptrend is could possibly see the coin retest $1.60 – where the Fair Value Gap upper limit lies. However, the bears are imminently awaiting the price to fall below $1.00 and disrupt the bullish thesis. Hence the need to maintain a close eye on the various price hurdles facing XRP.

According to Coin360 heatmap, the overall digital currencies market is trading with mixed signals after a 1.21% increase in the price of Bitcoin and a 0.62% decrease in the price of Ethereum. Gainers include Binance Coin, Ripple, and Cardano, while losers include Solana, Polkadot, and Filecoin.

Ripple price prediction on the 1-day candlesticks

The price of Ripple has fluctuated within a tight range of mild volatility, starting from a daily low of $1.07 to a daily high of $1.09. Ripple’s 24-hour volume dropped by 7% to $3.078 billion. At the time of writing, the market capitalization is trading at $51.4 billion after a 0.35% increase on the daily chart.

XRPUSD chart by TradingView

Ripple (XRP) underwent days of strong bullish momentum at the start of October after posting a record 35 percent gain and a swing high of $1.24. The ascent was only short-lived until October 10th, when the bears set in and pulled the price back to $1.066.

In the days to come, Ripple(XRP) slowly recovered and raised the anticipation for further highs when the price retested $1.18. Meanwhile, the price declined on Sunday to the $1.10 level again, and a spike to $1.02 was ensured. Slight bullishness returned to the market yesterday, and today, that saw momentum return the price to the $1.10 mark.

Ripple price prediction conclusion

Ripple price prediction is bullish on the daily chart after flying past the $1.09 mark. The coin has already recovered losses incurred when XRP spiked downwards to $1.02 during the weekend. We hope that the bulls will retest the $1.24 swing high in the upcoming session and activate a bullish thesis to $1.60. 

Check out some of the latest BTC and ETH cryptocurrency price predictions analyzed by The Coinrise team as you wait for the price of Ripple to rise.