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Ripple (XRP) Price Forecast – XRP’s Tide Aims to Surge by 10%

Ripple (XRP) Price Forecast - XRP's Tide Aims to Surge by 10%
Ripple (XRP) Price Forecast - XRP's Tide Aims to Surge by 10%

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The price of Ripple dropped a little, about 0.5%, in the past day, and it’s now at $0.499. While this decline is in line with the entire cryptocurrency market, which also decreased by 0.20% on the same day, XRP’s 24-hour trading volume was significantly down by around 18% to $390.99 million.

Over the past week, XRP lost more than 0.50% of its value, continuing the drop that began in August (-21%). This downturn can be attributed to recent issues in the market, such as delays in Bitcoin ETFs. These problems offset some of the gains XRP made after Ripple’s legal victory against the SEC in July.

Nevertheless, if we look at the whole year, XRP has gained around 41%.

XRP Price Recovers Above $0.50 Support – Could Selling Pressure Be Ending?


Source: TradingView Daily Chart

XRP’s price has dropped below the 100-day average, while its support level is rising after a long period of decline. This suggests that XRP might perform better in the coming weeks or even days.

Considering these positive signals, it’s likely that XRP could make a significant comeback and reach $0.6110 again in the next few weeks.

XRP Statistics:

  • XRP’s Price – $0.4799
  • XRP market cap – $26.52 Billion
  • XRP circulating supply – 53,083,046,512 XRP
  • XRP total supply – 99,988,441,546 XRP
  • XRP CoinMarketCap ranking – 5
Source: CoinMarketCap

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