Terra Classic

Bitcoin

Shiba Inu

<img width="2710" height="1454" src="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12.png" class="attachment-full size-full wp-post-image" alt="XRP price four-hour chart" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12.png 2710w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
XRP price prediction: The breakout in the market since last week seems to have sidelined the most prominent cross-border money remittance token. Over the last couple of weeks, <a href="https://coingape.com/price/xrp/">XRP price</a>&nbsp;has consolidated within a narrow range with support at $0.6 and resistance at $0.64. 
<a href="https://coingape.com/bitcoin-core-v26-0-is-now-live-btc-price-set-for-50000/?utm_source=24hrsupdateall">Bitcoin</a>&nbsp;and other leading altcoins like Ethereum, Cardano, Dogecoin, and more exploded achieving spectacular feats. For instance, BTC broke above $44,000 for the first time in 2023 and may very well close the gap to $50,000 in December. 
The second-largest crypto, Ethereum surged above $2,300 although it had corrected to $2,262 at the time of writing. It is as if FOMO is driving investors into the market while traders take advantage of the bullish outlook to maximize gains in their positions. 
Recommended for you:&nbsp;<a href="https://coingape.com/markets/buying-shiba-inu-in-december-herere-the-shib-price-levels-to-watch/">Buying Shiba Inu In December? Here’re The SHIB Price Levels To Watch</a> 
<h2 class="p1" id="xrp-price-prediction-can-consolidation-push-xrp-to-1">XRP Price Prediction: Can Consolidation Push XRP To $1?</h2> 
XRP price is struggling to sustain the uptrend but what is evident is the ongoing consolidation between the grey and red bands drawn on the chart. Despite general sideways movement,&nbsp;<a href="https://coingape.com/whales-reallocate-over-83-mln-xrp-as-price-plummets-below/">XRP has decreased by 1.7%</a>&nbsp;in the last hour but still sustained a 2% gain in the last 24 hours. 
The 21 Exponential Moving Average (EMA) (blue) props XRP with higher support at $0.6198. Slightly below it is the 50 EMA (red) with support at $0.6172. 
If XRP slides toward the pivotal $0.6 level, the 200 EMA (purple) and the ascending black trendline would be in line to absorb the selling pressure. 
<figure id="attachment_168063" aria-describedby="caption-attachment-168063" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-168063" src="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12.png" alt="XRP price four-hour chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12.png 2710w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/XRPUSD_2023-12-06_17-00-12-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-168063" class="wp-caption-text">
 XRP price four-hour chart | Tradingview
 </figcaption>
</figure> 
The Moving Average Convergence Divergence (MACD) indicator’s bullish crossover although not elaborate, could to some extent, compel traders to avoid selling and focus dollar-cost averaging (DCA) into XRP amid the potential escape from the range resistance. 
The blue MACD line must remain above the red signal line to affirm the anticipated breakout. A long-term bullish outlook in XRP could call upon investors to increase their risk appetite. 
A stronger tailwind would be required to deal with resistance in the red zone, with a breakout above $0.65 likely to boost XRP’s recovery to $1. Some key levels to keep in mind as the token breaks are the 38.2% Fibonacci retracement roughly at $0.64, the 50% Fibo at $0.65, and the 61.8% Fibo at $0.67. 
Crypto analyst @jaydee_757 highlighted a golden cross in a post on X (Twitter) implying that it could be the answer to XRP price breaking above an eight-year trendline. 
Provided that the trendline is broken, XRP price could explode by 650x as a reward to investors who are smart enough to take “calculated profits.” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> – Golden cross on 4day chart confirming tomorrow? Will this help us break the 8year trendline? 
 Last time it did this, <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> 650x! Although it won't make same gains, the gains coming will be LIFE CHANGING for the 5% who takes "calculated" profits! 
 Retweet/Like for updates!… <a href="https://t.co/U9I7KvRTFl">pic.twitter.com/U9I7KvRTFl</a> 
 — JD <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f5-1f1ed.png" alt="🇵🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@jaydee_757) <a href="https://twitter.com/jaydee_757/status/1732186827782779316?ref_src=twsrc%5Etfw">December 5, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
For now, traders would keep an eye on XRP’s movements within the range realizing that a break above it may boost the token to quickly close the gap to $1. 
Declines below the same range support at $0.65 may see XRP sweep liquidity at $0.58 and $0.55. Notably, losses would be minimal based on the improving technical structure across the market. 
<h3 class="p1" id="related-articles">Related Articles</h3> 
<ul> 
 <li><a href="https://coingape.com/terra-classic-community-passes-constructive-proposal-lunc-ustc/?utm_source=24hrsupdatealtcoin" target="_blank" rel="noopener">Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?&nbsp;</a></li> 
 <li><a href="https://coingape.com/top-analysts-offer-bold-projections-as-bitcoin-rockets-towards-50000/?utm_source=24hrsupdateall" target="_blank" rel="noopener">Top Analysts Offer Bold Projections As Bitcoin Rockets Towards $50000&nbsp;</a></li> 
 <li><a href="https://coingape.com/ftx-galaxy-digital-celsius-move-45-mln-worth-eth-to-binance-coinbase/?utm_source=24hrsupdateall" target="_blank" rel="noopener">FTX, Galaxy Digital, &amp; Celsius Move $45 Mln Worth ETH To Binance &amp; Coinbase&nbsp;</a></li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/xrp-price-prediction-will-xrp-pump-to-1-before-2024/">XRP Price Prediction: Will XRP Pump To $1 Before 2024?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

XRP Price Prediction: Will XRP Pump To $1 Before 2024?

Table of Contents

Coingape News Media

Other articles published on Dec 6, 2023

Digital Financial Giant Nubank Partners with Circle for USDC Integration

Bitcoin surges to $44,000 as short traders lose $160M

Ripple (XRP) Stalls: Preparing for a Volatility Storm After Weeks of Sideways Movement?

Casper Price Surges 17%; Is CSPR a Good Pick For Long-Term?

NEAR Coin Shows Signs of Revival After Reaching Highest Levels Since April

Ripple’s Legal Triumph Sets Precedent for Crypto Industry; U.S. Rep Proposes Funding Restriction ...

Join our free newsletter for daily crypto updates!