It is safe the say that the 2017 altcoin rally was single-handedly led and fueled by XRP when this token rose from under a cent to over $3.
Whenever XRP starts gaining momentum, it drains the liquidity of the whole crypto market, and everyone starts jumping in to benefit from the rally. XRP can consecutively gain a daily double digit percentage in profits as seen historically when it starts pumping.
Recently we saw XRP rise from $0.24 cents to $0.80 cents in a couple of weeks. That’s a gain of 400%!!!
Let us do an exclusive XRP price prediction today across different time frames.
XRP/USD 4 Hourly Candle – Price Prediction
On the 4-hour time frame, XRP is approaching a support area of $0.44. A bounce is expected from this area, with targets around $0.48 and $0.50. If the support of $0.44 cannot hold, this will be a bad sign for XRP. It could open the possibility of a potential big drop towards $0.40 and $0.30. There is no substantial support on a 4-hour time frame from $0.44 to $0.30.
XRP/USD Daily Candle
The daily candle also suggests that there is no substantial support if the support of $0.44 breaks, which could lead to a drop towards $0.40 and $0.30. However, if we can bounce from the support zone of $0.44 and if this was the bottom after retrace from the recent high of $0.78, extended fibs open up much higher targets. On a higher time frame, we could start seeing a move in XRP price towards $0.56, $0.63, $0.68, $0.74, $0.82, and $0.92.
XRP/USD Weekly Candle
The weekly candle shows that XRP broke out of the major resistance at $0.44 and is now coming back to test it as support, which is a commonly expected scenario. If it can sustain above the support of $0.44, we can start targeting above $1.00, up to $1.35, on a much larger time frame.
Images courtesy of TradingView.
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