Ripple Price BOOM! $XRP Price up 30% in 7 days, Jump on Board?
XRP price boomed on Monday morning and made more than 15% in the past 24 hours. Will XRP go higher? Where are the targets? Let's talk about XRP price!
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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Rudy Fares
Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.
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