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<p>The post <a href="https://coinpedia.org/news/xrp-price-surge-imminent-key-metrics-reveal-bullish-potential/" rel="noopener noreferrer nofollow">XRP Price Surge Imminent? Key Metrics Reveal Bullish Potential</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The overall cryptocurrency market is in a downturn, but key metrics are flashing that the XRP price is set to skyrocket. In the past week, XRP has experienced a massive price drop of over 12% potentially due to the bearish market sentiment and the recent decline in Bitcoin (BTC).&nbsp;</p>
<h2 class="wp-block-heading" id="h-xrp-s-bullish-signals-nbsp"><strong>XRP’s Bullish Signals&nbsp;</strong></h2>
<p>The current data including a descending trendline breakout, bullish Divergence, token inflow on exchanges, exchange reserve, and price action, indicate a bullish outlook for XRP despite the bearish market sentiment.&nbsp;</p>
<h3 class="wp-block-heading" id="h-expert-bullish-outlook-for-xrp-nbsp"><strong>Expert Bullish Outlook for XRP&nbsp;</strong></h3>
<p>Besides these data, experts are also speculating a bullish outlook for XRP. Recently, a <a href="https://x.com/B_arri_C/status/1830206364758712346" target="_blank" rel="noopener noreferrer nofollow">crypto expert</a> made a post on X (previously Twitter) that XRP will start skyrocketing within the next 30 days. Additionally, he also noted that currently there’s still an opportunity to accumulate the token below $1.&nbsp;</p>
<p>He also predicted that by November and December, XRP will reach $3, and by 2025, there is also a possibility of an XRP Exchange Traded Fund (ETF). However, he concluded by adding “The next six months will be explosive for XRP.”</p>
<h2 class="wp-block-heading" id="h-xrp-technical-analysis-and-upcoming-levels"><strong>XRP Technical Analysis and Upcoming Levels</strong></h2>
<p>According to the expert technical analysis, <a href="https://coinpedia.org/price-analysis/ripple-is-7-down-will-xrp-price-hold-its-0-56-level-or-plunge/" rel="noopener noreferrer nofollow">XRP looks bullish</a>. It has experienced a breakout of a descending trendline in a four-hour time frame and is currently moving above the crucial support level of $0.555. Additionally, on a higher time frame (Daily), it is in an uptrend as it is trading above the 200 Exponential Moving Average (EMA).</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="449" src="https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-1024x449.png" alt="" class="wp-image-346286" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-1024x449.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-300x131.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-768x336.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-1536x673.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28-150x66.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015818/XRPUSDT_2024-09-03_01-22-28.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>
<p>However, the technical indicator named Relative Strength Index (RSI) flashes a bullish divergence that suggests a trend reversal from a downtrend to an uptrend. In recent days, the XRP price has been forming a lower low while the RSI has been making higher lows. Traders and investors view this as a potential buy signal.&nbsp;</p>
<p>Since July 2024, XRP has revisited this support level multiple times, and each time it has experienced an upside rally of 12% to the $0.635 level. There may be a similar rally in the XRP price this time.</p>
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics"><strong>Bullish On-Chain Metrics</strong></h2>
<p>Meanwhile, XRP’s on-chain metrics support this bullish outlook. CryptoQuant’s XRP exchange inflow is currently at its lowest level, indicating a potential buying opportunity.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="576" src="https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-1024x576.png" alt="" class="wp-image-346287" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-1536x864.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-2048x1152.png 2048w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015858/XRP-Ledger-Exchange-Inflow-Binance-150x84.png 150w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  Source: CryptoQuant
 </figcaption>
</figure>
<p>Additionally, the exchange reserve is also at a low level, suggesting that investors are currently accumulating tokens at these lower prices.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-1024x576.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="576" src="https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-1024x576.png" alt="" class="wp-image-346288" srcset="https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-1024x576.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-768x432.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-1536x864.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-2048x1152.png 2048w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2024/09/03015924/XRP-Ledger-Exchange-Reserve-Binance-1-150x84.png 150w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption class="wp-element-caption">
  Source: Crypto Quant
 </figcaption>
</figure>
<h3 class="wp-block-heading" id="h-xrp-price-performance-nbsp"><strong>XRP Price Performance&nbsp;</strong></h3>
<p>At press time, XRP is trading near $0.566 and has experienced a price surge of over 1.3% in the last 24 hours. Meanwhile, its trading volume has skyrocketed by 65% during the same period, indicating higher participation from traders and investors amid a bullish outlook.</p>

XRP Price Surge Imminent? Key Metrics Reveal Bullish Potential

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