In this XRP (XRP) price prediction for 2024, 2025-2030, we will analyze the price patterns of XRP by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
XRP Current Market Status/h2
XRP Current Market Status (Source: CoinMarketCap)h2 What is XRP (XRP)/h2
XRP (XRP) is the native crypto of the XRP Ledger (XRPL). XRPL is an open-source public blockchain launched in 2011 by Ripple, a blockchain-based payment system. XRP is used as a transaction fee on the native network and a potential payment and investment option.
Ripple captivated the interest of investors with its distinct consensus protocol. It functions based on a federated consensus mechanism to validate transactions. The network allows any user to use the validation software and verify transactions according to their “unique node lists”. Thus, transactions are validated onto the ledger within 4-5 seconds at lower costs.
h2 XRP 24H Technicals/h2
(Source: TradingView)
h2 XRP (XRP) Price Prediction 2024/h2
XRP (XRP) ranks 6th on CoinMarketCap in terms of its market capitalization. The overview of the XRP price prediction for 2024 is explained below with a daily time frame.
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In the above chart, XRP (XRP) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
At the time of analysis, the price of XRP (XRP) was recorded at $0.568. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.8578, $1.3706, and $2.7293. If the trend reverses, then the price of XRP may fall to the support of $0.4686, and $0.3168.
h2 XRP (XRP) Resistance and Support Levels/h2
The chart given below elucidates the possible resistance and support levels of XRP (XRP) in 2024.
XRP/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of XRP (XRP) for 2024.
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XRP) are shown in the chart below.
XRP/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current XRP (XRP) market in 2024.
h2 XRP (XRP) Price Prediction 2024 — ADX, RVI/h2
In the below chart, we analyze the strength and volatility of XRP (XRP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
XRP/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of XRP (XRP).
h2 Comparison of XRP with BTC, ETH/h2
Let us now compare the price movements of XRP (XRP) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs XRP Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of XRP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XRP also increases or decreases respectively.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of XRP (XRP) between 2025, 2026, 2027, 2028, 2029 and 2030.
h2 Conclusion/h2
If XRP (XRP) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish XRP (XRP) price prediction for 2024 is $0.8596. Comparatively, if unfavorable sentiment is triggered, the bearish XRP (XRP) price prediction for 2024 is $0.4239.
If the market momentum and investors’ sentiment positively elevates, then XRP (XRP) might hit $2. Furthermore, with future upgrades and advancements in the XRP ecosystem, XRP might surpass its current all-time high (ATH) of $3.84 and mark its new ATH.
This content was originally published by our partners at The News Crypto .
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The News Crypto
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