<img width="1814" height="858" src="https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52.png" class="attachment-full size-full wp-post-image" alt="Ripple Price Prediction" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52.png 1814w, https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52-300x142.png 300w, https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52-1224x579.png 1224w, https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52-768x363.png 768w, https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52-1536x727.png 1536w, https://cdn.coingape.com/wp-content/uploads/2023/12/11182706/XRPUSD_2023-12-11_18-26-52-150x71.png 150w" sizes="(max-width: 1814px) 100vw, 1814px">
XRP Price Prediction: Driving a bounce-back rally with increasing momentum, the buyers test the overhead resistance trendline. However, the higher price rejection with the market-wide setback pulls back the <a href="https://coingape.com/price/XRP/">XRP&nbsp;price</a> under $0.65. This warns of a deeper correction. Will Ripple Labs manage to swim against the market-wide correction or is it falling under $0.60 this time?&nbsp; 
<h2 id="b-is-xrp-crashing-below-0-60-b">Is XRP Crashing Below $0.60?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The XRP price shows a sharp reversal from the resistance trendline as sellers delay a bullish break.</li> 
 <li style="font-weight: 400;" aria-level="1">The 5% drop with long tail formation teases a consolidation range.</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in Ripple is $1.843 Billion, indicating a 17% gain.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/l/Le2Ux0d9.png" alt="XRP Price Prediction " width="1814" height="858">
 <figcaption class="wp-caption-text">
 XRP Price Prediction TradingView Chart
 </figcaption>
</figure> 
Hyping up the bullish hope for a breakout, the XRP price shoots from $0.57 and tests the overhead trendline. However, the hot bullish momentum chills down as the overhead supply leads a long wick candle, igniting a pullback phase. 
<blockquote>
 Failing to unleash the uptrend with a slanted cup and handle pattern, the coin price reverts under $0.65 and approaches the bottom support of $0.60. Further, testing the patience of XRP holders, the ongoing correction may leave a big dent if it falls below the $0.57 mark.&nbsp;
</blockquote> 
Currently, the daily candle shows the XRP price trading at $0.62 and results in a bearish engulfing candle. However, the long wick keeps the bullish hope of reversal alive and may lead to a bounce back in the coming days or even hours.&nbsp; 
<h2 id="b-can-xrp-sustain-the-bullish-breakout-confidence-b">Can XRP Sustain The Bullish Breakout Confidence?</h2> 
The XRP price recovery fails to rechallenge the $0.70 mark and takes an early reversal, forming a lower high formation. Generating a downtrend under the influence of an overhead trendline, the altcoin walks on thin ice.&nbsp; 
Considering the recovering market conditions help the coin price bounce back to give a break, the uptrend can reclaim $1 in 2023 with the Santa rally. However, a fall under $0.57 will make this even more difficult and might result in Ripple(XRP) ending the year at $0.50. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Bollinger band: A reversal from the upper boundary of the Bollinger band indicator reflects the sellers are currently having an upper hand.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">MACD indicator. A bullish crossover between <a href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/">MACD</a> and signal lines fails to sustain and teases a negative crossover.&nbsp;</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/xrp-price-prediction-sellers-dominate-xrp/">XRP Price Prediction: Sellers Dominate $XRP And Warns A Crash With This 5% Drop!</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

XRP Price Prediction: Sellers Dominate $XRP And Warns A Crash With This 5% Drop!

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