XRP Skyrockets Past $3 for the First Time in 7 Years! Is $4 Next?
This month alone, the price of XRP has surged by approximately 50%. At this point, altcoins have successfully regained the $3 mark for the first time in seven years. Despite recent calls from the U.S. Securities and Exchange Commission, the Ripple coin has maintained a bullish trend, highlighting the strong fundamentals of altcoins in the market.
Additionally, the third-largest cryptocurrency by market capitalization surged more than 240% in 90 days. Given the current market sentiment, investors are curious about questions like “How high will the XRP price go?” We at CoinPedia lift the veil on a possible short-term mystery surrounding the Ripple (XRP) token.
Ripple token hits 7-year high!
The price of XRP increased by 12.38% in 24 hours, with a trading volume of $26.781 billion, a change of +40.42%. Moreover, this altcoin has surged 43.89% in the past week. This highlights the intense buying pressure on the altcoin.
Furthermore, the altcoin has surged 27.15% in the past 30 days. Ripple token successfully occupied the 03rd place in the global cryptocurrency market with a market capitalization of US$191.235 billion.
XRP technical sentiment
The Relative Strength Index (RSI) broke out of overbought territory on the daily time frame, with its average trendline supporting the price chart. This indicates increased buying and oversold pressure on altcoins in the cryptocurrency space.
Additionally, the SMA indicator is showing a bullish curve on the Ripple price chart. This highlights the positive outlook for the future of Ripple’s XRP token.
Will Ripple price hit $4 this week?
If the bullish sentiment persists, Ripple’s price will retest the $3.5 mark. Maintaining the uptrend could lead to Ripple price reaching new all-time highs by the end of the week.
Conversely, if a bearish reversal occurs, XRP coin price will retest the $3 support trendline. Furthermore, if bears dominate the cryptocurrency market, the price of XRP Coil will plummet to as low as $2.50.
Wondering if the XRP cryptocurrency will reach a new ATH this week? Read CoinPedia’s XRP Price Prediction Unravel a long-standing mystery!
FAQ
Top cryptocurrency analysts believe Ripple will surpass the $1,000 mark in the future.
The price of Ripple surged 12.38% in 24 hours, with transaction volume reaching $26.781 billion.
As adoption increases and bullish sentiment rises, this altcoin could trade as high as $15.65.
