In our last XRP price prediction, we wrote that the price could break out soon and how XRP entered a buy zone. We could see this by the fact that other cryptocurrencies have already broken out of patterns, and only Ripple was lagging. Furthermore, we already had a bullish divergence, which also caused the price to break out to the upside. Now it has happened and the course was already able to record a plus of 16% this Monday. But how could things continue in the medium-term? Where are the targets? Let’s talk about Ripple and XRP!
Ripple Price BOOM – How far will XRP go upwards?
About a week ago, Ripple price was assumed to only rise to about $0.71. That was a first target profit-taking area. However, today the price broke this resistance and went straight up to the next one. This is +/- $0.78. Since we have already tested the resistance, we might correct it back lower for a short time. Thus, the XRP price could catch some air to rise even further. We see it as likely that the price will break the $0.78 resistance and rally to $0.86.
Can XRP Price reach 1$ soon?
If we look at the Ripple price indicators, we can see that the price is not yet in the overbought zone. As a result, we expect the price to rally somewhat before a major rebound follows. There could of course be small corrections, but they will probably not be visible in the daily chart. Once the price reaches $0.86, we might look for further price increases specifically towards the 1$ psychological level.
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