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Ripple Price Prediction as Roblox Integrates XRP as Payment Method While This Presale Token Tops $500k

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XRP, also known as Ripple, appears primed for an upswing following a price decline that brought it to the demand zone at $0.47, which ‌attracted buyers.

The Roblox integration of XRP as a payment method confirms this trend. As such, analysts anticipate the XRP price to rise soon.

https://twitter.com/BitPay/status/1714092687945547943?s=20

BitPay’s announcement on X (formerly Twitter) on October 17 shows that Roblox, a popular online gaming platform boasting over 200 million active users, has accepted XRP for payments.

Roblox can be accessed on various platforms, including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4. The platform maintains a daily user base of 65.5 million.

What is the Price Prediction for Ripple XRP?

The coin is trading at $0.492 as of 4:57 a.m. EST, showing a 0.3% increase in the past 24 hours. Likewise, XRP’s daily trading volume has surged by 85%, reaching $1.1 billion.

Price Prediction for Ripple XRP
XRPUSD Price Chart by Tradingview.com

The XRP price faces resistance at $0.55, coinciding with the upper boundary of the ascending triangle pattern. This has resulted in a decline towards the triangle’s lower trendline, where it finds support at $0.47.

Despite this, the bulls maintain an advantage as the price remains within the triangle’s boundaries. This shows the demand for the price in this support zone. This situation could enable the bulls to regroup and increase the price, potentially surpassing the $0.55 mark.

Additionally, the 50-day and 200-day simple moving averages (SMA) at $0.50 and $0.42 act as resistance levels, requiring additional momentum for the bulls to overcome this challenge.

However, the relative strength index (RSI) has shown a notable recovery, steadily rising from its rebound level of 37 to its current position of 42. This neutral stance could push the RSI into the overbought zone at 70.

The XRP price projection suggests a bullish trend, with the potential to reach resistance levels of $0.53 and $0.69. Nonetheless, bears might capitalize on the 50-day SMA, currently serving as resistance for the price, possibly triggering a price decline toward the $0.45 and $0.38 resistance levels.

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