Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
XRP is down -5.67% today against the US Dollar
XRP/BTC decreased by -3.40% today
XRP is currently trading 16.67% below our prediction on Oct 07, 2024
XRP gained 5.56% in the last month and is up 15.24% since 1 year ago
XRP price $ 0.587119 XRP prediction $ 0.704534 (17.14%) Sentiment Neutral Fear & Greed index 42 (Fear) Key support levels $ 0.581489, $ 0.564328, $ 0.538444 Key resistance levels $ 0.624534, $ 0.650418, $ 0.667579
XRP price is expected to rise by 17.14% in the next 5 days according to our XRP price prediction
XRP price today is trading at $ 0.587119 after losing -5.67% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.74% in the same time period. XRP performed poorly against BTC today and recorded a -3.40% loss against the world’s largest cryptocurrency.
According to our XRP price prediction, XRP is expected to reach a price of $ 0.704534 by Oct 07, 2024. This would represent a 17.14% price increase for XRP in the next 5 days.
XRP Price Prediction Chart
Buy/Sell XRP
What has been going on with XRP in the last 30 days
XRP has been displaying a positive trend recently, as the coin gained 5.56% in the last 30-days. The medium-term trend for XRP has been bullish, with XRP increasing by 29.94% in the last 3 months. The long-term picture for XRP has been positive, as XRP is currently displaying a 15.24% 1-year price change. On this day last year, XRP was trading at $ 0.509497.
XRP reached its all-time high price on Jan 04, 2018, when the price of XRP peaked at $ 3.92. The current XRP cycle high is $ 1.98, while the cycle low is at $ 0.113268. XRP has been displaying low volatility recently – the 1-month volatility of the coin is at 4.95. XRP recorded 16 green days in the last 30 days.
XRP technical analysis for today - Oct 02, 2024
The sentiment in the XRP markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 0.581489, $ 0.564328 and $ 0.538444, while $ 0.624534, $ 0.650418 and $ 0.667579 are the key resistance levels.
Neutral sentiment for XRP
18 indicators are currently signaling a bullish prediction for XRP, while 11 indicators are showing a bearish forecast. With 62% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for XRP.
Crypto market is currently experiencing Fear
Currently, the Fear & Greed index is at 42 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
XRP moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how XRP is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 0.601899 (SELL) $ 0.588127 (SELL) - - MA5 $ 0.604657 (SELL) $ 0.583391 (BUY) - - MA10 $ 0.598057 (SELL) $ 0.579376 (BUY) - - MA21 $ 0.593453 (SELL) $ 0.575420 (BUY) $ 0.513514 (BUY) $ 0.552693 (BUY) MA50 $ 0.573490 (BUY) $ 0.560409 (BUY) $ 0.605394 (SELL) $ 0.548072 (BUY) MA100 $ 0.554596 (BUY) $ 0.547846 (BUY) $ 0.540794 (BUY) $ 0.544777 (BUY) MA200 $ 0.553236 (BUY) $ 0.546860 (BUY) $ 0.637975 (SELL) $ 0.528835 (BUY)
Period Value Action RSI (14) 54.85 NEUTRAL Stoch RSI (14) 12.10 BUY Stochastic Fast (14) 50.23 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 17.96 NEUTRAL Awesome Oscillator (5, 34) 0.04 NEUTRAL Momentum (10) 0.03 NEUTRAL MACD (12, 26) 0.00 NEUTRAL Williams Percent Range (14) -49.77 NEUTRAL Ultimate Oscillator (7, 14, 28) 50.92 NEUTRAL VWMA (10) 0.61 BUY Hull Moving Average (9) 0.62 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 0.58 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for XRP is at 54.85, suggesting that XRP is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of XRP over the last 50 days. Currently, XRP is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XRP closing price for the last 200 days. XRP is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this XRP prediction
After considering the above factors, we can conclude that the current forecast for XRP price prediction is Neutral. XRP would have to increase by 17.14% to hit our $ 0.704534 target within the next five days. Moving forward, it will be important to monitor the XRP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term XRP price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
