#XRP Price Prediction with Consolidation at $0.60: Massive Price Surge?

Brad Garlinghouse, Ripple's CEO, expects the cryptocurrency market size to reach $5 trillion this year because to macro factors including the first U.S. spot bitcoin ETFs and the bitcoin halving event.

Key Findings:

Due to institutional investments and bitcoin halving, Garlinghouse expects the #crypto industry will double.

The first spot bitcoin ETFs were authorized by the SEC, enabling cryptocurrency investing.

The mining incentive will decrease after the bitcoin #halving this month

The SEC approved spot bitcoin ETFs in January6, allowing investors to trade bitcoin on U.S. stock markets without ownership.

Garlinghouse's positive market forecast is boosted by the forthcoming bitcoin halving, which traditionally affects supply and market dynamics.


Predict $XRP Price

The sixth-largest cryptocurrency by market value, XRP, trades at $0.61 with a 24-hour volume of $2.44 billion.

Its $34 billion market worth remains strong despite a roughly 1% drop yesterday. XRP has 55 billion circulating supply out of 100 billion.

XRP Tech Outlook

On the four-hour chart, XRP has a pivot point at $0.63 and durability at $0.60, supported by an upward price channel.

Maintaining XRP above this support indicates market stability. Any drop below might exacerbate a negative trend and bring prices to $0.5826 and $0.5631.

Resistance at $0.64850 is immediate. Surpassing this level might push XRP to $0.66200 and $0.68056.
After the pivot, support is $0.60158, with $0.58269 and $0.56311 offering further protection.

Technical indicators:

The RSI is 57, showing neutral to slightly optimistic mood.
If XRP stays above $0.6015, the 50-day Exponential Moving Average (EMA) above $0.5940 supports a positive trend.

Conservatively hopeful, XRP might rise if it trades over $0.6015.

If the $0.63417 pivot point breaks, investors may see a positive move toward $0.64850 and above.

XRP's short-term trajectory depends on this technical level, since falling below $0.6015 might ignite a major selling trend.