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<p>Once again, the XRP price has surged from its average value continuing for years. But many fear it of a minor push before the price falls to the average price, whereas many analysts believe it is the start of a Bull Run. XRP has been struggling for years, losing all of its gains. During all these years, XRP has made various attempts to break the resistance and surge to a high peak but failed.</p>
<p>In this blog, let us discuss whether the XRP price might recover or not.</p>
<h2 id="xrp-price-analysis">XRP Price Analysis</h2>
<p><a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a> has surged by 4% from yesterday and is currently trading at $0.6301 with a market cap of $34,670,435,874. Its trading volume has also seen a surge where the value has risen by 55%, pushing the value to $2,452,337,304.</p>
<p><a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/"><img decoding="async" class="aligncenter size-full wp-image-190645" src="https://coingape.com/wp-content/uploads/2024/04/image-12.png" alt="XRP Price Analysis" width="676" height="379" srcset="https://coingape.com/wp-content/uploads/2024/04/image-12.png 676w, https://coingape.com/wp-content/uploads/2024/04/image-12-300x168.png 300w, https://coingape.com/wp-content/uploads/2024/04/image-12-150x84.png 150w" sizes="(max-width: 676px) 100vw, 676px"></a></p>
<p>&nbsp;</p>
<p>This is not the best performance of XRP because, in March, the price surged to a high of $0.718. However, the current gains have also made a significant impact for investors.</p>
<p>Also Read: <a href="https://coingape.com/trending/ripple-ceo-brad-garlinghouses-crypto-prediction-for-2024/" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse’s Crypto Prediction For 2024</a></p>
<p>XRP has failed to achieve its all-time high value of $3.84, which happened around six years ago. It questions the current hike of the XRP as to whether it will succeed this time.</p>
<h3 id="top-reasons-why-xrp-price-might-recover">Top Reasons Why XRP Price Might Recover</h3>
<p>After the <a href="https://coingape.com/ripple-vs-sec-good-news-court-crypto-xrp-secondary-market-sales/" rel="noopener noreferrer nofollow">SEC vs Ripple</a> fight, the XRP moved barely before turning bullish a few days ago. Based on these bullish indicators, the XRP price might grow more over the next few days.</p>
<h4>XRP Bullish Indicators</h4>
<p>XRP entered April with an uptrend and has continued to move higher. Along with this, the <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">Relative Strength Indicator</a> is above 50, indicating the continuity of the upward trend. A similar trend was also seen in March, but the stimulus wasn’t enough for the price to recover.</p>
<p>Also Read: <a href="https://coingape.com/blog/3-new-augmented-reality-video-games-you-must-try-crypto-edition/" rel="noopener noreferrer nofollow">3 New Augmented Reality Video Games You Must Try: Crypto Edition</a></p>
<p>The Ripple token has not been able to cross the resistance level of $0.65 for months. If it succeeds this time, the chances are higher for XRP to jump to $1.</p>
<p>A crypto analyst, Dark Defender had predicted XRP to cross the $5.85 mark after analyzing the XRP’s sideways pattern. After this analysis, he called April a life price-changing month, breaking the potential resistance to target the $1 followed by $1.88 and $5.85.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Hey there. XRP is ready for the monthly break, which is imminent when you check the monthly time frame below.</p>
 <p>I hear the ones; <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> only goes sideways between $0.49, $0.58, and $0.67, right?</p>
 <p>Yeah yeah, I think starting this Month, April, a lot of melting faces will be around.… <a href="https://t.co/kqlhDEqpGy" rel="noopener noreferrer nofollow">pic.twitter.com/kqlhDEqpGy</a></p>
 <p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1777242288655098120?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h4>Upcoming Bitcoin Halving</h4>
<p>A bull run is supposed to follow the <a href="https://coingape.com/glossary/bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin halving</a> event, where XRP can significantly surge over the days. The experts have anticipated an 80% surge once the halving events are over. The 80% surge will push the XRP price beyond the all-time high record due to the increased liquidity and bullish market sentiments.</p>
<h2 id="conclusion">Conclusion</h2>
<p>Though the indications are not too strong for a full bullish push for the XRP price, the upcoming <a href="https://coingape.com/glossary/bull-market/" rel="noopener noreferrer nofollow">bull run</a> will play a definite role in pushing the XRP price closer to its ATH value. The XRP community has waited for a year for this comeback even when a few questioned the existence of the crypto. It has to see how the next few days will shift the future of this Ripple token.</p>
<p>Read More <a href="https://coingape.com/trending/3-top-most-profiting-meme-coins-right-now/" rel="noopener noreferrer nofollow">3 Top Most Profiting Meme Coins Right Now</a></p>
<p>The post <a href="https://coingape.com/trending/top-reasons-why-xrp-price-might-recover/" rel="noopener noreferrer nofollow">Top Reasons Why XRP Price Might Recover</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Top Reasons Why XRP Price Might Recover

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