The Ripple price prediction is rising with a gain of 3.92% over the past 24 hours as the coin rises above the $0.60 level.
Ripple Prediction Statistics Data:
Ripple price now – $0.62
Ripple market cap – $34.9 billion
Ripple circulating supply – 55.9 billion
Ripple total supply – 99.9 billion
Ripple Coinmarketcap ranking – #7
Being early to crypto projects is often recommended to maximize potential gains. Since its all-time low price of $0.002802 on July 7, 2014, the Ripple (XRP) has surged by an astonishing +22211.94%, reaching a high of $0.634 in the past 24 hours. This remarkable growth highlights the significant opportunities early adopters can experience in the volatile world of cryptocurrency. However, it’s important to note that the token also reached an all-time high of $3.84 on January 4, 2018, and has since declined by -83.73%, illustrating the market’s inherent volatility.
XRP/USD Market
Key Levels:
Resistance levels: $0.75, $0.80, $0.85
Support levels: $0.50, $0.45, $0.40
XRPUSD – Daily Chart
XRP/USD remains stable with no significant changes from the previous day and no major news influencing the market. The current trading volume indicates an efficient market where credible news would already be priced. The market sentiment is one of anticipation, particularly regarding the Ripple and SEC settlement, with the open interest remaining flat and showing a lack of significant momentum. Therefore, if the buyers fail to push the coin to the upside, traders could expect the market price to break down as this could test the critical support levels of $0.50, $0.45, and $0.40.
Ripple Price Prediction: Can Ripple Go Bullishly?
Technically, XRP has lost its previous upward trend and is now in a consolidation phase. The price is trading within a tight range, between $0.63 and $0.59, indicating potential for volatility expansion or a breakout. However, this tight consolidation suggests that a significant market move could occur once new information is available or the price breaks out of this range. Therefore, if the bulls put more pressure, the Ripple price may cross above the upper boundary of the channel to hit the resistance levels at $0.75, $0.80, and $0.85.
Nevertheless, the 9-day moving average may need to stay above the 21-day moving average as the coin may create additional gains. In the meantime, the momentum for XRP is currently neutral, with no clear directional trend and low volatility. Meanwhile, the key event to watch is the Ripple and SEC settlement, which could significantly impact market dynamics. Until then, the market is expected to remain in this tight range with low volatility, awaiting new developments to trigger increased market activity.
XRP/BTC Spikes to the Upside
Against Bitcoin, the Ripple price is hovering above the 9-day and 21-day moving averages to touch the resistance level of 967 SAT. However, after touching the daily high, the Ripple (XRP) retreats a little as the price begins to slowly ascend and it is currently trading around the 945 SAT. Moreover, XRP/BTC is now contained within the channel as traders wait for the bulls to hopefully push the price above the channel.
XRPBTC – Daily Chart
On the upside, if the bulls can keep the coin above the moving averages, traders can expect the coin to reclaim the resistance level of 967 SAT. Above this, higher resistance could be located at 1050 SAT and above. Alternatively, If the market heads toward the lower boundary of the channel, XRP/USD may hit critical support at 820 SAT and below.
Meanwhile, @jaydee_757 shared an analysis with his over 37k followers on X (formerly Twitter), highlighting that XRP’s monthly close is tomorrow. He noted that the last time all three oscillators had a bullish cross, XRP increased 600x in one year. He raised the question of whether we will see a bullish cross-confirmation in August and announced that he will post five detailed XRP technical analyses on Patreon and Discord.
#XRP – monthly close tomorrow! Last time all 3 oscillators had BULLISH CROSS, $XRP 600x in 1 year!
Will we have a bullish cross confirmation in August?! Will post 5 detailed XRP TA on Patreon/Discord!
200 Retweets, I'll post update on X this weekend! Lets be the 5% who wins!… pic.twitter.com/I0TQn1uyVL
— JD 🇵🇭 (@jaydee_757) July 30, 2024
Ripple Alternatives
At the moment, the Ripple price may recover toward the resistance level of $0.70. Meanwhile, the initial break above the upper boundary of the channel could boost the price and the coin may create another high if the coin crosses above the resistance level of $0.65. Nevertheless, with just 1 day and 21 hours remaining until the next scheduled price increase, PlayDoge is experiencing rapid sales velocity in its ongoing presale. The project has already amassed $5.9 million, indicating a robust and growing community despite the current cautious climate in the broader cryptocurrency market.
PlayDoge Could Be The Next Major Meme Coin With The Play To Earn Game
Interested investors can participate by connecting their wallets to the PlayDoge platform, with Wallet Connect being a recommended method. For instance, purchasing 2 Ethereum worth of PlayDoge would yield approximately 1,236,539 tokens. The presale interface facilitates a seamless transaction process, allowing users to easily determine and execute their desired investment amount.
Visit PlayDoge
Related News
XRP Price Pumps 8% Amid Optimism Over SEC Settlement As Experts Say This P2E Dogecoin Might Be The Best Crypto To Buy Now
Data Reveals US Government Is A Shiba Inu Whale As SHIB Rival PlayDoge Closes On $6 Million In Presale
