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The Ripple price prediction shows that XRP could renew the bullish trend after testing the support level of $0.581 today.
Ripple Prediction Statistics Data:
- Ripple price now – $0.587
- Ripple market cap – $33.0 billion
- Ripple circulating supply – 56.3 billion
- Ripple Coinmarketcap ranking – #7
Getting into crypto projects early can be highly beneficial, and Ripple (XRP) is a prime example of this. Since hitting an all-time low of $0.002802 on July 7, 2014, the token has surged by an astonishing 20,850.97%, demonstrating the rewards of early participation in the crypto space. Although its current price hovers between $0.5821 and $0.5986, it’s worth noting that XRP reached an all-time high of $3.84 on January 4, 2018, reflecting a significant 84.72% drop since then. Nevertheless, the remarkable growth from its lows underscores the potential of long-term investment in the right crypto projects.
XRP/USD Market
Key Levels:
Resistance levels: $0.680, $0.700, $0.720
Support levels: $0.500, $0.480, $0.460
XRP/USD has recently shown strong bullish momentum, outperforming many other cryptocurrencies despite a quiet overall market. This price movement has placed XRP among the top-performing assets, a position it has maintained for an extended period. The bullish continuation is driven by technical and fundamental factors, making it an asset worth watching closely.
Ripple Price Prediction: Ripple (XRP) Could Head to the North
From a technical perspective, XRP currently trades between $0.581 and $0.060, showing signs of consolidation within this range. However, the recent surge in long orders, reflected by increasing open interest, indicates that buyers are regaining control of the market. This has shifted the market sentiment to a more bullish stance, although there is still some caution due to the presence of short positions. On the fundamental side, XRP received a boost last week from the Grayscale private trust announcement, which significantly increased its price.
However, the Ripple price may likely approach a significant resistance level and a break above the $0.060 resistance could signal a potential bullish breakout, especially if accompanied by positive developments regarding the SEC case. If XRP manages to break through, it could rise toward the resistance levels of $0.680, $0.700, and $0.720 respectively. Meanwhile, there are risks involved, particularly if the SEC chooses to appeal, which could cause a sharp decline in XRP’s price and a slide below the lower boundary of the channel could lead to the supports of $0.500, $0.480, and $0.460.
XRP/BTC Keeps Ranging, What Next?
Against Bitcoin, the Ripple price is seen moving above the 9-day and 21-day moving averages. However, if the selling pressure continues, the Ripple price variation may head toward the lower boundary of the channel and may allow the coin to hit the nearest support at 900 SAT. Therefore, traders may continue to see negative moves within the market.
At the time of writing, XRP/BTC is hovering at 975 SAT as traders may expect critical support at 850 SAT and below. Meanwhile, if a bullish movement occurs and breaks toward the upper boundary of the channel; traders may confirm a bullish movement, and the potential resistance level could be found at 1100 SAT and above.
However, @abermixcrypto informed his followers on X (formerly Twitter) that if $XRP experiences another dip, it could present a major buying opportunity, potentially the last chance to get in at a lower price.
if $xrp was to fall back again, it’ll be a massive buy opportiunuty, pehaps the last one.#XRPCommunity #XRPHolders pic.twitter.com/wpweBICUS4
— abermix (@abermixcrypto) September 15, 2024
Ripple Alternatives
At the time of writing, Ripple (XRP) may drop below its daily low of $0.581, with a bearish cross potentially leading to further downside toward the next support at $0.575. Traders should watch the daily high of $0.596 for signs of a bullish reversal. Despite its volatility, Ripple’s established status and market capitalization suggest it will likely see stable, modest gains. In contrast, Pepe Unchained, currently in presale, offers higher-risk, higher-reward potential due to its lower market cap and strong presale performance, having raised nearly $13.4 million. While early investors can buy $PEPU at a lower price, past presales have had mixed results post-launch.
WILL PEPU 10X AFTER LAUNCH?
Investing in the Pepe Unchained token offers a strong opportunity for early profits, backed by nearly $13.4 million raised in its presale phase. The project is actively developing key features like a layer-2 blockchain, decentralized exchange, block explorer, and bridge, signaling its commitment to long-term success. Early investors can benefit from buying at a lower price, with potential gains from future centralized exchange listings and increased visibility on platforms like CoinMarketCap. While high-risk, the project’s solid financial backing and active development make it a promising investment for those looking for substantial returns.
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