Ripple Price Prediction: XRP is on the cusp of a massive price movement


  • Ripple price is bounded inside an ascending triangle pattern formed on the daily chart.
  • Several indicators show the price is ready for a breakout in the short-term.

XRP price is currently at $0.253, right below a critical barrier at $0.26, which has been tested several times throughout the past two months. A breakout above this point can easily drive XRP price towards $0.30. 

XRP bulls need to crack $0.26 for good

XRP price has pierced through the critical resistance level at $0.26 several times in the past but never managed to close above it. The 100-SMA on the daily chart is also established at $0.26, adding even more strength to the level.

xrp price

XRP/USD daily chart

Additionally, the Bollinger Bands are squeezing significantly after a period of stagnation. The upper Band coincides with the 100-SMA and the upper boundary of the ascending triangle pattern on the daily chart. A breakout above this critical point can quickly drive XRP price towards $0.30.

xrp price

XRP Holders Distribution chart

The Holders Distribution chart shows a notable increase in the number of holders with at least 10,000,000 XRP coins from a low of 304 on November 2 to 310 currently. This growth of whales signifies a developing interest in the digital asset despite the current flat price action. 

xrp price

XRP/USD 12-hour chart

Despite the bullish metrics, XRP price got rejected from $0.26 again. On the 12-hour chart, the 200-SMA also coincides with the same level adding even more strength to it. The closest bearish price target following this rejection is $0.247, which is the 50-SMA on the 12-hour chart and also on the daily chart

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

SafeMoon price eyes a pullback amid oversold conditions before next downswing kicks in

SafeMoon price brought an end to its ten-day-long range trade at lower levels, following a daily closing below the rising trendline support at $0.00000236 that validated a bear flag formation. RSI peeps into the oversold territory, warranting caution for the bears. Therefore, a rebound could be in the offing before SAFEMOON price resumes the next downswing. 

More SafeMoon News

Cardano price awaits acceptance above this key hurdle to initiate rally towards $1.45

Cardano awaits a range breakout from two key averages on the 12H chart. An impending bull cross and bullish RSI keep the ADA buyers hopeful. ADA price eyes a rally to 200-SMA at $1.4545 on a firm break above 100-SMA. 

More Cardano News

XLM price gearing up for a big move above $0.2870

Stellar price is alternating between gains and losses around $0.2800 so far this Saturday, looking out for a strong bullish catalyst to extend the recent uptrend. XLM price remains primed for a bullish breakout from the triangle above $0.2870.

More Stellar News

Ethereum Price Prediction: $2500 - a tough nut to crack for amid impending death cross

Ethereum’s daily chart shows that the price is lacking a follow-through upside momentum, as the bears are awaiting confirmation of a death cross formation. However, with the RSI still trending above the midline, the ETH buyers could defy the bearish warning. 

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES



Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP