Ripple (XRP) Prediction: Will it Rise or Fall

Bittime - The world of cryptocurrency in 2024 is full of diverse stories. While Bitcoin and Ethereum are soaring high, driven by growing acceptance from financial institutions and the general public, XRP remains a mystery. 

Although the price is up slightly by around 18.5% this year, the increase is not comparable to the surge in prices of other crypto assets . 

However, there are signs of a potential change in direction for XRP, check out the information in this article.

Uncertainty

Further complicating XRP's future is the ongoing legal dispute between Ripple Labs, the company behind XRP, and the United States Securities and Exchange Commission (SEC).

The SEC accused XRP of being an unregistered security. The case, which is expected to be resolved in May 2024, continues to raise uncertainty about the regulatory status of XRP.

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Two Future Predictions: Optimistic vs. Optimistic Be careful

According to Crypto Analyst AD (YouKnowWho) although the current state of XRP looks gloomy, there is an optimistic view about its future. 

Some technical analysts estimate a potential increase of 15% of IDR 5,620 (assuming an exchange rate of USD 1 = IDR 15,000) in June 2024.  

If it successfully breaks through this resistance level, XRP has the potential to soar even higher, following historical price movement patterns between 2014 and 2017.  

In an optimistic scenario, XRP could even reach a new record high (ATH) above IDR 26,600 .

However, a more cautious view predicts a possible 20% price drop, bringing XRP down IDR 3,750

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Beyond 2024: A Look at the Future

XRP's long-term prospects remain unclear. The settlement of the SEC lawsuit and wider adoption of Ripple's xRapid payment solution could significantly influence XRP price movements.  

Looking at the current challenges, some analysts believe that XRP has the potential to become a major player in the global cross-border payments industry, potentially increasing its value in the coming years.

Also Read: Axie Infinity (AXS): Future Price Potential (2024-2035)

Current Ripple (XRP) Price

Source: Bittime

According to the Bittime.com market, the price of 1 XRP to IDR is at Pr 10,904 and during the last 24 hours Ripple (XRP) experienced a price decline of -0.41%

Based on the Bittime.com market, the following is information regarding the XRP exchange rate and other indicators on Bittime.com as of March 13 2024, 16:19 WIB:

Exchange rate:

• XRP Price: IDR 10,904
• 24 Hour Change: -0.41%
• Highest 24 Hour Price: IDR 11,253
• Lowest 24 Hour Price: IDR 10,507

Volume:

• 24 Hour Volume (XRP): 1,441,000
• 24 Hour Volume (BTC): 24h Chapter(IDR)

Other Indicators:

• BB 20 2: 10,488 - 11,797
• 88 20 2: 10,488 - 11,797
• 88 202: 11,797
• RST 14 SMA 14 60.94: 75.00
• MACD 12 26 close 9 13 306 293: 293

Brief Explanation of the Indicator:

• 24 Hour Change: shows the percentage change in the price of XRP in the last 24 hours.
• 24 Hour High and Low Price: shows the highest and lowest price of XRP in the last 24 hours.
• Volume: shows the amount of XRP traded in the last 24 hours.
• BB 20 2: Bollinger Bands, an indicator that shows price volatility.
• 88 20 2: Stochastic indicator, shows whether XRP is overbought (above 80) or oversold (below 20).
• 88 202: Stochastic indicator, shows whether XRP is overbought (above 80) or oversold (below 20).
• RST 14 SMA 14 60.94: Relative Strength Index (RSI), shows whether XRP is overbought (above 70) or oversold (below 30).
• MACD 12 26 close 9 13 306 293: Moving Average Convergence Divergence (MACD), shows price trends and momentum.

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Based on the indicators above

Based on the information above, XRP is currently trading at IDR 10,904 per 1 XRP with a decrease of 0.41% in the last 24 hours.

XRP trading volume in the last 24 hours was 1,441,000. The RSI indicator shows that XRP is overbought, while the MACD shows that XRP is in a bullish trend.

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Conclusion: A Crossroads for Investors

XRP is at a crossroads. Will it overcome current obstacles and enter a new chapter of growth, or will it continue to be overshadowed by legal issues and technical resistance?  

This uncertainty presents a unique opportunity for investors and traders with a high risk tolerance and long-term outlook.  

However, it is important to conduct thorough research and due diligence before making any investment decisions in the volatile cryptocurrency market.

How to Buy XRP (XRP) on Bittime

You can buy and sell XRP (XRP) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

XRP (XRP) is available on Bittime with the market pair XRP/IDR . To be able to buy XRP IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy XRP (XRP) on Bittime . 

Monitor price chart movements of XRP (XRP) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

XRP Breakout: Latest XRP (XRP) Price Analysis and Predictions

Here are Tips for Choosing the Right XRP Wallet

What is Wrapped XRP and How Does It Work?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.