Future

<p><a href="https://cryptoticker.io/en/token/XRP"><i>XRP</i></a><i> is making a comeback as Ripple's CEO Brad Garlinghouse anticipates the launch of an XRP ETF. With the SEC reducing Ripple's fine from $2 billion to $102.6 million, the market is buzzing with optimism.</i></p>
<h2 id="strong-xrp-price-analysis-the-expected-surge-strong"><strong>XRP Price Analysis: The Expected Surge</strong></h2>
<h3 id="strong-recent-price-movement-strong"><strong>Recent Price Movement</strong></h3>
<p>In the past week, <a href="https://www.tradingview.com/symbols/XRPUSD/?aff_id=127958">XRP</a> has seen a 1.08% increase, with a 1% rise in the last 24 hours. This comes on the heels of the <a href="https://cryptoticker.io/en/crypto-news-sec-ethereum-investigation">SEC ending its investigation into Ethereum</a>, fueling speculation about a potential XRP ETF.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XRP_Performance_1_D_and_W_720144b6ce.png" alt="By TradingView - XRP Performance - 1D &amp; 1W"></p>
<h3 id="strong-current-trading-range-strong"><strong>Current Trading Range</strong></h3>
<p>Since June 2022, XRP has been trending upward. However, recent Bitcoin volatility disrupted this trend, causing XRP to form a lower low. Currently, XRP is trading in a narrow range and aiming for the $0.55 mark to resume its uptrend.</p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XRPUSD_2024_06_20_5_Y_b5814eb6d2.png" alt="By TradingView - XRPUSD_2024-06-20 (5Y)">
</figure>
<h3 id="strong-technical-indicators-strong"><strong>Technical Indicators</strong></h3>
<p>XRP's price is below the 50-day and 200-day simple moving averages (SMA), indicating a bearish trend. The relative strength index (RSI 14) stands at 45 on the daily chart, reflecting some market weakness. However, if bulls take control, the RSI has significant upside potential, which could lead to a price surge.</p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XRPUSD_2024_06_20_3_M_d5540ffbba.png" alt="By TradingView - XRPUSD_2024-06-20 (3M)">
</figure>
<h3 id="strong-xrp-price-prediction-potential-price-movements-strong"><strong>XRP Price Prediction: Potential Price Movements</strong></h3>
<p>If the bulls gain strength, XRP could see a 14% increase, reaching $0.55, the upper boundary of its current range. This level might present resistance, but breaking past it could push XRP towards $0.74, with interim resistance at $0.61 and $0.65. On the downside, support levels are around $0.43 and $0.38.</p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XRPUSD_2024_06_20_1_M_01f6de2a4c.png" alt="By TradingView - XRPUSD_2024-06-20 (1M)">
</figure>
<h3 id="strong-whale-activity-strong"><strong>Whale Activity</strong></h3>
<p>Recently, whales have transferred over 52 million XRP to centralized exchanges, suggesting potential selling pressure in the near future.</p>
<h2 id="strong-xrp-price-future-outlook-strong"><strong>XRP Price Future Outlook</strong></h2>
<p>Despite the sluggish price movement, the XRP community remains hopeful. On June 14, following the approval of Ethereum ETFs (19-4b), Brad Garlinghouse discussed the possibility of an XRP ETF on Fox Business. This optimism is further fueled by the recent SEC settlement, reducing Ripple's fine significantly.<br>&nbsp;</p>
<p><i>The prospect of an XRP ETF is increasingly plausible. Despite ongoing legal challenges, a swift resolution could lead to a significant price reversal for XRP, much like the optimistic predictions for Ethereum.</i></p>

XRP Price Prediction: Will an XRP ETF Push Prices Back Over 1$?

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Ďalšie články zverejnené 20. 6. 2024

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