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XRP Confidently Heading Towards the Target Set at $1, Will It Happen This Week?


    XRP on the verge of a ‘V-Shaped’ recovery to regain the lost position above $0.35

    The price is expected to surge above $0.4 levels after experiencing a plunge close to $0.3 from $0.32 levels initially

Will XRP Price Touch $1 in the coming days?

Ripple’s XRP price has experienced a heavy plunge in the last couple of hours which dragged the price more than 31%. The price is, however, recovered more than 15 percent to touch the current levels around $0.28.


Interestingly, the XRP price managed to touch above $0.37, witnessed a dip and trended in a narrow margin before a huge decline in the price. Currently, the price  is on the verge to form a ‘V-Shaped’ recovery as mentioned by one of the analysts, Crypto Bull.

As per the analysts, with the V-shape recovery, the XRP price is expected to surge to new highs very soon. According to some other analysts, XRP price is expected to touch $0.5 in the coming couple of days. However, the price may even rally further to touch $1 with a positive trend in the crypto space.

XRP Price Analysis

XRP price chart

The XRP price has been rejected multiple times at $0.35, $0.36, $0.37 and the most recent close to $0.30. Woefully, the XRP price is currently dipping and might even fail to sustain the levels at $0.28 to visit the support levels at $0.24.

The constant pump and dump in the XRP price led to the formation of a double-top pattern in the chart. Usually, a double-top pattern is an indication of a possible breakout in the very near future that may carry the price above $0.35 initially.

XRP price in just a couple of days rallied yet again above $0.35 levels to touch $0.36914 within hours of a plunge. However, the price further witnessed a slash which dragged the price nearly 31.82 percent . Further, the price also surged to some extent and gained nearly 20 percent but woefully dumped again.

At the press time, the XRP price is $0.28631 with a decline of 11.5 percent in the last 24-hours. According to an analyst, Avidkhan5426, the price may further rally above the $0.4 levels in the coming couple of days.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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