XRP price prediction 2024, 2025, 2026 is bullish and suggests new highs are possible in coming years. Buyers defended the $0.5000 support and prices entered into a recovery phase.
Ripple’s XRP price broke out of the $0.5500 hurdle and expanded the range in an upward direction. The recent breakout improves the sentiment of its long term investors and fueled the rally.
XRP price is trading above the 50-day EMA and 200-day showcasing uptrend. The EMAs displayed the golden crossover and boosted confidence of the investors.
Ripple’s coin XRP price is rising upward on a daily basis by forming higher high candles. The buying volume is also increasing indicating that genuine investors are participating in the rally and expecting out performance.
The price action shows that the recent up move looks powerful and prices are likely to hold the gains.
On the higher side, $0.7014 is likely to act as an immediate hurdle for the bulls. If the buyers succeed to break $0.7014 level price might rally to YTD highs. At the time of writing, XRP price is trading at $0.6289 with an intraday rise of 2.28%.
XRP Price Prediction 2024: Is $2.00 Possible by 2024 End?
XRP price prediction 2024 favors the bulls and indicates that XRP will outperform in the upcoming bull run.
This cryptocurrency is highly undervalued as compared to its peers. So, in the next bull run it might become one of the preferable choices for the long term investors.
In coming months, if buyers are able to break the $0.9386 hurdle then prices will begin the journey to reach $2.00. However, the analysis says that it will be difficult for buyers to hit $2.00 by the end of 2024.
Long Term Ripple’s XRP Price Prediction
Ripple’s XRP price prediction 2024 suggests a significant rise in the value is possible. By analyzing the price behavior and performance of the past, the analysis suggests XRP crypto may hit a potential high of $1.600. The average price is expected to be near $1.2000.
In 2025, XRP price might continue the uptrend and a new high may be visible. If buyers succeed to hold the $1.5000 level then potential high of $2.00 and above may also be seen.
In 2026, XRP crypto price might witness short term correction and profit booking may come. The probability of hitting new highs in 2026 remains low and prices are expected to spend time in the range between $1.00 to $2.00.
Conclusion
XRP price prediction 2024 and 2025 stays bullish but 2026 might become a year of consolidation. The analysis suggests that Ripple’s XRP price is currently undervalued so investors may look to buy for generating nominal returns.
Technical levels
- Resistance levels: $0.7014 and $0.9386
- Support levels: $0.5254 and $0.4000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/05/xrp-price-prediction-2024-2026-xrp-crypto-is-gem-for-investors/