XRP is currently experiencing a minor uptick in its market performance, with a recent pullback. Within the last week, XRP price has consistently traded between $0.52 and $0.50, with an ascending trend. The past week showcased an impressive gain of over 5%, highlighting a strong buying interest. Alongside XRP, other cryptocurrencies, including BTC, have seen significant gains, with <a rel="nofollow" href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a> crossing the $49,000 resistance level. 
XRP has navigated through volatile market conditions, recently showing signs of an upward trend. As of the latest figures, the <a href="https://coingape.com/price/xrp/">XRP price</a> has fallen slightly back to $0.5272, sparking discussions about its short-term prospects. 
<figure id="attachment_180002" aria-describedby="caption-attachment-180002" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/XRP-Price-Prediction-2-e1707759234543.png"><img decoding="async" class="size-large wp-image-180002" src="https://coingape.com/wp-content/uploads/2024/02/XRP-Price-Prediction-2-1224x643.png" alt="XRP Price Prediction" width="1224" height="643"></a>
 <figcaption id="caption-attachment-180002" class="wp-caption-text">
 XRP Price Prediction
 </figcaption>
</figure> 
The cryptocurrency’s market capitalization stands robust at around $28 billion, cementing its place as the sixth-largest digital asset, according to <a rel="nofollow" href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a>. Trading activity has surged, with a notable 14% increase in the 24-hour volume, reaching $848 million, indicating heightened investor interest in XRP. 
<h2 id="strong-xrp-price-forecast-bullish-predictions-amid-market-fluctuations-strong">XRP Price Forecast: Bullish Predictions Amid Market Fluctuations</h2> 
EGRAG CRYPTO, a well-regarded figure in the crypto analysis sphere, has reiterated his optimistic outlook for XRP, forecasting a surge to $1.4. In his recent X post, EGRAG maintained his stance despite the market’s ups and downs. 
<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> Color Code To $1.4 (Update): 
 Same game plan <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">, no changes here! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> After solidifying a monthly close above the $1 mark with this steady upward trend, it's time to bid farewell to the single-digit price target. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Get Ready, because in the near future, you'll be buying 2… <a href="https://t.co/pqk0PaukeH">https://t.co/pqk0PaukeH</a> <a href="https://t.co/GnamifTnV6">pic.twitter.com/GnamifTnV6</a> 
 — EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1756580277726413252?ref_src=twsrc%5Etfw">February 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
His analysis underscores XRP’s potential for a bullish run, confidently stating that a monthly close above $1 could pave the way for its climb out of the single-digit price range. This anticipated rise supports EGRAG’s vision of XRP reaching $1.4, encouraging the community to remain steadfast during the upward journey. 
<h2 id="strong-market-analysis-a-look-at-xrp-s-technical-indicators-strong">Market Analysis: A Look at XRP’s Technical Indicators</h2> 
If the current positive trend persists,<a href="https://coingape.com/markets/xrp-price-prediction-is-xrp-giving-back-the-gain-investors-eye-10-milestone/"> XRP’s value</a> could approach $0.8, with EGRAG foreseeing an even more significant bullish shift that might elevate XRP to $1 and beyond, up to $1.4, in the near future. On the downside, a turn towards bearish trends could dip <a href="https://coingape.com/markets/xrp-price-eyes-lift-off-to-2-2-in-feb-as-bulls-navigate-market-volatility/">XRP</a> value to a $0.50 support level soon. 
<figure id="attachment_180000" aria-describedby="caption-attachment-180000" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10.png"><img decoding="async" class="size-full wp-image-180000" src="https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10.png" alt="XRP price chart prediction" width="1154" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10.png 1154w, https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10-768x434.png 768w, https://coingape.com/wp-content/uploads/2024/02/XRPUSD_2024-02-12_20-28-10-150x85.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-180000" class="wp-caption-text">
 XRP price chart: <a rel="nofollow" href="https://www.tradingview.com/x/NV8DNIqd/">Tradingview</a>
 </figcaption>
</figure> 
The daily technical indicators shed light on the bullish sentiment, with various moving averages and oscillators suggesting a buying opportunity. The Relative Strength Index (RSI) stands at 50.25, signaling a neutral market stance. The Awesome Oscillator (AO) and the Moving Average Convergence/Divergence (MACD) both exhibit green bars, further affirming the potential for an increase in XRP’s price. 
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles</h3> 
<ul> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/markets/5-heavily-discounted-crypto-to-buy-after-super-bowl-2024-including-xrp-and-lunc/">5 Heavily Discounted Crypto To Buy After Super Bowl 2024, Including XRP And LUNC</a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/ripple-xrp-update-appeals-could-delay-sec-lawsuit-end/">Ripple XRP Lawsuit Update: Appeals Could Prolong SEC Lawsuit Resolution</a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/xrp-price-analyst-remains-bullish-xrps-run-to-1-88/">XRP Price: Analyst Remains Bullish On XRP’s Run To $1.88</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/xrp-price-forecast-will-xrp-surge-to-1-4-in-february-with-this-support/">XRP Price Surge To $1.4 Imminent If This Support Holds?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP Price Surge To $1.4 Imminent If This Support Holds?

Table of Contents

Coingape News Media

Other articles published on Feb 12, 2024

Spain Sets Its Sights on Developing First “Crypto-Friendly” City in Europe

New Zealand’s Central Bank chief casts doubt on stablecoin stability

Major CEXs persist in delisting anonymous coins: the end for the privacy era?

£275 Million Mistake: Father To Sue Local Authority Over Bitcoin Hard Drive

Franklin Templeton Enters Spot Ether ETF Pursuit Alongside Ark and BlackRock

Shiba Inu Keluar dari Pola Bearish, Harga SHIB Siap Melesat ke Utara

Join our free newsletter for daily crypto updates!