|

XRP Price Prediction: Ripple needs to hold $1.27 in order to allow for 35% move

  • XRP price has been consolidating near a crucial resistance level at $1.27.
  • Remaining above $1.27 will likely trigger a 35% ascent to $1.70.
  • If Ripple fails to hold above $1.09, it will invalidate the bullish thesis.

XRP price rallied after forming the third swing low on August 31. However, this upswing may not be enough to sustain it above a critical barrier. As Ripple continues to consolidate near this barrier, a massive rally awaits.

XRP price anticipates huge gains

XRP price rose 21% between August 31 and September 3, retesting the $1.27 resistance barrier. However, over the past 48 hours, Ripple has failed to cross this key hurdle, which is keeping the altcoin from gains.

A decisive daily candlestick close above $1.27 will confirm a breakout and propel the remittance token by 27% to tag the upper limit of the fair value gap. If the buying pressure continues to persist, XRP price will likely climb to tag the subsequent ceiling at $1.70. This move would represent a 35% ascent from the current position.

Although a further ascent is plausible, Ripple is likely to retrace and gather steam.

XRP/USDT 1-day chart

XRP/USDT 1-day chart

On the other hand, a failure to breach through the $1.27 resistance barrier will indicate a weakness among buyers. Such a development could also lead to a potential sell-off, pushing XRP to retest the August 31 swing low at $1.09.

If Ripple produces a lower low below $1.09, it will invalidate the bullish thesis and increase the chances of a sell-off.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Editor's Picks

Top 3 Price Prediction: BTC gains strength as ETH and XRP selling eases

Top three cryptocurrencies, Bitcoin, Ethereum, and Ripple, are holding steady on Wednesday after a bullish close the previous day. The mild recovery hints at an extended rally as the prevailing bearish pressure eases. Bitcoin trades at $82,930 on Wednesday, holding a bullish near-term bias following a mild rebound the previous day.

Ethereum staking hits record, but yield and fee revenue fall

Ethereum staking reached a record 43.8 million ETH in Q3 2026 amid a decline in annualized staking yields, according to crypto asset manager Bitwise. In its Q4 staking report on Tuesday, Bitwise stated that staked Ether accounted for 35.9% of the asset’s total supply by the end of the quarter. Net staking inflows reached 1.99 million ETH, marking the sixth straight quarter of growth.

 Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support

Bitcoin's correlation with the Nasdaq is rising again after last week's decline alongside tech stocks, even as macro pressures place the $82,500 support at risk. In a report on Tuesday, K33 Research highlighted that Bitcoin has resumed its correlation with the tech-heavy Nasdaq after last week's price movements.

 Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support
Bitcoin's (BTC) correlation with the Nasdaq is rising again after last week's decline alongside tech stocks, even as macro pressures place the $82,500 support at risk. In a report on Tuesday, K33 Research highlighted that Bitcoin has resumed its correlation with the tech-heavy Nasdaq after last week's price movements.
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.