After years of not experiencing significant moves, XRP seems poised to soar high. In early 2018, when the XRP price reached its all-time high (ATH), investors felt a sense of euphoria that remained memorable for a long time. However, six years on with the price plummeting, XRP is showing signs of starting to bounce back from its long slumber.
XRP Starts Moving
Although the crypto bull market has pushed up the prices of various crypto assets soaring, XRP seems to be just beginning its journey. Since January 2023, XRP has only seen a gain of 130%, lagging far behind the rapid rise experienced by other cryptocurrencies.
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XRP Price Today
At the time of writing, the XRP price is trading at the level of Rp11,089 per coin on Tuesday 12/03/2024. XRP's price performance itself shows a positive trend with an increase of 13.61% in the last 24 hours based on data monitoring from Bittime.
Source: Bittime
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XRP Breakout
Data sources from Coingecko and Trading View show that XRP experienced a significant price increase on Monday. Price charts show potential confirmation breakouts or returns to previous patterns—a phenomenon known as 'fakeout'. However, further analysis suggests that the chances of a breakout are actually higher.
Analysis on the weekly chart reveals a large triangle formation in the XRP price pattern. This triangle, which is often interpreted as bearish, is now showing bullish signals after a breakout.
XRP Price Prediction
With the breakout confirmed, the price target for XRP looks promising. Based on the latest analysis, XRP's price targets are at $0.87 (IDR 13,559.45), $2.00 (IDR 31,170.00), $3.28 (IDR 51,119.84), and $5.28 (IDR 82,269.44). If this target is achieved, it could be the beginning of a golden era for XRP. Investors are advised to be prepared, as the market may heat up soon.
Get to know Ripple (XRP)
Ripple, or XRP, is a digital currency created to facilitate fast and efficient global financial transactions. Ripple differs from other cryptocurrencies in that it is specifically designed to work with banks and other financial institutions, offering a faster and cheaper cross-border payment solution compared to traditional methods.
XRP: More Than Just a Crypto Asset
XRP serves as a link between fiat currencies in transactions, enabling fast and smooth exchange of value. With a transaction capacity of thousands per second and low transaction fees, XRP offers an attractive alternative to current payment systems.
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How to Buy Ripple (XRP) on Bittime
You can buy and sell Ripple (XRP) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Ripple (XRP) is available on Bittime with the XRP/USD market pair. To be able to buy XRP IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Ripple (XRP) on Bittime.
Monitor the price chart movements of Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Is an XRP ETF Coming Soon? This is what the Ripple CEO said
Ripple (XRP) Price Surges Amid Massive Buy and Sell
XRP Has the Potential to Skyrocket to $107: Will It Follow BTC's Bullish Trend?
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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