These Ripple Indicators and On-Chain Metrics Have Revealed the Next XRP Price Direction

2023-11-2 11:08

Cryptocurrency analysts are pointing to key metrics that suggest the price of XRP, the native token of the Ripple payment network, is gearing up for a significant rally. According to Cryptoinsightuk, a pseudonymous analyst, XRP has just closed above a critical resistance level on the monthly chart for the first time since its major correction in August.

“We have had a brilliant monthly close for $XRP! I have been calling for a close above $0.59…. AND WE GOT IT! The MACD is about to cross the 0 line, bringing momentum back to the bulls,” tweeted Cryptoinsightuk.

Technical Analysis Supports Upside for XRP

The monthly close above $0.59 is considered very bullish for XRP’s outlook. Cryptoinsightuk notes that the last time XRP closed above this level, the price rallied 180% in the following month. Extrapolating this historical precedent could imply a price target around $1.69 next month.

In addition, the moving average convergence divergence (MACD) indicator is poised to cross above zero on the monthly chart. According to Cryptoinsightuk, this MACD crossover will align the momentum in favor of the bulls again.

On-Chain Data Shows Growing Interest

On-chain data analytics firm Santiment also highlighted growing interest in XRP among crypto whales and investors.

Source: Santiment – Start using it today

“XRP revisited a $0.60 market value for the first time since its tumble back on August 16th. Along this road back, we have seen whales get gradually more involved. Additionally, there are now an all-time-high 277.62K wallets holding at least 10K $XRP,” noted Santiment.

Read also:

https://captainaltcoin.com/these-are-the-two-tokens-that-experts-predict-will-go-10x-by-the-end-of-the-year/ https://captainaltcoin.com/why-is-kaspas-new-upgrade-huge-for-kas-holders/ https://captainaltcoin.com/crypto-veteran-clears-the-air-on-solana-vs-ethereum-debate/

The technical and on-chain signals identified by analysts indicate growing momentum and interest in XRP as it pushes back towards the $1.00 level. The confluence of bullish factors has analysts eyeing further upside, with price targets as high as $1.69 in the near-term.

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The post These Ripple Indicators and On-Chain Metrics Have Revealed the Next XRP Price Direction appeared first on CaptainAltcoin.

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Ripple (XRP) на Currencies.ru

$ 2.0661 (-0.10%)
Объем 24H $1.327b
Изменеия 24h: -0.41 %, 7d: -1.14 %
Cегодня L: $2.0661 - H: $2.0713
Капитализация $125.594b Rank 5
Цена в час новости $ 0.617 (234.86%)

xrp price metrics ripple direction these revealed

Источник: captainaltcoin.com

xrp price → Результатов: 126


XRP Leads Market Rally with 12% Surge: What’s Driving the Spike?

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XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1. 3 trillion since October. Related Reading: Bitcoin Feels The Weight Of Quantum Risk Concerns, Industry Leaders Warn During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

2025-12-21 00:00


XRP Dominates Institutional Inflows, But Why Is Price Still Low?

XRP is at the center of the institutional flows, leading the crypto market in streaks of capital inflows even as its price is locked around $2. Recent data shows that money is still entering into Spot XRP ETF products, but despite this steady demand and a clear shift toward bullish sentiment across social platforms, XRP’s spot price has struggled to break higher, and this raises questions as to why inflows and price action appear out of sync.

2025-12-16 01:00


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