From a technical perspective, there are many positive indications that show a big potential in Ripple. XRP price has formed a trend line and support over the past few months. This trendline has already served as resistance three times, making it a confirmed trendline heading towards the support of around $0.53. As the trendline is heading towards support, a descending triangle has formed. 

However, since descending triangles are only valid after a price crash, we are not assuming a descending triangle here, but a simple consolidation phase, which could serve as a correction. As a result of this consolidation phase, the Ripple price could soon break the drawn trend line in a bullish manner and head for old highs.

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The fact that the Ripple course has recently been corrected more strongly has resulted in a possible ABC sequence. However, this ABC sequence is not yet activated. It only becomes active as soon as the high (A) is exceeded. With a trendline break, we would expect the price to be higher than point A, so we assume an active ABC sequence from there. The target of the sequence is around $3.34 – $4.15. If the Ripple price plays out in this scenario, there is a risk that the price will form a double top formation. More on that in the next long-term Ripple forecast.

Ripple price has risen to $0.91 since our last forecast. Shortly after reaching the target, the price corrected again and confirmed the former $0.85 resistance as resistance. That's exactly how we expected the price to develop. With those two moves now complete, we expect a fresh move higher to $0.91 next. If this resistance breaks, the price could rally to the $1 level soon. After the Ripple price has reached the $1 mark, we expect another correction. This could hold again until the next support. This would be around $0.91. Price would confirm this level as support.

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The Ripple price could soon correct the previous fall from $2. However, since this is on the weekly chart/monthly chart, this rise could last a bit longer. We anticipate a rise to the GoldenPocket of $1.45. However, with horizontal resistance ahead of the GoldenPocket at $1.31, we anticipate a bearish reaction there already.

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Since XRP reaching $1 is in sight, buying at psychological price areas is a good plan of action. The reason for that is that crypto prices tend to break those areas in uptrends and then revert back to them for support. Here's a trade setup while XRP soars to $1:

• Buy price: $0.90
• Stop-loss price: $0.86
• Take-profit: $1 or more!

You can even set a trailing stop-loss as the uptrend continues higher. Bear in mind not to place a tight stop in that case, especially when the market turns volatile.

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The year 2022 started on a bad note for cryptocurrencies, including XRP. Its prices fell from a high price of $1.4 and reached the strong support area of $0.58. In figure 1, we can clearly see the downward parallel channel. Day traders love trading those channels, as they represent predictable patterns. They sell near the upper line band and buy near the lower band line.

After the strong rebound at $0.58, XRP price started to recover and is currently on an uptrend. Despite the macro bearish outlook, XRP is looking to break this downward trend. This can be achieved when prices break the $0.80 barrier in the short term.

It is very probable that XRP reaches $1 soon. For this to happen, many factors other than technical price-action should come into play. Firstly, the overall cryptocurrency market should show a positive outlook. Since Bitcoin is the dominant cryptocurrency, its price still affects most cryptos. Hence, a BTC price break above $50,000 would also send the entire crypto market upwards.

XRP reached $1 many times before, and this should be no problem. On the other hand, XRP is one of those altcoins that never reached its previous ATH from 2018 yet. The SEC lawsuit might have contributed to this, but there is currently positive news in that regard that Ripple company might settle with the SEC, or even not need to and simply win the lawsuit. This should definitely bring prices closer to the ATH price of $3.

In our last Ripple price prediction, we wrote how XRP boomed higher after a heavy adjustment. Following that surge, the price adjusted to our target of $0.78 and assumed that the price could reach $0.86 soon. Interestingly, XRP prices are following the Fibonacci retracement. In this article, we're going to exactly see those retracement levels, and analyze whether XRP price will fall lower or continue higher.

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Ripple price has formed a strong trend line over the past few months. This trend line regularly provides resistance and steadily pushes the price down. As we hit this trendline on the last move up, we might see a bigger sell-off first. This could be the current low (+/- $0.7429). In general, it can be said that the Ripple price will fall below $0.50 in the next few weeks. The prerequisite for this would be that the trend line will continue to serve as resistance and not break.

The Ripple price could sink a little lower. The GoldenPocket from the recent rise is around $0.71. Since courses often correct up to the GoldenPocket, we also assume this here. Not only is the GoldenPocket at $0.71 but there is also horizontal support. With two supports on top of each other, the price could find more buyers than usual. This increases the likelihood that the Ripple price will develop a new short-term uptrend there. The targets, if we respect the GoldenPocket, are $0.78 and the trendline.

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The cryptocurrency market has seen better days. Not only did Bitcoin crash and slip below the 60K price mark, but the entire cryptocurrency market declined as well. XRP was always considered a lagger, but in down markets, was the first to crash. Its prices slipped below the $1 mark and are going down further. Where will XRP price reach? Will it ever correct back upwards? In this XRP price prediction, we're going to see why is the crypto market crashing, and where will XRP prices reach potentially.

Much negative news appeared this week, sending crypto prices lower. Technical formations are usually used to predict future price-actions. On the other hand, when strong fundamentals come into play, everything would be disregarded. Day traders and even investors should switch from being portfolio managers to becoming active day traders. This allows them to exit their positions and liquidate their losses, in anticipation of lower prices.

Recently, India announced its plan to officially ban cryptocurrencies. This isn't the first time we hear such news, and every time we read something similar, the entire crypto market crashes.

Additionally, crypto prices are highly overbought and are bound for correction. XRP prices followed the crypto market and corrected in turn lower. Where to? Let's go to our next section: Technical Analysis.

Looking at XRP prices, we can definitely see how prices were already on a downtrend. The recent crypto crash definitely affected XRP's technicals, but prices were already on a downtrend. In figure 1, we can clearly see how prices were making lower highs and lower lows ever since the 10th of November 2021.

When zooming out and looking at the daily chart, we can see a wide consolidation area delimited by USD 1.3 and USD 0.90. Prices were already going towards the USD 0.90 area, so it is only natural to predict lower XRP prices. On the other hand, if prices manage to break lower than this support, we can expect prices to crash further towards the next support of USD 0.50.

In the past 24 hours, the cryptocurrency market fell by 8%, wiping out 400 Billion in market capitalization. The biggest losers are AVAX, CRO, and ONE losing 17.3%, 16.6%, and 16.3% respectively. On the other hand, the biggest gainers are ANKR, SC, and BAT gaining 17.9%, 17.3%, and 14.75% respectively.

1- Bitcoin (BTC) : – 7.1 %

2- Ether (ETH) : – 8.32 %

3- Binance Coin (BNB): – 6.8 %

4- Tether (USDT) : 0 %

5- Solana (SOL) : – 7.6 % 

6- Cardano (ADA) : – 10.3 % 

7- Ripple (XRP) : – 9.4 %

8- USD Coin (USDC) : + 0 %

9- Polkadot (DOT): – 10.69 %

10- Dogecoin (DOGE) : – 7.7 %

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Rudy Fares

Cryptocurrency traders are used to seeing the XRP token lag compared to the cryptocurrency. When Bitcoin and other Altcoins move, XRP is seen consolidating still. Only after a few weeks do XRP prices start to move. This phenomenon happened several times over the course of the past 4 years. Today, after weeks of consolidation around the price of USD 1, XRP jumped all the way to reach a price of USD 1.25. Can XRP sustain its price increase or will the price adjust lower again?

When Bitcoin prices started to rally, most cryptos started to move upwards. In fact, Bitcoin's market dominance of more than 45% is still pretty significant. When Bitcoin moves, the entire cryptocurrency market moves as well. The opposite outliers usually are the ones that lag and take some time before they follow the overall market trend. For XRP's case, it is exactly the case.

XRP moved from a price of USD 0.40 all the way to a high price of USD 1.95, before retracing heavily back towards USD 0.50. This wild ride made day traders react and buy again at that low support price. This moved yet again XRP prices towards the psychological price of around USD 1. At this level, and since August 2021, prices consolidated between USD 0.90 and 1.30. Every time prices neared the bottom support, they rebounded back upwards, creating the perfect day trading setup for XRP traders.

Looking at the short term, day traders would definitely get away from such price-action. XRP prices reached a strong resistance area and are likely to adjust lower. In figure 2, we can see that the sideway trend is delimited by the lower price of USD 0.90 and USD 1.30. If you were to Buy XRP today, you would want to definitely wait for trend confirmation. XRP prices should confirm above the price of USD 1.30, and this is where a buy entry can be placed. On the other hand, placing a stop-loss around USD 1.28 would be a good idea, in case the market decided to retrace lower after such a rally.

Looking at how XRP prices are still far away from their all-time high prices, one cannot but anticipate a reach of this previous level. This prediction does not only come as the cryptocurrency market is rallying and most tokens already reached their previous ATH, but specifically for XRP, prices are still shy.

This is mainly because Ripple company still has a pending lawsuit with the SEC. In case the company manages to settle or even win the legal case, XRP prices are likely to soar and reach a market valuation of at least USD 100B, which almost leads to a price of USD 2.01 per XRP. For now, the best thing to do is to buy at a support level, sit back and enjoy the ride.

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Rudy Fares