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- 1 XRP price prediction is highly bullish for 2024 and 2025.
- 2 Ripple crypto price is rising and may reach $1.00.
- 3 The 50-day EMA and 200-day EMA sloped upward and acted as strong support.
XRP price prediction is highly bullish for 2024 and suggests that the $1.00 mark is achievable. It is forming a bullish pattern and may show a massive upmove in the coming months.
Ripple price is sustaining above the 50-day EMA and 200-day EMA showing an uptrend. The buying volume is also on the rise and the price is following an upward direction. It shows genuine investors are accumulating the crypto on every dip.
At the end of October, the XRP price broke out of the $0.5510 hurdle. It triggered the positive sentiment and buyers initiated the surprising rally. However, the momentum in XRP halted near $0.7500 and sellers came forward to restrict the upside.
Gradually, the price declined and retraced back to the 50-day EMA. It acts as a strong support and buyers are trying their best to give a bounce.
At the time of writing, Ripple XRP price is trading at $0.6248 with a one-day decrease of 0.63%. The 24-hour volume to market cap is 3.77%. The pair of XRP/BTC is trading at $0.00001649 with an intraday decline of -1.02%.
Will XRP Price Retest the November High Soon?
XRP price prediction favors the bulls and suggests a decent bounce back is possible in December. The buyers in XRP look more active so it will be difficult for the sellers to pull the price further down.
Till the price sustains above the 50-day EMA, the possibility of giving a bounce from the support remains high. The next phase of the rally in XRP crypto will trigger when buyers are able to break out of the $0.7500 hurdle.
The analysis suggests that the XRP price will recover from the EMA support and may retest the November highs in the coming months.
XRP Crypto Price Trading Near Crucial Support
XRP crypto price is bullish on a daily, weekly as well and monthly chart. At present, the price is trading near the crucial support, and downside risk is low. So, long-term investors may look to buy or accumulate the coin at current levels.
The price action says bulls are back on track and XRP price might rally 10% to 20% in a short period of time.
The RSI at 51 shows neutral territory and an equal level of tug-of-war between buyers and sellers can be seen. However, the supertrend turned mildly bearish which denotes weakness. So, short-term traders must avoid keeping big targets.
Conclusion
XRP price prediction is bullish for 2024 and suggests that it may perform well and reward long-term investors.
XRP crypto price is in uptrend so it may show a bounce from the 50-day EMA support. The analysis suggests that the XRP price is at attractive levels and may show a bounce of approx. 20% in a short period of time.
Technical Levels
- Resistance levels: $0.7506 and $0.9376
- Support levels: $0.5510 and $0.4588
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
