Ripple Price Prediction as XRP Sees Bears Seize Control. How Low Can Coin Go?

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XRP’s price prediction remains uncertain as bears take control. Coin’s downward trend has investors wondering how low it can go. In determining XRP’s future trajectory, market sentiment, regulatory developments, and overall crypto market conditions will play a significant role.

In the last 24 hours, the XRP price increased by 0.97% to reach $0.7022, while the overall crypto market remained relatively steady. The trading volume for XRP stands at approximately $1.767 billion.

However, in the past week, XRP faced a decline of 8.13%, losing some of the momentum it gained after the Ripple-SEC ruling rally.

On a more positive note, XRP has seen a notable increase of 40.40% in the last month. Keep an eye on XRP’s performance as it navigates the crypto market!

XRP Statistics:

Coinmarketcap ranking – #5
Today’s price – is $0.7022
market cap – $36.980 Billion
Circulating supply – 52,664,942,014 XRP
Total supply – 99,988,580,106 XRP
Maximum supply – 100,000,000,000 XRP

Ripple Price Prediction as XRP Sees Bears Seize Control. How Low Can Coin Go? — Source: CoinMarketCap

XRP’s Journey: Unraveling the Path of Resistance and Support Levels

XRP’s daily chart shows essential levels to keep an eye on. If it continues rising, it might face resistance around $0.7398. But don’t worry; if supportive buyers step in, there’s a chance for more gains.

On the other hand, if the price drops to $0.6681, an essential support level could prevent a significant decline. Even without breaking that support, there’s still potential for upward momentum. Attention to these levels will help you better understand XRP’s price movements. Stay vigilant!

Watch out for resistance at $0.7398, $0.7861, and $0.8217, and support at $0.6681, $0.5888, and $0.5224.

It’s essential to keep the price above the 50-day and 100-day moving averages to see upward momentum. If it reaches $0.7450, that could be a positive sign.

These indicators suggest the price might rise soon. But it’s wise to use a stop-loss order if it falls below the moving averages. Being cautious can help you navigate the market wisely.

Moreover, the creator of the XRP cryptocurrency, Ripple, has big plans for the UK market. Excitingly, they’ve already applied for a license to operate, ensuring they comply with FCA regulations. Stay tuned for Ripple’s exciting developments in the UK!

#Ripple applies for a crypto license in the UK 🇬🇧 pic.twitter.com/noVKVb5O9c

— CryptoSavingExpert ® (@CryptoSavingExp) July 23, 2023

Alternative XRP

While XRP boasts strong fundamentals, significant price appreciation might take time, especially after its initial post-SEC rally. New altcoins with untapped potential may appeal to traders seeking faster and more significant gains.

Among them, Burn Kenny stands out as a promising cryptocurrency worth exploring. Burn Kenny‘s presale hit an impressive $499,824.58, just shy of its $500,000 cap.

The token received massive community support from the get-go, raising $350,000 within 15 hours of launching. As KENNY grows in popularity, many expect it to become the next big thing. Burn Kenny is going to take you on an exciting ride!

Get Ready for KENNY: The Explosive New Player in the Crypto World

It will be an explosive ride in cryptocurrencies because KENNY is the next big thing! Their clever marketing strategy has played a significant role in their success, and excitement is building.

The presale was fast; originally aiming for $500,000, it quickly exceeded expectations. A price pump seems almost inevitable on decentralized exchanges.

With a market cap of $1.25 million, KENNY is a hidden gem. It’s a golden chance for early investors.

KENNY’s early stakeholders can look forward to exclusive growth. The most remarkable thing about KENNY is it’s deflationary, meaning its value increases as coins burn.

The burn mechanism keeps KENNY’s price low within three days of the token listing. 30% of KENNY tokens are reserved for liquidity, so trading on decentralized exchanges runs smoothly.

Burn Kenny promises to lock in liquidity for three months, protecting investors from rug pullers. It’s an exciting and secure ride for KENNY with this rare move!