Boost

2024

The post <a href="https://coinpedia.org/price-analysis/xrp-price-might-surge-nearly-50-amid-ripple-vs-sec-settlement-rumors/">XRP Price Might Surge Nearly 50% Amid Ripple vs SEC Settlement Rumors&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amid the broader market recovery, the XRP price surge teases a bull run ahead with a successful retest of the $0.56 level. Furthermore, the upcoming SEC meeting on July 25th is crucial, held to determine XRP’s regulatory status.&nbsp; 
The Ethereum ETF trading starting today will likely boost the XRP price for a price jump to $1 potentially. So, let’s have a closer look at the Ripple price analysis as multiple catalysts line up to increase the trend momentum.&nbsp; 
Will the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price prediction</a> of hitting $1 in 2024 hold true? Let’s find out now.&nbsp; 
<h2 class="wp-block-heading" id="h-wedge-breakout-run-finds-additional-boost-with-golden-crossover-chances">Wedge Breakout Run Finds Additional Boost With Golden Crossover Chances</h2> 
With a bullish reversal from the $0.41827 support level, the double bottom reversal in the XRP price breaks above the resistance trendline. Signalling a falling wedge breakout, the altcoin price has surged by 43% in the last two weeks.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeKBR7minui7_WB_RVsEYg0T_8QG3-lUNYsqHMGuWS3nbHrQm3LESJdp1XTwdVPJEWvrgBfO5asuLJtJq02KK8qfshsnDKqcxm60OKJVWYoH_xPR15NE2A40yMK7cqZtK4PE6A5byulOl8-Rmnsx_hq5US3?key=E-A89DOYUzf0c8F9snyBEA" alt="">
</figure> 
<a href="https://www.tradingview.com/x/tRbHDVJz/">Tradingview</a> 
Amid the recovery rally, a minor setback retests the $0.56 level and the 200D EMA with a lower price rejection candle. With another V-shaped reversal, the XRP price sustains above the 50% Fibonacci level.&nbsp; 
With a market cap of $33.66B, the altcoin price trades at $0.6021 and an intraday fall of 0.93%.&nbsp; 
Technical Indicator: 
MACD: Due to the sudden retest and slow recovery, the MACD and signal lines warn of a bearish crossover.&nbsp; 
EMA: The 43% jump and the breakout rally increase the possibility of a golden crossover between the 50D and 200D EMA.&nbsp; 
<h2 class="wp-block-heading" id="h-will-xrp-price-hit-1">Will XRP Price Hit $1?</h2> 
Sustaining above the 50% Fibonacci level, the bullish dominance increases the uptrend chances. However, the upcoming SEC meeting on July 25th will determine the future price trend in the Ripple token.&nbsp; 
As the altcoin price recently surged on speculation of the Ripple-SEC settlement, a decision on Thursday on similar lines will boost XRP.&nbsp;&nbsp; 
With the next resistances at $0.65 and $0.72, the bullish run could hit the 1.618 Fib level at $0.91. Thus, it will make the $1 milestone at the grasp of a bullish hand.&nbsp;

XRP Price Might Surge Nearly 50% Amid Ripple vs SEC Settlement Rumors

Inhaltsverzeichnis

CoinPedia News

Weitere Artikel, die am 23. Juli 2024 veröffentlicht wurden

DOT’s price watch – Examining if and when $6.5 will fall for Polkadot

MoonBag’s 2024 Crypto Presale: A Game-Changer That’s Ousting Kaspa and Arbitrum

Bitcoin Kimchi Premium Collapses as Korean Crypto Market Cools

AOC Needs To Fire Her Consultants, Attacking Crypto 'Political Suicide,' Says Tyler Winklevoss

Crypto Disaster: dYdX v3 Hacked During Crucial Sale Negotiations!

Terra Luna Investors: Don’t Miss the Deadline for Filing Your Claim

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!