• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Saturday, April 1, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Ripple Price Forecast: XRP getting ready for a 50% upswing as consolidation hits the elastic limit

18 January 2021
in XRP
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT
Cryptohopper
ADVERTISEMENT


  • XRP’s consolidation is almost hitting the breaking point hence the possibility of an upswing to the 50-day SMA.
  • A buy signal could come into the picture in the coming days, as seen on the daily chart.
  • The MVRV on-chain is in a critical buy zone and hinting at a potentially massive breakout.

Ripple’s overhead barriers are still in place, as highlighted on the 4-hour chart. The seller congestion at $0.3 is an uphill battle, so is the 50 Simple Moving Average. XRP/USD is trading at $0.27 amid extended consolidation. However, this sideways trading is approaching a breaking point to give way for the expected upswing to $0.4.

Ripple eyes massive liftoff to $0.4

The cross-border token has continued to explore lower levels following the rejection at $0.3. XRP/USD seems to have entered a consolidation period that has forced the Bollinger bands to squeeze on its daily chart. Squeezes are indicative of low volatility periods and are usually succeeded by significant price movements. The longer the contraction, the higher the probability of a strong breakout.

This technical index does not provide a clear path about the direction of Ripple’s trend. As a result, the area between the lower and upper band is a reasonable no-trade zone. Only a daily candlestick close above or below this area will determine where the pioneer cryptocurrency is headed next.

At the time of writing, XRP is exchanging hands at $0.27 while struggling to stay above the Bollinger Band middle boundary. To sustain the uptrend, Ripple is required to close the above this critical level as well as the 200 Simple Moving Average on the daily chart.

XRP/USD daily chart

The moving average convergence divergence, or MACD, adds credence to the optimistic outlook. This technical indicator, follows the path of a trend and calculates its momentum, appears to be turning bullish within the same time frame after the 12-day exponential moving average crossed above the 26-day exponential moving average. For now, the odds for a bullish impulse have increased significantly.

A buy signal is likely to present on the daily chart in the coming few days. The call to increase positions in the cross-border token will manifest in a red nine candlestick. If validated, an increase in buying volume is likely to push XRP to higher levels above $0.3, thus paving the way for gains above $0.4.

XRP/USD daily chart

XRP/USD daily chart

Santiment’s MVRV shows the average profit or loss of all XRP holders. The metric measure the relative change in the price of each token from the time it last moved. For instance, an MVRV with a figure of 2 suggests that all XRP are averagely at two times their initial investment.

At the moment, MVRV is below zero, which means that most of the holders are at a loss compared to the price of the tokens when they moved last. This is a substantial buy area as it indicates recovery is long overdue.

Ripple MVRV chart

Ripple MVRV chart

It is worth keeping in mind that Ripple may fail to rally as expected, especially if it fails to close the day above the middle boundary of the Bollinger bands and the 200 SMA. A surge in selling pressure may validate a breakdown towards $0.2, mostly if the critical support at $0.25 gets broken.



Source link

Related articles

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

1 April 2023
XRP Slumps 2.6% As Ripple Unlocks 1 Billion Coins From Escrow

XRP Slumps 2.6% As Ripple Unlocks 1 Billion Coins From Escrow

1 April 2023
[crypto-donation-box]
Tags: ConsolidationelasticForecastHitslimitPriceReadyRippleupswingXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

XRP getting ready for a 50% upswing as consolidation hits the elastic limit

Next Post

Analysts explain why Bitcoin is primed for a rally back to $40k and higher

Related Posts

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments By CoinEdition

1 April 2023
0

Investor optimism for XRP rose yesterday, causing XRP’s price to gain 1.07%.XRP closed Q1 of this year with a 58.9%...

XRP Slumps 2.6% As Ripple Unlocks 1 Billion Coins From Escrow

XRP Slumps 2.6% As Ripple Unlocks 1 Billion Coins From Escrow

1 April 2023
0

Ripple has unlocked 1 billion XRP from its escrow account.Leading Silicon Valley tech company Ripple has released an astounding amount...

XRP Surges on ‘Investor Hope’ That Ripple Defeats SEC

XRP Surges on ‘Investor Hope’ That Ripple Defeats SEC

31 March 2023
0

Crypto markets are struggling with most major coins and tokens in the red over the past week. But one digital...

XRP unveils a key technical feature amidst a bullish wave

XRP unveils a key technical feature amidst a bullish wave

31 March 2023
0

XRP was in the middle of a bullish wave, growing 24% over the past week and 40% over the last...

Coins to keep an eye on in 2023

Coins to keep an eye on in 2023

31 March 2023
0

Crypto investing can be one of the most profitable ventures anyone can make. It may take some time, but you...

Load More
Next Post

Analysts explain why Bitcoin is primed for a rally back to $40k and higher

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
  • Start Your Journey to Success!
  • Better Buy: Solana or Avalanche?

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,460.000.71%
  • ethereumEthereum(ETH)$1,828.970.67%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$315.12-0.63%
  • usd-coinUSD Coin(USDC)$1.000.22%
  • rippleXRP(XRP)$0.51-3.72%
  • cardanoCardano(ADA)$0.393266-1.24%
  • staked-etherLido Staked Ether(STETH)$1,823.530.66%
  • dogecoinDogecoin(DOGE)$0.0768371.65%
  • matic-networkPolygon(MATIC)$1.111.48%
  • solanaSolana(SOL)$21.092.65%
  • polkadotPolkadot(DOT)$6.310.97%
  • binance-usdBinance USD(BUSD)$1.000.16%
  • litecoinLitecoin(LTC)$93.855.15%
  • shiba-inuShiba Inu(SHIB)$0.0000113.49%
  • tronTRON(TRX)$0.0671601.90%
  • avalanche-2Avalanche(AVAX)$17.702.05%
  • daiDai(DAI)$1.000.02%
  • uniswapUniswap(UNI)$6.162.34%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,462.000.61%
  • chainlinkChainlink(LINK)$7.54-0.87%
  • ToncoinToncoin(TON)$2.267.83%
  • cosmosCosmos Hub(ATOM)$11.160.12%
  • leo-tokenLEO Token(LEO)$3.39-1.62%
  • ethereum-classicEthereum Classic(ETC)$20.802.12%
  • stellarStellar(XLM)$0.108668-0.79%
  • moneroMonero(XMR)$156.860.47%
  • okbOKB(OKB)$41.790.25%
  • bitcoin-cashBitcoin Cash(BCH)$124.711.30%
  • filecoinFilecoin(FIL)$5.682.02%
  • hedera-hashgraphHedera(HBAR)$0.070826-6.30%
  • lido-daoLido DAO(LDO)$2.390.77%
  • true-usdTrueUSD(TUSD)$1.00-0.10%
  • AptosAptos(APT)$11.22-0.69%
  • quant-networkQuant(QNT)$124.97-0.16%
  • crypto-com-chainCronos(CRO)$0.0693051.32%
  • nearNEAR Protocol(NEAR)$1.981.87%
  • ArbitrumArbitrum(ARB)$1.34-3.38%
  • vechainVeChain(VET)$0.0232861.22%
  • algorandAlgorand(ALGO)$0.222196-0.42%
  • apecoinApeCoin(APE)$4.242.02%
  • internet-computerInternet Computer(ICP)$5.16-0.51%
  • eosEOS(EOS)$1.200.93%
  • fantomFantom(FTM)$0.468398-0.12%
  • the-graphThe Graph(GRT)$0.143816-0.49%
  • blockstackStacks(STX)$0.90-2.03%
  • the-sandboxThe Sandbox(SAND)$0.631.20%
  • decentralandDecentraland(MANA)$0.592.32%
  • elrond-erd-2MultiversX(EGLD)$42.41-0.01%
  • theta-tokenTheta Network(THETA)$1.075.28%