Unlike other crypto coins, Ripple hasn’t given a very sharp bullish movement to the holders. But, it has been rising slowly and could be in line for a good breakout.
In this article, we will look at XRP price prediction, weekly analysis along with the news roundup.
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XRP Price Prediction
XRP’s price has been showing a bullish trend, with a recent peak at $0.7440. The price has held key support this week, up 6.5% in the past seven days. Currently, XRP is trading around $0.63087369, a change of 3.46% over the past 24 hours.
The price is consolidating inside the ascending triangle. Currently, it is trying to break its horizontal resistance zone. A breakout would serve as a bullish confirmation. Keep an eye on it.
Weekly Price Analysis
The weekly performance of XRP has been promising, with the price fluctuating between $0.59778966 and $0.65409883. The token has managed to maintain a steady momentum, reflecting the positive sentiment in the market.
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The market sentiment towards XRP is bullish, with the Fear & Greed Index showing 74 (Greed). Technical analysis suggests that XRP’s price could rise by 6.75% and reach $0.674895 by April 22, 2024.
News Roundup
In recent news, XRP whales moved over 300 million coins, indicating a frenzy in the market as the SEC appealed for a final judgment on Ripple. Additionally, there is speculation about an unexpected flip for XRP, with predictions of a breakout to $1.
Conclusion
XRP’s current market performance and the positive outlook from analysts suggest a promising future for the coin. With strategic developments and a supportive community, XRP continues to be a significant player in the crypto market.
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.
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