2024

Litecoin

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/this-altcoin-will-soon-join-the-party-while-xrp-price-is-poised-to-hit-2-in-2024/">This Altcoin Will Soon Join the Party: While XRP Price is Poised to Hit $2 in 2024</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
No sooner than the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> achieved new highs at $69,000, the crypto markets were flooded with huge buying volume. Nevertheless, it remained for a very restricted time frame as the altcoins had a strong pullback, despite experiencing a minor bullish push. Among them are some tokens like Ethereum, which sustained strongly, while others like XRP and <a href="https://markets.coinpedia.org/litecoin/" target="_blank" rel="noreferrer noopener">Litecoin (LTC)</a> faced major drawbacks. 
However, both tokens continue to remain at the foothills of an explosion, which may propel the prices beyond interim resistance. The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> is trying to breach the upper resistance despite multiple failed attempts. The current trade set-up indicates the price may again face a minor pullback as the technicals turn bearish.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/vNVy_NtEnphf7m4uO_8joIb6I4VENOZkgVKcA5YwS5rXqEbxVBggcMzxKPoD1uzoQ-lS4Geh7QDf7tJc5r789vMvqAF-pD58YJqqQIL-JJBt2fvAJ7PJEciIRl2m1GEz_lOk7OF0tIIH8QvsP52OVpc" alt="">
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The weekly chart suggests price trading within a decisive symmetrical triangle, while the token is still distinct from its apex. RSI is displaying a bearish divergence, while DMI is also not favouring the bulls. However, after the recent pullback from $0.66 to $0.54, the price has reclaimed $0.6, which suggests the bullish momentum will prevail. 
Hence, the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP price</a> may consolidate along the resistance for a couple of weeks, beyond which a healthy rebound could lift the price above $0.7 initially and later to $0.8.&nbsp;Once the price settles above $1, the XRP price is believed to head towards higher targets, probably above $2. Meanwhile, Litecoin appears to be a step ahead of XRP as the price has breached the resistance and also completed the retracement, making it ready for the upcoming explosion.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/top-meme-coins-that-will-make-you-millionaire-this-bull-market/">Top Meme Coins That Will Make You Millionaire This Bull Market</a> 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/F-MraT2pyOKNpNkfRomf9F1RooptSNmxYPK9OMCI_6x3CrOtecYjVsiZTcLg3sP-zz512zxbW02PNXgqK7SD9pHMfk_fHSrms-mApMtd--oEobqVNZxPx-TaWu2VRQ0gL7S12yGDXPOkYlVn3wIYMNo" alt="">
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The Litecoin price is undergoing a minor retracement after piercing above the upper resistance of the decisive symmetrical triangle. Although the RSI is bearish, the resistance-tuned support may offer the required base to trigger a healthy rebound. Therefore, the LTC price is believed to maintain a fine upswing in the coming days as the volume remains within decent levels.

This Altcoin Will Soon Join the Party: While XRP Price is Poised to Hit $2 in 2024

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