|

XRP Price Forecast: Ripple primed to surge to $1.30

  • XRP price faces stiff resistance ahead.
  • Only a 4-hour candlestick close above $1.18 could see Ripple target $1.30. 
  • Failing to do so could see it retrace to $0.84. 

XRP price continues consolidating without providing a clear signal for where it is heading next. Two significant barriers could define Ripple's fate. 

XRP price waits for volatility 

XRP price is currently tussling with the 100 four-hour Simple Moving Average (SMA) at $1.094, which coincides with the supply zone’s lower limit. Therefore, investors can expect Ripple to pull back by 10% into the demand zone that stretches from $0.948 to $0.985.

Interestingly, the 50 four-hour SMA at $0.942 is extremely close to the level mentioned above, so an XRP price correction here will mostly face extinction and allow buyers to kick-start a move higher.

Following the short-lived downswing, XRP price may push to the 100 four-hour SMA at $1.094. A successful breach of this level will allow the buyers to conquer the supply zone and send prices higher.

Only a decisive close above $1.183 will confirm a breakout for XRP price. Such a move will allow the bulls to carry the remittance token to retest the 200 four-hour SMA at $1.293.

XRP/USD 4-hour chart

XRP/USD 4-hour chart

On the flip side, if XRP price fails to hold above $0.934, it will invalidate the optimistic narrative. A spike in selling pressure will set the stage for a 9% drop to $0.84.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin

Hyperliquid price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.

Cardano Price Forecast: Strengthening momentum points to cautious upside extension

Cardano trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.

Crypto Overview: Bitcoin faces sell wall at $82,850 – Jupiter, Zcash rally

Bitcoin price tumbles below $80,000 on Monday amid improved odds of a rate hike with the robust US employment data. Institutional demand holds firm with crypto-focused Exchange Traded Funds recording nearly $1.25 billion in inflows last week. Jupiter and Zcash extend gains over the last 24 hours, leading the broader crypto market rally.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates near recent highs, ETH and XRP defend key bullish supports
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) maintain a constructive outlook on Monday after gaining more than 3.4%, 4% and 4.8%, respectively, last week. BTC holds steady near $80,000 while ETH and XRP show resilience and defend key support zones. The price action of these top three cryptocurrencies suggests consolidation or a mild pullback before an upside move.
Bitcoin: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.