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.

XRP crypto is definitely doing better than BTC. Since the beginning of the year 2022, Bitcoin prices lost more than 20%. On the other hand, XRP only lost 5%, as prices started at $0.83 and reached a current price of $0.79. In figure 1, we plot BTC and XRP prices to see how much each crypto lost YTD.

XRP is about to return to the same price of $0.83 which opened in the year 2022, while Bitcoin still needs a push of 27%. This is good news for XRP, as another crypto bull market can send prices even higher and hopefully reach $1.

If we look at figure 2 below, we can see how XRP prices halted their downtrend in late January 2022. We had our first consolidation around $0.60 before prices shot to $0.90, then adjusted back to $0.70. Currently, we are in a consolidation trend, and usually, those represent an extension of the previous trend. Once prices break the $0.82 price, another price shoot would be imminent, potentially towards the psychological price of $1.

It is often hard to predict "when" will a certain cryptocurrency reach a certain price area. This is true, especially when analyzing prices from a technical perspective, as fundamental analysis hints at potential dates such as feature drops or court dates. What we can do for the case of XRP is give an approximate duration based on previous price-actions. Currently, the price of XRP is around $0.79, and we need $0.21 to reach that target. In figure 3 below, we show 2 scenarios where XRP rose by more than $0.20 following a strong consolidation of more than a week.

Keeping up with this logic, XRP price should reach $1 somewhere in the first week of April. Keep in mind that this analysis takes into consideration that the crypto market is not crashing.

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 seems like it's back on track. Most crypto prices soared in the past 7 days and increased by more than 20% on average in value. This buying power affected also Ripple's XRP price, as its value jumped by 60% in less than 1 month. The SEC battle is coming close to an end hopefully by the end of this year or the beginning of the next one. Afterwards, prices are expected to reach back to their previous all-time high. For now though, traders and investors are eyeing the 1$ price mark for XRP, as it represents a strong psychological price target. Will XRP reach USD 1 soon?

In our previous article, we analyzed the price of XRP and advised to buy XRP while the price was around 50 cents. We did encourage this move as we anticipated higher prices going forward, and set two targets. The first target was the USD 0.80 as it represented a strong consolidation area previously, whereas the second target was the psychological price of USD 1.

After the previous crypto crash that happened, XRP prices fell and consolidated around the USD 0.50 price. This consolidation lasted for about a month, before prices picked back up. In figure 1, we can see this consolidation in action, and how prices are currently on an uptrend.

Looking at how prices are rising currently, we cannot but expect prices of XRP to reach USD 1. This anticipation comes with technical and fundamental backings of course. From a fundamental perspective, Ripple company is advancing in the SEC lawsuit and will either settle (like what happened with other projects) or win the case. So far, it's looking very good for the company.

From a technical aspect, prices are showing a healthy uptrend that came after an extended consolidation. This is always a good indicator to look at when placing a swing trade. The USD 0.70 breach confirmed the uptrend, and the 1$ price is not inevitable.

In the past 7 days, all cryptocurrencies are on the green side. AMP and Siacoin are currently adjusting lower after their impressive gains from the week before with -15% and -9% respectively. On the other hand, Voyager Token, Ravencoin, and Internet Computer are the top gainers for this week, with gains of +50%, +42%, and 37%.

1- Bitcoin (BTC) : + 6.65 %

2- Ether (ETH) : + 20.09 %

3- Tether (USDT) : 0 %

4- Binance Coin (BNB): + 2.92 % 

5- Cardano (ADA) : + 6.91 % 

6- Ripple (XRP) : + 5.41 %

7- Dogecoin (DOGE) : + 23.69 % 

8- USD Coin (USDC) : + 0 %

9- Polkadot (DOT): + 10.94 %

10- Binance USD (BUSD) : + 0 %

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