What will happen to the XRPUSD price in 2024 according to technical analysis?

Based on technical analysis, it can be assumed that in 2024 there will be a gradual increase in the coin with subsequent corrections. The price range is expected at $0.56 and $0.68. In this case, it is necessary to take into account the news background, so do not forget to set Stop Loss.

Ripple price forecast: how much will XRP cost in 2024, 2025 - 2030

Analyzing the above chart, one can notice a significant spike in the price of the asset, followed by a pullback. Although the price has gone through some decline, investors still have faith in XRP as the accumulation continues to grow. XRP has now overcome psychological resistance, possibly due to accumulation activity.

According to the bullish price forecast, XRP is expected to trade in a range of $0.56 to $0.74 in 2024. The bearish price forecast indicates that XRP could fall to $0.41. If the accumulation continues and XRP shows strong bullish sentiment, it could break through the $1 level.