Price Analysis

Heavy Pump For XRP Incoming, Price Could Reach As High As $3, But When?

Written by: Sahana Vibhute

Written by right arrow

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.

  • author facebook
  • author twitter
  • linkedin

Dec 10, 2021

news-image
Highlights

    XRP price experienced a notable plunge ever since the market fell into a bearish trap

    The asset is expected to get a huge influx of liquidity very soon which could propel the price more than 2x

    The technicals suggest the bearish trend is on the verge to flip as the buying pressure could mount in the next couple of hours

The XRP price which is expected to be away from the upcoming bull run may not be much distinct from the uptrend. The current trend suggests the price is undergoing a healthy accumulation and hence a flip may be fast approaching. However, much before validating with the uptrend, the asset needs to slice through certain mandatory levels which are just above the current levels. 

Advertisement

Bitcoin bears have been proactive all through the past week and hence extracting profits every now and then. And hence keeping the entire market destabilized including the XRP price rally.

Will XRP Price upswing 2x?

The XRP price is attempted multiple times to surpass the resistance zone just above $0.87 but woefully failed. However, one of the popular analysts believes the XRP price could regain bullish momentum and surge to hit $3.

  • The asset flipped hitting the support levels which resides over the uptrend line at $0.78 and testing one of the crucial levels at $0.83
  • The XRP price needs to surge high and hit the resistance levels around $1.17 and this is when the platform will receive extensive liquidity resulting in a massive pump
  • Following a notable surge, the next levels to reach would be around the yearly highs and hence the resistance levels at $2 need to be cleared
  • Once these levels are broken, the analyst believes the XRP price could go 2x from here to hit the milestone at $3
  • The technicals like RSI & MACD also display a notable uptrend awaiting ahead for the XRP price

Collectively, XRP price after quite a long time has exhibited a huge bullish momentum. And hence in the upcoming days, the asset may initially regain its value above $1.5. However, the first anniversary of the Ripple vs SEC lawsuit is approaching fast, some positive advancements may uplift the XRP price above the required levels. 

Show More

Was this writing helpful? myImage dislikeimage

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.

Related Articles

Back to top button