XRP Price Prediction as XRP Reaches $0.60: Is the $1 Mark Within

Показать описание

The XRP price has gained by 2% in the past 24 hours, rising above $0.60 on a day when the market as a whole has climbed by 1%.

At $0.614565, XRP is now up by 10% in a week and by 27% in the past fortnight, with Ripple’s successes in its case with the SEC this year helping it to gain by 80% since January.

Its gains today have followed the Federal Reserve keeping interest rates on hold, while it has also benefitted from the growing expectation that the SEC will approve several Bitcoin ETFs.

As such, XRP may hit $0.80 or higher by the end of the year, with 2024 potentially bringing even higher levels.

XRP Price Prediction as XRP Reaches $0.60: Is the $1 Mark Within Reach?.

XRP’s indicators are now in a prime position, with the coin more or less in full breakout mode.

Most notably, its 30-day average (yellow) has just climbed over its 200-day average (blue), forming a ‘golden cross’ that often signals a break towards a new, permanently higher level.

It’s a similar story with XRP’s RSI (purple), which rose beyond 70 a few days ago and is now nearing 80.

However, this potentially indicates that, as well as enjoying some strong buying pressure, XRP’s currently rally may be close to peaking.

Traders should therefore be careful, and may want to wait for XRP to dip a little before entering its market.

But in the medium- and long-term, now is a good time to enter the market, which could be preparing for big end-of-year bull rally.

In fact, some analysts have said that the next Bitcoin bull market has already begun, something which portends a wider crypto bull market, if correct.

It’s also worth pointing out that the market (including XRP) has benefited from the Federal Reserve keeping its rates on hold, providing a sign that it may have ended this year’s bearish course of rate hikes.

🚨BREAKING: U.S. FEDERAL RESERVE LEAVES RATES UNCHANGED AS EXPECTED
GOOD FOR $XRP and CRYPTO#XRP 🚀🌖

More generally, recent Ripple news has also strengthened the bull case for XRP, with the cryptocurrency firm last month celebrating the fact that the SEC had effectively dropped a planned trial against two of its...

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #altcoins #altcoinsnews #altcoinsnewstoday #xrpprice #xrppricenews #xrppricenewstoday #xrppriceprediction #xrppricepredictionnews #crypto
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple