XRP re-listing might boost prices by double-digits to $0.66
Users cannot exchange XRP. XRP, Ledger's native coin, rose beyond $0.59 on Sunday.
XRP forecasts $0.6602 in July 2024, up roughly 12%.
The Robinhood website says Ripple (XRP) is back on the commission-free exchange. XRP is not yet traded, however users may observe its price chart.
XRP broke over major resistance at $0.5900 and is poised to rebound to its July 2024 top of $0.6602.
The commission-free exchange added Ripple's XRP cryptocurrency, but customers must wait to trade it. XRP Ledger's native coin was legalized and relisted on major crypto exchanges in July 2023.
Robinhood's zero-commission exchange now offers XRP and provides the price tracker. The website lets traders observe XRP and trade other cryptos. XRP holders await the exchange's announcement to start trading in the native token of the XRP Ledger.
Recently, asset management firm Grayscale created a single-asset investment fund for XRP. The development increases institutional capital inflow and utility for XRP, which might improve its price.
XRP might reach $0.6602.
According to the XRP/USDT daily chart, XRP has fallen for months from its July 2023 high of $0.9380. The cryptocurrency may rise double-digits after rallying 11.91% to the 50% Fibonacci retracement of the slide from July 2023's $0.9380 peak to July 2024's $0.3823 low.
The Moving Average Convergence Divergence (MACD) momentum indicator flashes green histogram bars above the neutral line, indicating bullish XRP price momentum.
The psychologically critical $0.60 level and $0.6217, the altcoin's July 31 low, may test XRP.
Down, XRP may find support around the Fair Value Gap (FVG) between $0.5745 and $0.5854.
