Ripple's XRP Price Prediction Is on the Verge of a 23% Breakout

Lutfi

Ripple's XRP Price Prediction Is on the Verge of Breaking 23
Ripple's XRP Price Prediction Is on the Verge of Breaking 23

Rancakmedia.com – Ripple's XRP price was stuck in a slump for about a month but continues towards an inflection point. A breakout of this hurdle might trigger a major rally for the remittance coin.

XRP price has been stuck below a descending resistance level for more than a month. So far, all efforts made by the bulls have failed to break through this hurdle. However, the current increase in buying pressure appears to have brought the XRP price back towards retesting this barrier.

Ripple's XRP Price Expected to Rise Again Soon

A definitive close above $0,900 would signal a breakout of this upper limit and mark the start of an uptrend. In this case, XRP price will try to retest the $0,950 hurdle.

Clearing the sector will pave the way to revisit the $1,030 resistance level and accumulate liquidity above it.

In short, this XRP price increase would suggest a 23 percent upside from the current level – $0,828. The short-term goal for XRP is $1,030, but if bullish momentum increases, the price could rise to $1,100, representing a 33% upside.

Ripple's XRP Price Expected to Rise Again Soon

On the other hand, if the XRP price fails to break the descending trend line, it will imply a weak buying impulse.

If the seller chooses, they may reduce the remittance token to $0,688. A downside move below this level would go against the bullish thesis for Ripple's XRP price and possibly crash it below $0,612.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.