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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/ripple-news-analyst-predicts-xrp-price-rally-is-0-66-possible/">XRP Price to Reach $0.66? Analyst Says Yes!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> is making noteworthy strides, breaking through barriers and sparking optimism of a potential $0.66 milestone. This hinges on XRP’s ability to maintain its position above the $0.50 mark. Ripple, the company behind XRP, recently infused the market with a billion XRP tokens, a move that has lent some support to its price. </p> 
<p>However, sustaining this upward momentum requires XRP to remain above $0.50. Despite Ripple’s efforts, their recent actions have not had a substantial impact on the coin’s valuation.</p> 
<h2 class="wp-block-heading" id="xrp-price-prediction">XRP Price Prediction</h2> 
<p>An analyst known as Dark Defender has identified an upturn in XRP’s price, reminiscent of a rally in July that followed a legal victory against the SEC. Dark Defender projects a potential target of $0.66 if XRP manages to stay above the $0.50 threshold. It’s worth noting that October typically witnesses heightened trading activity in the cryptocurrency market, which bodes well for assets like XRP and Bitcoin.</p> 
<p>Adding to the optimism, a technical pattern suggests a potential upward shift. Ripple’s introduction of the ‘Clawback’ feature is viewed as a positive development for XRP’s value. This feature enhances control over tokens issued on the ledger, which could have a positive impact on XRP’s performance.</p> 
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   <p lang="en" dir="ltr">I am sad to miss Proper Party tomorrow<br><br>But on the otherhand so happy for the ones who will attend. <br><br>Enjoy the show.<a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1707392672208490868?ref_src=twsrc%5Etfw">September 28, 2023</a>
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<p>Read More: <a href="https://coinpedia.org/news/xrps-vision-for-the-future-to-revolutionize-international-payment-with-293m-transactions-daily/">Could Ripple’s XRP be the Future of Global Payments? Experts Debate</a></p> 
<p><strong>Let’s see how and why it’s important for XRP to achieve a new ATH.&nbsp;</strong></p> 
<h2 class="wp-block-heading" id="h-historical-trends">Historical Trends</h2> 
<p>Historical data reveals that <a href="https://coinpedia.org/price-analysis/did-uptober-clam-down-in-a-hurry-is-there-any-reason-to-be-optimistic-about-the-crypto-markets/">October</a> tends to be a favorable period for the cryptocurrency market, particularly following a relatively subdued third quarter. QCP Capital, a crypto asset trading firm, highlights the seasonality of the crypto market during this time. If this pattern holds, it could provide a short-term boost to XRP’s performance.</p> 
<h2 class="wp-block-heading" id="technical-analysis">Technical Analysis</h2> 
<p>A technical analysis points to the significance of XRP ending September with a “doji” candlestick pattern. What’s intriguing about this pattern is the balance it suggests between buying and selling pressure, hinting at a possible reversal from the recent downtrend. According to the analyst, this signals a potential move towards the coveted $0.66 mark.</p> 
<p>Beyond that, the analyst envisions a long-term channel with potential resistance levels at $0.91 and $1.33, setting the stage for a new all-time high at $5.85 should it surpass $1.8815. As of the latest data, XRP is trading at $0.50797 and is seeking support at the 38.2% <a href="https://coinpedia.org/traders/fibonacci-extensions-crypto-indicator/">Fibonacci retracement level</a>, situated at $0.5083 on the 4-hour chart.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripple-ipo-valuation-predicted-to-skyrocket-20x-to-600-will-xrp-price-hit-new-ath/">Ripple IPO Valuation Predicted to Skyrocket 20x: XRP to the Moon?</a></p> 
<h2 class="wp-block-heading" id="bright-road-ahead">Bright Road Ahead </h2> 
<p>Should XRP succeed in breaching this critical resistance level, the analyst anticipates that the all-time high (ATH) could become a reality. However, in the event of further downward pressure, the crypto analyst foresees a substantial support range spanning from 39 to 46 cents. </p>

XRP Price to Reach $0.66? Analyst Says Yes!

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