Following the recent SEC appeal filed earlier today, per a Coinfomania report, XRP’s price has sharply bottomed, worsened by the overall market dip caused by rising tensions in the Middle East. Currently, XRP is cruising at $0.602, up by 0.60% over the past 24 hours.
The price chart shows a bearish breakout from an ascending triangle, nullifying the bullish setup. While there is some temporary support around $0.50, as selling pressure continues, it could push the price down further to the next significant support level at $0.42.
Ripple (XRP) price. Source: TradingView
XRP Price Analysis and Prediction
XRP has decisively broken below a critical ascending trendline, which had served as support since early July. The $0.65 resistance level, repeatedly tested and rejected, is proving too strong for the asset. With this recent rejection, XRP is likely heading toward lower support zones.
Key Support and Resistance Levels
Support at $0.425: This immediate support marks a potential 18.97% drop from the current price, highlighted in green on the price chart.
Resistance at $0.65: This previous high remains a significant hurdle that will be difficult to surpass without a strong surge in buying volume.
At press time, the Relative Strength Index (RSI) is below 40, signaling oversold conditions. However, with the RSI at 30.06, there may still be room for further downside before a rebound can be expected. The On-Balance Volume (OBV) line is also trending downward, indicating weaker buying pressure and the possibility of more losses.
Ripple (XRP) Price Chart Analysis. Image Source: TradingView
Putting the breakdown of the ascending trendline and rejection at resistance in proper perspective, the short-term outlook suggests that XRP could drop to $0.425. This aligns with the measured move from the recent price breakdown.
Current XRP Market Health
As of now, XRP is trading at $0.602, with a projected increase of 4.29% to $0.615 by October 8, according to Coinfomania’s price analytics. Technical indicators show a “Sell” market sentiment.
Over the last 30 days, XRP has experienced positive movement on 16 out of 30 days, reflecting a 53% success rate. With a price volatility of -6.27%, the asset has seen moderate fluctuations. In the past 24 hours, XRP has clinched 0.70%, with a live market cap teasing $33.8 billion and, in all, over 56 billion XRP tokens in circulation.
Long-Term Price Predictions for XRP (2025-2030)
Chasing the news, XRP is predicted to cap at $1.09 and could bottom at $0.609 in 2025, with a mid-foot around $0.985.
For 2026, XRP may eye a maximum of $1.74, with a low of $0.89. The average trading value is drawn at $1.54.
The price of XRP in 2027 could shock investors, with a potential up of $2.62 and a low of $1.32. The mid-price may hover around $2.39.
2028 is expected to witness XRP hit a max of $4.26, with a $2.11 low and a humble mid-trading value of $3.89.
Going into 2029, XRP could seize a peak of $6.47, with the lowest value around $3.38. The average price may rest at $5.87.
Experts predict that in 2030, XRP’s max price will touch $10.47, with a $4.93 low and a middle value of roughly $9.45.
This outlook shows that while XRP faces short-term challenges, its long-term destination remains optimistic, with substantial growth forecasts for the coming years.
The post Ripple (XRP) Price Prediction 2024, 2025-2030: XRP Crashes After SEC Appeal, Is $0.42 the Next Stop? appeared first on Coinfomania.
