The post Ripple Price Analysis: XRP Price To Breakdown Or Breakout This Week? appeared first on Coinpedia Fintech News
Story Highlights
The Ripple price stabilizes above the $1.4 mark, indicating strong support.
The technical indicators record increased volatility and eyes to retest higher price targets.
A potential reversal could push the price toward the $2 mark this year.
The XRP token has maintained its value above the psychological barrier of $1.4 this week. This suggests a strong buying point at that level. Further, with a market cap of $80.17 billion, the Ripple price is on the path of challenging Binance (BNB) for the 5th position in the market.
With the Ripple crypto recording a neutral price action since the week started, will this altcoin experience a bullish reversal and hit a new 52-week high? Or will it display a strong bearish pullback and retest its lower support levels?
XRP Coin Price Stabilizes Above The $1.4 Mark!
With an intraday jump of 5.46% and a trading volume of $7.830 billion, the Ripple price has reclaimed the $1.40 mark. Notably, this altcoin has soared over 25% in the last seven days and 171.91% this month alone.
TradingView: XRP/USDT
The Relative Strength Index (RSI) continues hovering above the overbought range with its average trendline recording a similar price trend. This indicates a bullish outlook for the altcoin this week.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the daily time frame, with its averages recording a similar price action in the XRP price chart. This suggests a mixed price sentiment for the 06th largest cryptocurrency.
Will XRP Price Hit $2 This Year?
Suppose, the bulls regain momentum, in that case, the Ripple price will retest its resistance level of $1.50 this week. Further, if the bullish sentiment intensifies, this could push the XRP crypto toward its upper resistance level of $1.75 in the upcoming time.
However, if the bears outrun the bulls, this altcoin could retest its support level of $1.250. Moreover, if the bulls fail to regain momentum at that point, this could result in it plunging toward its low of $1.00.
Curious to explore the multi-year price targets of the Ripple token? Read CoinPedia’s XRP Price Prediction and also subscribe to us to stay updated on the latest cryptocurrency news!
FAQs
Will XRP reach $100?
For Ripple Price to achieve this price target, it will require a surge of 6,880.80% in its valuation.
Can Ripple reach $5?
If the bullish sentiment sustains, the XRP price may achieve the $5 mark by 2028.
How much will 1 XRP cost in 2030?
With increased adoption and bullish action, the Ripple token could reach a maximum price of $8.36 in 2030.
