XRP has been on a roller coaster ride of late. The cryptocurrency hit the all-time high of $3.84 in January, but has since fallen to lows of about $0.60. If you are looking for an investment opportunity, it is important to consider the potential future price of XRP and how it will affect your portfolio value.
The realistic xrp price prediction is that XRP will hit $2 soon.
- The range of bullish XRP price predictions is $0.79 to $1.94.
- The price of XRP may potentially hit $2.
- For the year 2021, the pessimistic market price forecast for XRP is $0.16.
We utilize data, price trends, ADX, and other information about XRP to evaluate the cryptocurrency’s future movement in XRP price forecast 2021.
Ripple is a private financial technology firm that operates its own payment network, Ripple Network, to offer worldwide payment solutions (also known as RippleNet). RippleNet is a payment network based on the XRP Ledger, a Ripple consensus ledger (also known as XRPL). The open-source XRP ledger was developed with Ripple’s help.
XRP’s Current Market Situation
At the time of writing, the price of XRP was $0.6, with a 24-hour trading volume of $1,746,198,155, according to Coingecko. At the time of writing, though, XRP has gained 1.3 percent in the previous 24 hours.
Furthermore, there are 46,265,302,471 XRP coins in circulation. XRP is currently traded on Binance, OKEx, CoinTiger, Upbit, and ZBG, among other cryptocurrency exchanges.
2021 XRP Price Prediction
On CoinGecko, XRP is now ranked sixth. The price of XRP in 2021 is forecasted using a weekly time period, as shown below.
Higher High and Higher Low Pattern in XRP/USDT (Source: TradingView)
An ascending trend happens when the highs and lows on the chart go higher. Higher highs and lower lows may be seen in this uptrend’s prices. Prices that were regarded as highs in the preceding era are now much higher than they were before the uptrend started.
Not only did the previous period’s highs rise, but the prior period’s lows also rose and dropped higher than before. This tells the trader that the price and total value have both increased, and that it’s time to sell and profit before the downturn begins.
XRP is now trading around the $0.6 area. Following that, XRP would continue to follow the pattern of an uptrend on the price chart. If the trend continues, the price of XRP may drop below $0.22.
Support and Resistance Levels for XRP
The chart below shows the XRP support and resistance levels.
Support and Resistance Levels for XRP/USDT (Source: TradingView)
The following are the resistance and support levels of XRP, as shown in the preceding chart.
- $0.79 is the first level of resistance.
- $1.18 is the second level of resistance.
- $1.94 for Level 3 Resistance
- Level 1 Support – $0.57
- Level 2 Support – $0.27
- Level 3 Support – $0.16
The graph shows XRP’s negative performance during the past month. XRP, on the other hand, will increase in a bullish trend. If the trend were to reverse, XRP might fall below $0.16, indicating a negative indication.
Average Directional Index for XRP (ADX)
Let’s take a look at the Average Directional Index for XRP (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX for XRP/USDT (Source:TradingView)
The ADX of XRP is 32.2, indicating a strong trend, as seen in the chart above.
Conclusion
XRP is a cryptocurrency that is ideal for long-term investment. Furthermore, the XRP price forecast is positive in the near future. Its chances of hitting $3.40 before the end of the year are excellent. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and upgrades to the XRP ecosystem, the price of XRP is expected to increase to $1.7 in the near future. However, if investors think that XRP is a solid investment in 2021, it may reach $2.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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