Will XRP reach $1?

Will XRP reach $1?
фото показано с : invezz.com

2024-3-13 15:20

Ripple’s XRP, the digital currency native to the XRP Ledger, has been on a strong rally, surging over 20% against bitcoin (BTC) as the wider cryptocurrency market experiences a significant upturn.

The surge has catapulted XRP to $0.74, marking its highest price point since the fleeting spike observed last November.

The anticipation surrounding a potential ETF managed by BlackRock has contributed to this uptrend, positioning XRP as the top performer within the broad-market CoinDesk 20 Index.

Key indicators support XRP outlook

The recent performance of XRP on the daily chart underscores its potential for sustained growth.

Despite a gradual uptrend and relative underperformance compared to other cryptocurrencies, the significant increase on March 11 is expected to influence short to medium-term price action favourably.

Currently trading at $0.69, XRP has surpassed the previous resistance level of $0.66, indicating a bullish momentum backed by a substantial increase in market capitalization and trading volume.

Whale activities boost confidence

The recent spike in XRP’s price can be attributed to various factors, including notable whale transactions and Ripple’s proactive engagement with regulators and financial institutions.

A significant transfer of 300 million XRP from Binance to an unknown wallet has been perceived positively by the market, reflecting a bullish sentiment.

Ripple CEO Brad Garlinghouse’s comments on working closely with regulated entities have further highlighted XRP’s value proposition compared to Bitcoin.

Technical analysis suggests upward trajectory

The technical analysis of XRP/USD points to a bullish breakout formation, with the March 11 price bar indicating a potential for entry on subsequent dips.

The support level at $0.66 is crucial for maintaining the upward momentum.

A decisive break above $0.74 could pave the way for XRP to reach the July 2023 highs of $0.93 and possibly extend to $1, contingent on trading volume support.

Comparative underperformance turns to advantage

Despite its year-to-date underperformance relative to Bitcoin and the broader market, XRP’s recent rally may indicate a market rotation towards cryptocurrencies that have yet to participate fully in the ongoing rally.

This shift could provide XRP with a unique advantage, as traders look to diversify their portfolios with assets poised for growth.

The movements of older cryptocurrencies like litecoin (LTC) and dash (DASH), along with XRP’s rally, suggest a growing interest in established digital assets that have lagged in recent months.

The post Will XRP reach $1? appeared first on Invezz

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5106 (-0.17%)
Объем 24H $1.018b
Изменеия 24h: -0.53 %, 7d: -2.81 %
Cегодня L: $0.4973 - H: $0.5173
Капитализация $29.035b Rank 7
Цена в час новости $ 0.697 (-26.74%)

xrp bitcoin btc against cryptocurrency significant upturn

Источник: invezz.com

xrp bitcoin → Результатов: 126


Ripple’s XRP Struggle Against Bitcoin (BTC): Is a Breakout on the Horizon or More Stagnation Ahead?

XRP’s lagging performance has raised eyebrows among traders and analysts. Despite Bitcoin’s bullish trend, XRP seems to be struggling, prompting discussions about its future. Experts have analyzed XRP’s current market position, its prolonged consolidation, and alternative options for investors seeking better returns.

2024-6-5 22:30


Early Bitcoin Adopter Says XRP Price Is Closer To $10 Than You Think – Here’s Why

A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone.  Bitcoin OG Says XRP $10 In Sight In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to […]

2023-10-28 19:00


The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?

A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin.    XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

2023-9-16 19:00


Фото:

XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?

In comparison to other leading altcoins like EOS, Cardano (ADA), and Ethereum, XRP is still lagging behind bitcoin even after an 80 percent rally against the USD since the first week of January. Analyst says XRP should be higher than where it is now According to Luke Martin, the price of XRP should be 11 […] The post XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable? appeared first on CryptoSlate.

2020-2-16 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Why Vantard’s 100x growth prediction could outpace Shiba Inu and Dogecoin in 2024

The cryptocurrency market has seen a surge of interest in meme coins, with tokens like Shiba Inu and Dogecoin making headlines in past years. However, 2024 has introduced a new contender: Vantard. This nascent project has quickly raised over $306,000, achieving the title of the year’s most promising crypto presale. Vantard’s VTARD token appeals to […]

Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor

According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’  In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.

Will Shiba Inu rally 50% after breaking key resistance?

In the cryptocurrency landscape, Shiba Inu (SHIB) is once again garnering investor attention with a notable price breakout, signalling a potential rally ahead. Following months of consolidation, SHIB’s bullish sentiment is primarily driven by recent price action and the broader market trend.