XRP is Predicted to Reach $0.725574 By Jan 27, 2024

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 down -3.81% today against the US Dollar
• XRP is currently trading 26.58% below our prediction on Jan 27, 2024
• XRP dropped -13.70% in the last month and is up 31.63% since 1 year ago

XRP price is expected to rise by 34.62% in the next 5 days according to our XRP price prediction

XRP price today is trading at $ 0.532713 after losing -3.81% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.71% in the same time period. XRP performed poorly against BTC today and recorded a -1.59% loss against the world’s largest cryptocurrency.

According to our XRP price prediction, XRP is expected to reach a price of $ 0.725574 by Jan 27, 2024. This would represent a 34.62% 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 negative trend recently, as the coin lost -13.70% in the last 30-days. The medium-term trend for XRP has been bearish, with XRP dropping by -1.94% in the last 3 months. The long-term picture for XRP has been positive, as XRP is currently displaying a 31.63% 1-year price change. On this day last year, XRP was trading at $ 0.404710.

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 low volatility recently – the 1-month volatility of the coin is at 4.84. XRP recorded 12 green days in the last 30 days.

XRP technical analysis for today – Jan 22, 2024

The sentiment in the XRP markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.545373, $ 0.542669 and $ 0.537261, while $ 0.553485, $ 0.558893 and $ 0.561597 are the key resistance levels.

Bearish sentiment for XRP

3 indicators are currently signaling a bullish prediction for XRP, while 26 indicators are showing a bearish forecast. With 90% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for XRP.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 55 (Greed), which signals that investors have a positive 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 37.02, 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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

The bottom line about this XRP prediction

After considering the above factors, we can conclude that the current forecast for XRP price prediction is Bearish. XRP would have to increase by 34.62% to hit our $ 0.725574 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.