This article tackles the latest development in XRP prices from a technical and fundamental viewpoint. Despite Ripple’s low momentum, this XRP Price Prediction will show how XRP managed to gain more than 20% in the past 7 days. What’s going on with XRP?
For an extended period, Ripple’s cryptocurrency XRP was known to be the third-largest cryptocurrency by market capitalization. Enthusiasm around a lighting-fast crypto transfer along a company working on business development was a definite plus for Ripple company. This business advantage started to shrink with time, as many other projects picked up and made similar accomplishments. Some of them rolled new features, while others partnered with big tech companies. All this competition from other projects, along with the final SEC blow, made Ripple regress as a company, and XRP to fall back in prices. What’s happening with Ripple recently?
XRP Price Prediction – XRP shooting high
Did XRP settle?
In a previous article, we discussed how Ripple’s lawsuit will end up most probably by settling and paying a big fine. This plan did not happen yet, but is very expected soon. In fact, a similar scenario happened with EOS and the same resolution happened which ended up by settling. Removing the SEC palava, Ripple has no excuse not to get back on track. Ripple would then be able to compete with other projects in the crypto ring. Additionally, more partnerships with financial institutions would definitely bring Ripple back into the game.
Is XRP worth buying?
From a technical point of view, XRP shot more than 20% in the past 7 days. It was close to its lowest price and is now waking up from an extended bear. Unlike most other cryptocurrencies, XRP never reached its all-time high price of USD 3.3. This makes XRP worth buying, provided Ripple company keeps on progressing in its business operations. XRP’s current price sits around USD 0.56 and is out from a consolidation area. The current price is a critical one, as the price might retrace back down. On the other hand, the price might continue on its uptrend and reach higher price areas.
- Support level: USD 0.40
- Critical price: USD 0.60
The whole Crypto Market
In the past 7 days, most cryptocurrencies were seen consolidating alongside Bitcoin, which still has a market dominance of 60%. Despite this sideway crypto market, many altcoins like ADA, UNI and XRP managed to gain in prices. Here’s the most recent top 10 by market cap:
1- Bitcoin (BTC) : – 0.28 %
2- Ether (ETH) : – 4.59 %
3- Binance Coin (BNB): + 2.39 %
4- Tether (USDT) : 0 % (Surpassing Cardano)
5- Cardano (ADA) : + 11.37 %
6- Polkadot (DOT) : + 4.06 %
7- Ripple (XRP) : + 22.95 %
8- Uniswap (UNI) : + 16.21 %
9- Litecoin (LTC): – 6.64 %
10- Chainlink (LINK) : – 0.26 %
Stay Ahead, Stay Updated
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
- XRP Price Prediction – Will this Token BOOM Back to 2$?
- Bitcoin Prices crash amid Market Uncertainty – Is THIS the Start of the Downtrend?
- SHIB’s Burn Rate Soars: Can it Ignite a Price Rally in 2023?
- XRP Price Prediction – Can 2022 be the BEST Year for Ripple?
- What Lawsuit? XRP Price showing Strength! Jump on Board?
- BITCOIN Prices Hit 60K! Will Bitcoin Price BOOM HIGHER?
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- Bitcoin Price is shooting High! Is Bitcoin Back on Track to 60K?
- Top 3 Reasons why the XRP Token might Reach $3 Again
- Why you Might have been WRONG about Ripple – XRP price +16%
- Is Binance Coin (BNB) a HOT BUY? Here’s What you Should Consider
- Ripple Price Prediction – How High will XRP reach in 2050?
- Bitcoin Price Prediction – BTC reaching 50K again! Here’s what to do
- XRP Price Prediction – Can Ripple reach 1 $ before 2023?
- Ripple Price Prediction – How High will XRP Reach in 2025?
- XRP reached a CRITICAL Price! Will XRP Crash to 20 cents?
- Bitcoin Price Prediction – Bitcoin breaches 40K, but will it Drop Back?
- Bitcoin Price Prediction – Will Consolidation 2.0 lead to higher BTC prices?
You might also like
More from Ripple
XRP Price Prediction for June 2023: XRP Price at 1$ or $0.20?
XRP price in the second quarter looks positive. But what is the Ripple (XRP) forecast for next June? We analyze …
XRP Price is set to BOOM at THIS Level? Ripple Lawyer explains…
As Ripple continues its legal battle with the SEC, a legal expert shifted from discussing legal matters to analyze XRP’s …
Ripple Forecast 2023: XRP’s Potential Surpasses Expectations?
Ripple forecast: New Value Report has generated significant excitement within the crypto industry, despite ongoing regulatory challenges.