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

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 23 thg 7, 2024

140 Million XRP Acquired by Mega Whales in Bullish Rush: Details

5 Promising Crypto Coins to Invest in July 2024 – Maximize Your Returns with These Projects

Q3 Altcoin Heat: BlockDAG’s Upcoming CEO Reveal & Stellar $60.4 M Presale Dominate, ETH & TRX Sur...

Crypto Market Analysis: Top 5 Crucial Bitcoin Signals to Keep an Eye On

BlockDAG Attracts Investors Following Partnership with UFC Champ Alex Pereira; Additional Insight...

$MEW Price Surges 40%, But Can It Last? Consider This Meme Coin Instead

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!