XRP Gained 36.91% in Last Month and is Predicted to Reach $0.882579 By Aug 13, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• XRP is up 3.00% today against the US Dollar
• XRP is currently trading 27.47% below our prediction on Aug 13, 2023
• XRP gained 36.91% in the last month and is up 70.38% since 1 year ago

XRP price is expected to rise by 37.57% in the next 5 days according to our XRP price prediction

is trading at $ 0.640131 after gaining 3.00% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.95% in the same time period. XRP performed well against BTC today and recorded a 1.21% gain against the world’s largest cryptocurrency.

According to our XRP price prediction, XRP is expected to reach a price of $ 0.882579 by Aug 13, 2023. This would represent a 37.57% price increase for XRP in the next 5 days.

XRP Price Prediction Chart

Buy/Sell XRP

What has been going on with XRP in the last 30 days

XRP has been displaying a positive trend recently, as the coin gained 36.91% in the last 30-days. The medium-term trend for XRP has been bullish, with XRP increasing by 49.23% in the last 3 months. The long-term picture for XRP has been positive, as XRP is currently displaying a 70.38% 1-year price change. On this day last year, XRP was trading at $ 0.375708.

XRP reached its all-time high price on Jan 04, 2018, when the price of XRP peaked at $ 3.92. The current XRP cycle high is $ 1.98, while the cycle low is at $ 0.113268. XRP has been displaying high volatility recently – the 1-month volatility of the coin is at 13.91. XRP recorded 12 green days in the last 30 days.

XRP technical analysis for today – Aug 09, 2023

The sentiment in the XRP markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.623748, $ 0.604674 and $ 0.593688, while $ 0.653808, $ 0.664793 and $ 0.683867 are the key resistance levels.

Neutral sentiment for XRP

25 indicators are currently signaling a bullish prediction for XRP, while 9 indicators are showing a bearish forecast. With 74% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for XRP.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

XRP moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how XRP is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for XRP is at 42.46, suggesting that XRP is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of XRP over the last 50 days. Currently, XRP is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XRP closing price for the last 200 days. XRP is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this XRP prediction

After considering the above factors, we can conclude that the current forecast for XRP price prediction is Neutral. XRP would have to increase by 37.57% to hit our $ 0.882579 target within the next five days. Moving forward, it will be important to monitor the XRP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term XRP price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.