Bittime – The crypto is having fun! After several leading digital assets such as Bitcoin (BTC) reached new record highs,Ripple (XRP)finally showed its strength.
The price of XRP jumped 13% in the past week, now hovering around $0.70 (CoinGecko data). This increase sparked speculation regarding the potential for a more significant increase in XRP prices in the future.
Analysts are optimistic that the recent price increase could be the start of a massive bull run for XRP, even having the opportunity to reach a new record high (ATH) .
XRP Price Peak and Bitcoin Halving
Technical analyst LEB CRYPTO is among those who support this view. He estimates that the XRP price peak will occur before or shortly after the Bitcoin halving event scheduled for the end of next month.
"This scenario is consistent with a Bitcoin price spike above $100,000 ahead of the halving, then followed by a temporary decline and new record highs in this bull run cycle. Altcoins such as XRP and XLM have the potential to shine for several weeks afterward," said LEB CRYPTO.
Bill Morgan, a pro-Ripple lawyer, gave a partial view of the prediction. He estimates that XRP prices could surge to around $2 in April or May, but not yet strong enough to hit a new ATH.
Apart from the Bitcoin halving, another factor influencing the potential increase in XRP prices is the ongoing legal case between Ripple and the United States SEC (Securities and Exchange Commission), with a hearing scheduled for April 23.
Many people believe that Ripple's victory in this case will have a positive impact on the entire crypto market.
On the other hand, Ripple's defeat has the potential to trigger strict regulations that could hinder the development of the crypto industry.
Fortunately, Ripple appears to be in an advantageous position after successfully winning three (partially) important court rulings last year.
With various supporting factors, XRP has the potential to experience a significant bull run. However, we need to pay close attention to developments in the situation, including the results of the Ripple vs. Ripple trial. SEC, to get a clearer picture of XRP's future.
Check Today's Crypto Market:
XRP Price Today
Source: Bittime
As noted in the chart from Bittime above, XRP experienced a price decline of -2.69% with the current price being 0.6787 USDT. This price is actually not too different from the highest price in the last 24 hours which was 0.7006 USDT.
The graph above was taken using 3 indicators, namely RSI, MACD, and Bolinger Bands, whose graphic analysis you can read above.
You can carry out further monitoring in real time on Bittime regarding the most updated XRP prices .
Also Read: Bitcoin Price Prediction: Towards a New Target or Liquidity Crisis?
Ripple (XRP) Price Prediction 2024-2025: Bullish, Bearish and Neutral
Here is the Ripple (XRP) price prediction for 2024-2025, considering various factors:
1. Bullish Forecast
Fundamental Analysis:
- Ripple's fast, cheap and scalable payment solution can attract many new users.
- Increased adoption of XRP by institutions and large companies.
- Ripple's success in the SEC legal case could provide significant positive sentiment.
- Launch of new products and features by Ripple.
Technical Analysis:
- XRP managed to break the resistance at $0.40, opening the door for further price increases.
- Technical indicators show bullish signals, such as RSI and MACD moving upwards.
Price Prediction:
- XRP has the potential to reach $0.80 - $1.00 by the end of 2024 and $1.50 - $2.00 by the end of 2025.
2. Bearish Forecast
Fundamental Analysis:
- Uncertainty of crypto regulations in various countries.
- Stiff competition from stablecoins and other payment solutions.
- Ripple's defeat in the SEC legal case could provide significant negative sentiment.
- Lack of innovation and development from Ripple.
Technical Analysis:
- XRP failed to break the resistance at $0.40 and experienced a retracement.
- Technical indicators show bearish signals, such as the Stochastic RSI which is in the overbought zone.
Price Prediction:
- XRP has the potential to fall to $0.25 - $0.30 by the end of 2024 and $0.20 - $0.25 by the end of 2025.
Also Read How to Buy Crypto:
3. Neutral Forecast
Fundamental Analysis:
- Bullish and bearish factors are balanced, with Ripple's development balanced by regulation and market competition.
- Adoption of XRP by institutions and large companies remains stable.
- Ripple continues to develop new products and features, but there are no major breakthroughs.
Technical Analysis:
- XRP is moving sideways in the range of $0.30 - $0.50.
- Technical indicators show neutral signals.
Price Prediction:
- XRP has the potential to move in the range of $0.30 - $0.50 by the end of 2024 and $0.35 - $0.60 by the end of 2025.
It is important to remember that crypto price predictions are not always accurate and can change at any time. Unexpected factors can influence XRP price movements.
How to Buy Ripple (XRP) on Bittime
You can buy and sell Ripple (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.
Ripple (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 Ripple (XRP) on Bittime .
Monitor price chart movements for 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:
Ripple Coin (XRP): An Update 2024
Ripple (XRP), Global Payment Solution in Cryptocurrency
Ripple (XRP) Trading Volume Increases Towards Mid-March
DISCLAIMER : This article is informational in nature and is not an offer or solicitation 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.
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