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XRP

XRP Price Back Above $1, A 20% Jump Possible Yet A Little Tricky!

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After the bloodbath in the crypto space in the past couple of days, most of the crypto assets have regained bullish momentum. XRP price is also attempting very hard to catch up with the uptrend and remain above $1 levels. Yet the bears are very active and giving a very tough fight for the bulls. 

However, the current rebound is still not enough to regain the lost positions. As the price is still trending with the descending parallel channel and a huge influx of liquidity could uplift the price. However, the probabilities of a massive leg up are still on cards as the asset is still trending within a pattern.

xrp price
Coipnedia had earlier reported the XRP price is probably forming a cup & handle pattern, it is following the same trend. And very soon a massive breakout may make its way out as an outcome that could uplift the price by more than 20%. However, $1.5 still remains the crucial zone to validate an uptrend. 
But on the contrary, the trading volume could act as a barrier without meeting the required numbers. Despite the XRP price at the press time being $1.01 with a jump of 7.24% and market cap up by 7.39%, yet the trading vi=olume remains down by 1.57%. And hence new buyers need to jump in to increase the volatility in order to pull the next leg up.

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Ripple

XRP Value Tripled Since The SEC Actions, Mike Novogratz Says

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Mike Novogratz posted an interesting message on his social media account about the price of XRP. Check it out below.

Someone said: “It plummeted over 60% when the case was filed wiping some people out because they panic sold or was forced to sell. That’s ok if it’s b/c the market itself was the cause but it’s not ok when caused by arbitrary SEC overreach.I agree its recovery shows it’s not only tied to Ripple.”

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One other commenter posted this: “based on XRP’s utility potential , it should be 50x by now in comparison to slow BTC and high gas fees of ETH. so it just trippled since lawsuit after 80% straight dump where as others are 6X since dec 2020 post ripple lawsuit.”

XRP bullish prediction is out

It’s been just revealed that the crypto market intelligence platform Santiment analyzes key on-chain metrics for XRP that are flashing healthy signals for the coin.

Santiment is addressing XRP’s social volume metric and says discussions involving the sixth-largest crypto-asset all over the internet have been pretty quiet.

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Check out what the firm has to say:

“XRP’s social volume saw an uptick, but nothing too crazy like what we observed back in April, where [its] price was parabolic and everyone was just crazy over XRP.”

Santiment continued and pointed out the following as well:

“This lack of interest from the crowd is healthy for now and more so when price keeps inching upwards and social volume remains low, suggesting perhaps the crowd are in disbelief.”

Someone said: “It plummeted over 60% when the case was filed wiping some people out because they panic sold or was forced to sell. That’s ok if it’s b/c the market itself was the cause but it’s not ok when caused by arbitrary SEC overreach.I agree its recovery shows it’s not only tied to Ripple.”

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One other commenter posted this: “based on XRP’s utility potential , it should be 50x by now in comparison to slow BTC and high gas fees of ETH. so it just trippled since lawsuit after 80% straight dump where as others are 6X since dec 2020 post ripple lawsuit.”

XRP bullish prediction is out

It’s been just revealed that the crypto market intelligence platform Santiment analyzes key on-chain metrics for XRP that are flashing healthy signals for the coin.

Santiment is addressing XRP’s social volume metric and says discussions involving the sixth-largest crypto-asset all over the internet have been pretty quiet.

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Check out what the firm has to say:

“XRP’s social volume saw an uptick, but nothing too crazy like what we observed back in April, where [its] price was parabolic and everyone was just crazy over XRP.”

Santiment continued and pointed out the following as well:

“This lack of interest from the crowd is healthy for now and more so when price keeps inching upwards and social volume remains low, suggesting perhaps the crowd are in disbelief.”

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XRP

XRP Price to Test $1.2 Level !! Will the Altcoin Rise or Crash Below $1 ?

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XRP Price approaches crucial levels as it reaches a higher low of $1.10 was promptly tested, driving XRP higher. As a result, XRP/USD is predicted to continue upward during the next 24 hours, with a target of $1.20. Positive momentum is resuming, which will most likely lead to the $1.20 resistance later today.

So far in October, positive momentum has returned to the Ripple price action. XRP/USD soared higher on October 1st after a series of failed attempts to move below $0.90 at the end of September.

Ripple first peaked around $1.10 before spiking higher on October 9th following some consolidation. This time, a fresh high was hit around $1.235, with XRP retracing below $1.10 in the aftermath.

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However, positive momentum has resumed since then, slowly pushing XRP/USD higher. Ripple price action yesterday rejected any fall over $1.10, signaling that we are set to go higher later today.

Ripple powering through!

Analysts expect a huge surge in XRP, and they’re optimistic about the new alliances. According to social trading platform eToro, XRP became the number one cryptocurrency in the UK in the third quarter of this year. Holders of XRP are optimistic about the outcome of the SEC v. Ripple case.

According to eToro, the social trading site, XRP is the most popular cryptocurrency in the United Kingdom, followed by Cardano (ADA). In Q3 2021, cryptocurrency traders in the United Kingdom invested more money in XRP than any other cryptocurrency.

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Intriguingly, over the last several months, XRP has seen a surge in retail and institutional use. Ripple engaged with the Digital Pound Foundation and prepared to work in accordance with the company’s goals of collaborating with global institutions and resolving CBDC development difficulties.

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XRP Forecast October 18 — 22, 2021

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XRP/USD end the trading week at 1.1394 and continue to move as part of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.9255. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8055.

Cryptocurrency XRP Forecast October 18 — 22, 2021

An additional signal in favor of the growth of XRP quotes in the current trading week October 18 — 22, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.6505 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below the level of 0.5005. Confirmation of the growth of the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the 1.3655 area.

Cryptocurrency XRP Forecast October 18 — 22, 2021

Cryptocurrency XRP Forecast October 18 — 22, 2021 suggests an attempt to test the support level near the 0.9255 area. Where can we expect the continued growth of quotations with a potential target at the level of 1.8055. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be the breakdown of the 0.6505 area. This will indicate a continued decline with a target below 0.5005.

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