How Many Dollars Is 1 XRP? Will XRP Rise After Bitcoin Halving? Analyst Commented.

Despite the price rise experienced by the XRP community, the expectation of a major breakout continues to be expected. After years of consolidation, it could potentially exceed the $1 level again. The current situation arose during the process when Ripple, the issuer of XRP, was waging a legal battle with the Securities and Exchange Commission (SEC).

In addition, Egrag Crypto, which attracted attention with its comments on the XRP side, pointed out historical price movements and stated that XRP may be on the verge of an upward price movement, and that this situation could potentially move the price above $ 1.

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According to the expert, the existing support level may be a turning point for XRP to rise, and the token has a successful history of recording rapid and strong price increases from such situations.

It was also stated that if the scenario mentioned by the analyst comes true, XRP's Fibonacci levels between $ 1.2 and $ 1.6 could be remarkable levels.

Historically, XRP has exhibited fast and powerful pumps. Could we witness a similar movement soon? Potential targets Fib levels start at 1.272, 1.414 and 1.618.

In order for XRP to reach its current value, the token price must remain above the $0.50 level, which is the critical support point that remains in existence as of today. The current level could also pave the way for the token to potentially surpass consolidation above $0.70.

As of press time, XRP is trading at $0.5274 and has positioned itself as one of the highest-earning tokens in the crypto market in the last 24 hours, due to an increase of 4.81%. In addition, it is seen that XRP is experiencing an increase of over 7% in the weekly outlook.

The market volume of XRP also started to rise after a long time and surpassed the level of 29 billion dollars. This volume positions it at 7th place. The 24-hour transaction volume decreased by a remarkable 35% and amounted to 1.3 billion dollars.
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