The Ripple price has maintained its limelight in the cryptocurrency market with an impressive price performance this month. Reportedly, with a market capitalization of $64.601 billion, this crypto token has maintained its value above the $1 mark.
With the altcoin recording a ~100% surge over the past week, will the bullish sentiment push the Ripple price toward its $2 mark this year? You are minutes away from finding out the possibilities.
Ripple Price Surpasses $1 For The First Time Since November 2021!
The XRP price has added 6.93% to its portfolio in 24 hours with a trading volume of $10.001 billion. Moreover, it has surged 94.71% over the last seven days and 107.42% during the last 30 days.
The EMA 50/200-day has experienced a Golden Cross in the daily time frame. This suggests a strong buying pressure for the altcoin in the crypto market.
Further, the Relative Strength Index (RSI) continues hovering above the overbought range with its average trendline recording a significant rise in the Ripple price chart. This indicates that the price may continue gaining value in the upcoming time.
Is XRP A Strong Buy?
If the bullish sentiment sustains, the Ripple price may retest its resistance level of $1.1420. Furthermore, if the bullish sentiment intensifies, this could push the XRP coin price toward its upper resistance level of $1.31 during the upcoming time.
Conversely, if the bears overpowered the bulls, the altcoin will retest its support level of $1. Moreover, if the market favors the bears, this could pull the XRP coin price toward its lower support level of $0.8750 this month.
Curious to find out when will XRP price will hit $2. Read CoinPedia’s Ripple Price Prediction and also subscribe to us to stay updated on the latest crypto news!
FAQs
The Ripple price has maintained its value above the $1 mark. This highlights a strong bullish outlook for it in the upcoming time.
With a potential surge, this altcoin may cross the $2 mark with a potential high of $2.49.
The Ripple token may retest its all-time high in the coming time if the market regains trust in this project.
