XRP expects a price increase of at least 10% and is aiming for a $0.66
With a price objective of $0.6602, XRP is getting ready for a double-digit rise.
The XRPLedger native coin is showing signs of possible price appreciation based on technical indicators.
The price of XRP on Saturday is $0.5872.
As of this writing, one Ripple (XRP) token is trading for $0.5872. The native currency of XRP Ledger, XRP, is expected to see increases when the financial remittance service launches its stablecoin, Ripple USD (RUSD).
After the SEC's litigation against Ripple concluded, the agency did not take any action to appeal. Investors in XRP are waiting for anything to happen next.
Expect XRP to have a 12% increase
Since August, XRP has made almost three separate attempts to reverse its declining trajectory. This alternative cryptocurrency has the potential to reach a 50% Fibonacci retracement level of the decrease from $0.9380 in July 2023 to $0.3823 in July 2024, a further gain of 12.44%.
In the range of $0.5464 to $0.6217, XRP encounters opposition in the Fair Value Gap (FVG). You may see green histogram bars above the neutral line on the Moving Average Convergence Divergence (MACD) momentum indicator. What this indicates is that the XRP price trend is fundamentally going in the right direction.
Another indicator of good momentum in the XRP price movement is the MACD line crossing over the signal line.
Between $0.5188 and $0.5715, XRP may encounter support in the FVG. On the daily time period, this is an imbalance zone. If XRP is able to gather buyers in this area, it may try to make a comeback and push up against the $0.6310 barrier, which represents the altcoin's all-time high from August 24.
