The price of XRP has skyrocketed by ~50% this month alone. With this, the altcoin has successfully reclaimed the $3 mark for the first time in 7 years. Despite the recent appeal by the SEC, the Ripple token has maintained its bullish action, highlighting strong fundamentals for the altcoin in the market.
Moreover, the 03rd largest cryptocurrency by market cap has surged over 240% in 90 days. Considering the present market sentiments, investors are curious about questions like “How high will XRP price go?” We at CoinPedia have uncovered the possible short-term mysteries of the Ripple (XRP) token.
Ripple Token Records New 7-year High!
The XRP price has jumped 12.38% in 24 hours with a trading volume of $26.781 billion, a change of +40.42%. Moreover, this altcoin has soared 43.89% over the past week. This highlights a significant in the buying pressure for the altcoin.
Moreover, the altcoin has soared 27.15% over the last 30 days. With a market capitalization of $191.235 billion, the Ripple token has successfully claimed the 03rd position in the global cryptocurrency market.
XRP Technical Sentiments
The Relative Strength Index (RSI) has breached the overbought range in the daily time frame with its average trendline supporting the price chart. This suggests an increase in the buying-over-selling pressure for the altcoin in the crypto space.
Moreover, the SMA indicator shows a bullish curve in the Ripple price chart. This highlights a positive outlook for Ripple’s XRP token in the coming time.
Will Ripple Price Hit $4 This Week?
If the bullish sentiment sustains, the price of Ripple will retest its $3.5 mark. Maintaining an upward trend could result in the Ripple price achieving a new all-time high by this weekend.
On the contrary, if a bearish reversal occurs, the XRP coin price will retest its support trendline of $3. Furthermore, if the bears dominate the cryptocurrency market, the price of XRP coil plunges toward its low of $2.50.
Wondering if XRP crypto will hit a new ATH this week? Read CoinPedia’s XRP Price Prediction to uncover the long-term mysteries!
FAQs
Top cryptocurrency analysts believe Ripple to achieve the $1000 mark in the future.
The Ripple price jumped 12.38% in 24 hours with a trading volume of $26.781 billion.
With increased adoption and rising bullish sentiment, this altcoin could achieve a maximum trading price of $15.65.
