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The Ripple price prediction shows that XRP may exceed the 9-day and 21-day moving averages to hit the resistance level of $0.550.
Ripple Prediction Statistics Data:
- Ripple price now – $0.522
- Ripple market cap – $29.67 billion
- Ripple circulating supply – 56.81 billion
- Ripple total supply – 99.99 billion
- Ripple Coinmarketcap ranking – #7
Ripple (XRP) has demonstrated remarkable price evolution since its inception, particularly for early investors. Starting at an all-time low of $0.002802 on July 4, 2014, it has surged by an impressive 18,611.14%, showcasing the potential for significant returns. Although it peaked at $3.84 on January 4, 2018, and is currently trading between $0.5196 and $0.5284, representing a decline of about 86.35% from that high, XRP’s long-term growth highlights the opportunities available for those who engage early with promising crypto projects.
XRP/USD Market
Key Levels:
Resistance levels: $0.600, $0.620, $0.640
Support levels: $0.450, $0.430, $0.410
XRP/USD’s recent market activity has shown weak performance compared to other major cryptocurrencies, such as Bitcoin, Solana, and Phantom. While other coins have benefited from Bitcoin’s dominance, XRP has lagged, displaying a downtrend in shorter time frames and consolidation in longer ones. This underperformance suggests limited investor enthusiasm and positions XRP as one of the weaker assets among major altcoins.
Ripple Price Prediction: Would XRP Head to the North?
On the technical front, XRP faces a resistance zone between $0.535 and $0.540. If this level is surpassed, it could open the door for a rally toward $0.560 to $0.575, where further resistance awaits. This resistance is significant, and a breakthrough would signal increased bullish sentiment, potentially setting the stage for a price surge in the near term. However, any further bullish movement may locate the nearest resistance levels at $0.600, $0.620, and $0.640.
Meanwhile, XRP’s price is at a critical juncture. Traders should closely monitor the $0.535 – $0.540 resistance level and stay attuned to developments in the SEC case, as a favorable outcome could significantly boost XRP’s price. If the resistance holds, the likely outcome would be consolidation or even a further price drop. Thus, XRP’s short-term trajectory remains highly sensitive to both technical factors and regulatory news. But, any slide below the channel could hit the support levels of $0.450, $0.430, and $0.410 respectively.
XRP/BTC Moves Bearishly
Against Bitcoin, the Ripple price is moving below the 9-day and 21-day moving averages as the bears dominate the market. On the downside, if the market price drops below the lower boundary of the channel, the next support level may surface at 700 SAT to locate further key support at 625 SAT and below if the sell-off later becomes huge.
On the upside, if the bulls push the price above the moving averages; further bullish movement may hit the potential resistance level at 835 SAT and above. The 9-day moving average is seen hovering below the 21-day moving average, which may increase the bearish movement within the channel.
With a following of over 52,000 on X (formerly Twitter), @MichaelXBT shared an exciting update, stating that a historic breakout for $XRP could be on the horizon. “In all my years of trading crypto, I have NEVER seen a 7-year-long bull pennant,” he explained. “We might be about to witness one of the most significant breakouts in crypto history 📈.”
$XRP Historic Breakout Incoming 📈
In all my years of trading crypto I have NEVER seen a 7 year long bull pennant
We might be about to witness one of the most significant breakouts in crypto history pic.twitter.com/X4H5otlcAM
— Crypto Michael (@MichaelXBT) July 17, 2024
Ripple Alternatives
The fundamental aspect of XRP’s price movement largely revolves around Ripple’s ongoing legal battle with the SEC. Market sentiment indicates that a favorable outcome or a change in SEC leadership could positively impact XRP’s price. This expectation is tied to potential regulatory shifts, especially if governance changes result in a more crypto-friendly stance from the SEC. Nevertheless, Pepe Unchained’s fundraising success, with over $23.5 million in presale, highlights strong financial backing and investor confidence. Paired with an active community-building effort, the project aims to prepare users for a potential bull market, as emphasized by the speaker’s call to action.
Can Pepe Unchained Survive?
Supported by over $23.5 million raised in presale and a dedicated community, Pepe Unchained is well-positioned for substantial growth as it heads toward its full launch. Now is the time to invest in this innovative project and seize the opportunity to benefit from its impressive roadmap and strong market momentum.
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