When Bitcoin first came on the scene, everyone was wondering how long it would take for it to reach $1,000. Today, it’s not even worth $1,000 anymore. If you’re holding onto any Bitcoin, you’re probably kicking yourself for not having invested more back in the day. When it comes to cryptocurrencies, it’s always best to act early…
Ripple, the third-largest cryptocurrency by market capitalization, has been on a tear over the past few weeks, briefly overtaking Ethereum for the number two spot. The massive run-up has a lot of people wondering where the top is. While Ripple has been making waves, it still has a long way to go before challenging bitcoin for the top cryptocurrency spot. The big question, as it is with any cryptocurrency, is whether XRP will take off and become a mainstream form of payment.
Summary of the situation
- Ripple’s price forecast shows that the cryptocurrency has increased by more than 15% in the past 24 hours.
- The crypto asset surpassed the coveted $1.7 mark in a recent price hike.
- Based on current technicals, it appears that Ripple could break through the $2 level in a sustained uptrend.
- If Ripple manages to consolidate above the rising triangle-trend channel, it could open the door for new highs.
Although Ripple has been the subject of a lawsuit from the Securities and Exchange Commission, it has been able to recover its price level quite well. Consequently, crypto assets posted a three-year high in April, disappointing many who predicted a drop to 0 following the aforementioned lawsuit.
Ripple Price Forecast: Price Overview
Eventually, Ripple turned a huge resistance level of $1.3 into a critical support level, allowing the bulls to push the coin higher. The ongoing uptrend has managed to break through the $1.5 simple moving average (SMA) level on the 12-hour chart. This move further reinforces Ripple’s presence in the bull market. Moreover, hitting the $1.6 resistance level last week appears to have been a major catalyst for Ripple to break through the $1.7 level.
The XRP is currently trading around $1.6, after jumping 15% in the past 24 hours. According to key technical indicators, Ripple seems to be on its way to reclaim Dogecoin as the fourth largest crypto currency by market capitalization. And that’s thanks to a recent surge that has seen the cryptocurrency attract over $10 billion in trading volume across all platforms. Ripple currently has a market capitalization of about $78 billion.
Ripple price movement in the last 24 hours
According to Ripple’s 24-hour chart, you can see that the crypto asset has increased 17% in value. This came at a time when Ripple was trading around $1.4 on the 48-hour chart after falling 3.5 percent. At the beginning of today’s trading session, the cryptocurrency rebounded and passed the $1.7 level. As a result, the Ripple was able to form a rising triangle pattern on the 4-hour chart, indicating a bullish outlook. When a rising triangle pattern forms, it indicates the start of bullish momentum. In this case, the current setup suggests that Ripple is ready to continue its upward trend.
If Ripple continues to trade above the $1.6 level, it will form a fundamental “cup and handle” pattern that will provide potential investors with a buying opportunity at a timely entry price. Ripple is likely to experience some resistance on the 13th. The April price is $1.95, but a more serious challenge is expected in the $2 and $2.1 price ranges.
On Ripple’s 4-hour chart, the current bullish momentum is confirmed by the blue moving average convergence-divergence line (MACD). Other than the fact that the blue MACD line is in positive territory, it appears to be well above the signal line. This is good because it creates a bullish picture.
Moreover, the Relative Strength Index (RSI) shows that Ripple has no significant upside resistance. If the money transfer token breaks the $2 barrier, Ripple will likely face massive buy orders in anticipation of a move towards the $2.3 barrier.
Judging by recent price movements, Ripple is poised to become a high-risk, high-reward virtual asset. For this reason, investors should keep an eye on Ripple’s critical support levels, as any dip below the $1.3 price zone could cause the price to collapse.
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Frequently Asked Questions
Will ripple reach $5?
XRP is the cryptocurrency formerly known as Ripple. It has been one of the top performing cryptocurrencies over the last year and is now in the top 3 as it looks to take on its rival Ethereum. It has had the same name for a long time, but Ripple took the naming in a new direction in 2015 with the creation of the company Ripple. This company is different from the Ripple network, also known as XRP, which is a decentralised payment system. What is your prediction of the price of Ripple in 2025? Well, that’s the question that was recently posed to a panel of experts in the crypto space. The question was posed by a subreddit called RippleXRP where the users asked a panel of crypto experts to share their opinion on the price of XRP in the year 2025. Some of the experts that participated in the poll were Brad Garlinghouse, the CEO of Ripple, David Schwartz, the CTO of Ripple, and many other crypto luminaries. Some of the more notable predictions are that Brad Garlinghouse believes that the price of XRP will reach $5 by 2025.
Will a ripple hit $1?
XRP might have lost its spot as the world’s second largest cryptocurrency by market cap, but it’s still making waves in the digital currency world. And while a lot of people see the coin as a one-trick pony, there’s no denying that its technology has some very interesting potential applications as well. For example, while Bitcoin’s lightning network is still in development, Ripple’s xCurrent solution is already being used by financial institutions around the world to send instant, cross-border payments. And the company has other products in the pipeline too. For example, xRapid is a solution that allows banks to save up to 60% on liquidity costs when processing payments in emerging markets. If it takes off, it could turn Ripple into a The cryptocurrency market continues to grow, and along with it the number of people who are looking to invest in it. While the price of one ripple is currently hovering just above the $1 mark, many people wonder if it will hit $1 soon. Although it’s impossible to know for sure, the following things can affect the price of a cryptocurrency:
What will ripple be worth in 2025?
Though cryptocurrencies are still a relatively new phenomenon, the first was launched in 2009. Since then, many others have been created and, as of February 2018, there are over 1,300 in circulation. The one that attracts the most attention is Ripple. With a total value of $42 billion, it is the third biggest cryptocurrency after Bitcoin and Ethereum. Given that it has been created by a private company, some people are skeptical about its long-term viability. But others are more optimistic and have predicted that it will be worth over $10 by the year 2025. Ripple is one of the most talked about cryptocurrencies on the market today. Since it was released in 2012, it has grown into a system that boasts an impressive transaction speed and minor transaction fees. As it continues to grow, many people are wondering what the future holds for ripple, specifically how much it will be worth. The consensus seems to be that it will be worth around $1.00 USD by 2025, but there are many who believe that it will be worth more than that. The client is still under development and is being constantly updated and improved. Feel free to stop by the client’s repository on GitHub to see what’s currently being worked on, or follow the official project’s Twitter account for development updates.
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