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- XRP price prediction has gained around 57% year to date and struggles to sustain at $0.549 resistance level.
- XRP crypto price has surged above 20, 50, 100 and 200-days Daily Moving Average.
- The XRP/BTC pair was at 0.00001921 BTC with an intraday drop of 1.12%.
XRP price prediction suggests the recovery phase of the XRP crypto over the daily time frame chart and might rally towards $1. XRP price needs to surge out from the distribution phase at the $0.54 in order to continue its recovery towards the $1. Ripple (XRP) price needs to continue the surge and sustain avoiding the sellers’ pressure.
XRP price was at $0.5331 and has lost 1.81% of its market capitalization during the day trading session. Trading volume has decreased by 34% during the intraday trading session. Volume to market cap ratio was at 0.1064.
XRP price prediction highlights the sustainability issues of XRP price at the current level over the daily time frame chart. Meanwhile, XRP must sustain at the resistance level to continue its surge towards the $1. Moreover, analysts also confirm the recovery of XRP price towards $1 by mid 2023. XRP crypto price has surged above 20, 50, 100 and 200-days Daily Moving Average.
XRP price has gained 26.40% in a week and 40.97% in the last month. This indicates the recovery of the XRP phase. Moreover, the quarterly report of XRP price is also positive with a 56% growth rate.
XRP price has soared around 11.40% in the period of six months showcasing excellent recovery. Also XRP price has surged around 57.69% year to date confirming the facts of XRP to reach $1 during 2023.
XRP Price Prediction: Technical Indications!
Technical indicators suggest the sustainability issues of XRP price inside the overbought territory. Relative strength index confirms the presence of XRP price inside the overbought territory. RSI was at 71 and is trying to return from the overbought territory.
MACD exhibits the upward velocity of XRP price. The MACD line is ahead of the signal line after a positive crossover. Investors in XRP must wait until the XRP price sustains at the current resistance level.
Summary
XRP price prediction suggests the recovery phase of the XRP crypto over the daily time frame chart and might rally towards $1. Moreover, analysts also confirm the recovery of XRP price towards $1 by mid 2023. Technical indicators suggest the sustainability issues of XRP price inside the overbought territory. Investors in XRP must wait until the XRP price sustains at the current resistance level.
Technical Levels-
Resistance level- $0.55 and $0.58
Support level- $0.51 and $0.4855
Disclaimer-
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
