XRP/USD price prediction summary
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.
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 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.
Hunting for the top crypto to buy now can feel like..
The Layer 1 race is heating up again as the market..
Ethereum just smashed through the key $3,000 mark after drifting sideways..
Floppypepe ($FPPE) is your ticket to the moon. Escape the ordinary and reach for lunar gains with this AI meme token. Secure your spot now before it's too late.
Join Now