The post Ripple Price Analysis: How High Can XRP Price Go? appeared first on Coinpedia Fintech News
The Ripple price has maintained its limelight in the cryptocurrency market with an impressive price performance this month. Reportedly, with a market capitalization of $64.601 billion, this crypto token has maintained its value above the $1 mark.
With the altcoin recording a ~100% surge over the past week, will the bullish sentiment push the Ripple price toward its $2 mark this year? You are minutes away from finding out the possibilities.
Ripple Price Surpasses $1 For The First Time Since November 2021!
The XRP price has added 6.93% to its portfolio in 24 hours with a trading volume of $10.001 billion. Moreover, it has surged 94.71% over the last seven days and 107.42% during the last 30 days.
The EMA 50/200-day has experienced a Golden Cross in the daily time frame. This suggests a strong buying pressure for the altcoin in the crypto market.
Further, the Relative Strength Index (RSI) continues hovering above the overbought range with its average trendline recording a significant rise in the Ripple price chart. This indicates that the price may continue gaining value in the upcoming time.
Is XRP A Strong Buy?
If the bullish sentiment sustains, the Ripple price may retest its resistance level of $1.1420. Furthermore, if the bullish sentiment intensifies, this could push the XRP coin price toward its upper resistance level of $1.31 during the upcoming time.
Conversely, if the bears overpowered the bulls, the altcoin will retest its support level of $1. Moreover, if the market favors the bears, this could pull the XRP coin price toward its lower support level of $0.8750 this month.
Curious to find out when will XRP price will hit $2. Read CoinPedia’s Ripple Price Prediction and also subscribe to us to stay updated on the latest crypto news!
FAQs
The Ripple price has maintained its value above the $1 mark. This highlights a strong bullish outlook for it in the upcoming time.
With a potential surge, this altcoin may cross the $2 mark with a potential high of $2.49.
The Ripple token may retest its all-time high in the coming time if the market regains trust in this project.
