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XRP is showing signs of a major move brewing as its Bollinger Bands tighten significantly on the 4-hour chart, a classic signal of incoming volatility. According to crypto analyst Ali Martinez, who shared the update on X, this technical setup could mark the start of a powerful price breakout or breakdown for XRP in the […]
XRP is trading at $2.08, up marginally by 0.29% over the last 24 hours. Even with the significant dip of 30.32% to $1.59 billion in trading volume, the token has been stable over the week. Still, on the seven-day timeline, XRP has lost 3.35%, which reflects constrained performance amidst otherwise conservative crypto action. Technical analysis […]
In a repeated scenario, XRP shot as high as 10% in 1 week after lagging for a while. Compared to the cryptocurrency market, XRP was considered undervalued when the entire crypto market already recovered from the China Ban. Earlier this year, XRP almost reached 2$ but crashed soon after with the entire crypto market. Where is the price of XRP headed towards in 2021? In this XRP Price Prediction, we're going to see if XRP can hit 2$ before 2022.
XRP Price is back on an Uptrend?Earlier this year, XRP prices were going on an uptrend alongside the entire crypto market. Prices almost reached USD 2, but later crashed hard. This fall in prices was overdue, as the market needed a price breather. From profit-taking to bigger selling pressures, prices were bound for an adjustment.
On the other hand, XRP had a worse starting performance compared to its peers. In fact, Ripple company was still dealing with the SEC lawsuit that took a heavy toll on XRP. Investors preferred to jump ship and look elsewhere when it came to crypto investing. That's why we notice a lag in prices whenever there's a crypto trend.
Fig.1 XRP/USD 1-day chart showing XRP's macro view in 2021 - TradingViewAfter an extended consolidation, and when talks about a settlement for the SEC case surfaced, XRP prices increased significantly. From a low of USD 0.52 all the way to almost USD 1.4, XRP prices increased by 170% within 3 months!
Fig.2 XRP/USD 1-day chart showing XRP's uptrend - TradingView XRP Price Prediction - Will XRP reach 2$ before 2022?Seeing how prices managed to gain in such short timeframes, it is safe to assume that prices can easily reach 2$ before 2022. However, this XRP Price Prediction assumes 3 main price drivers:
From the above assumptions, we have two macro events and one micro factor affecting Ripple company directly. Now XRP haters are definitely in for a big shout. This clearly puts Ripple under the spotlight, showing how XRP prices are directly affected by its main company, rendering the "decentralized" argument weaker.
From a technical perspective, on the other hand, XRP prices need a heavy lift from the above fundamentals in order to be able to reach 2$. In figure 3, we can clearly see how prices need to break the strong price area of USD 1.4 before continuing towards 2$. If this happens, investors should be wary of heavy price adjustments following this huge price increase.
Fig.3 XRP/USD 1-day chart showing the potential projection of XRP prices - TradingViewStay Ahead, Stay Updated
Rudy Fares
Ripple Price© Cryptoticker
The post XRP Price Prediction – Can XRP reach 2$ before 2022? appeared first on CryptoTicker.
Let's break down the current market scenarios and implications of Ripple's recent legal victory. Let's take a look at this XRP market cap article
Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However, XRP alongside crypto market leader Bitcoin has only seen little gains so far in December. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances XRPs Path To $2.90 In an X post on December 14, Egrag Crypto shares a potential price trajectory for XRP to reach $2.90. Firstly, the analyst notes the asset has been moving between $2.27-$2.50 confirming a market move to gather momentum for a major price breakout in an upward direction. This notion follows a previous prediction whereby a price fall below $2.27 could have set XRP for a decline to around $2.17. However, in order to initiate any uptrend, Egrag stresses it is important that XRP closes above $2.50 on its hourly chart, which should result in a significant price gain. Thereafter, the altcoin is expected to retest $2.60. This suggests the need for market bulls to mount high-buying activity at this price level which is to function as a strong support zone that propels future price gain. Following a successful retest at $2.60, Egrag predicts XRP will resume its bullish trajectory, reaching a local peak of $2.90, leaving the asset just 24.4% away from its all-time high. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down XRP Potential 2017 Repeat Predicts New ATH In January Following XRP’s price surge in November, analysts have re-echoed the possibility of the altcoin mirroring its first-ever major bull run from 2017. X analyst Crypto Bull has most recently dropped a take on this discourse stating XRP could hit a new all-time high on exactly January 2 if the 2017 cycle repeat proves true. Furthermore, the crypto analyst also predicts altcoin to be trading at $10 on January 15 representing a potential 4.16x on XRPs current market price. Interestingly, certain XRP enthusiasts such as X user XRPE_Nomad expect the altcoin to produce a better performance than from 2017 based on its increased utility and better regulatory clarity. Generally, optimism around the third-largest cryptocurrency has been high following Donald Trumps victory in the US Presidential elections which guaranteed the replacement of SEC Chairman Gary Gensler and a potentially swift end to the legal saga between the Commission and Ripple. At the time of writing, XRP trades at $2.40 reflecting a 1.18% loss in the past day. Meanwhile, the coins daily trading volume valued at $7.48 billion has declined by 16.67%. Featured image from The Giving Block, chart from Tradingview
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