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XRP Price Trend Reversal – XRP Eyeing $2.54 With 160% Upswing in Q4!

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The satoshi street traded in the red over the last 24 hours. The flagship currency, Bitcoin lost 3.52%, while Ethereum and Cardano Price declined by 5.4% and 3%. Meanwhile, the major altcoin followed the top 3 crypto, with a 4-6% loss.

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The XRP price weakness is also in line with the ongoing weak performance of the crypto market. The altcoin is in a tight range as investors reflect on the ongoing sell-off.

XRP Price Analysis 

Indicating mild volatility over the last 24 hours. The Altcoin price traded within $0.9211 – $0.969. Trading volume has declined by 11.95% and hitting $2.7 billion, while the total market cap trades around $43.3 billion, ranking the coin in 6th place overall.

XRP is yet to break out from a bullish pattern. After failing to hold the major crucial level for recovery altcoin entered the consolidation phase. If XRP/USD closes the daily candle above $1.052, we can expect a massive uptrend. 

XRP price analysis

However, despite this rally, the XRP price needs to clear $1.192 and $1.326 levels to reach the higher highs. This move could potentially trigger the buying pressure, starting a buying spree and pushing the remittance token to $1.67. XRP/USD needs to clear the resistance of $1.12 to target $1.8 and $1.58 levels. 

On the flip side, if the XRP price fails to hold above $0.924, the price may drop down to $0.816. If the 100 DMA fails to defend the $0.88 zone, the altcoin could retrace to support levels of $0.78 and $0.54 respectively.

Also Read : Bitcoin Price Could Resume Bull Run Only If It Hits These Levels

Will XRP Price $2.54 in Q4?

The trader known in the industry as Credible tells his 243,400 Twitter followers that the digital currency XRP looks ready to move higher against Bitcoin (XRP/BTC).

The crypto analyst shares the inverse chart of XRP/BTC, which indicates the trading pair is poised to rally to 0.000055 BTC that is $2.54. This move depicts an upside swing of nearly 160% from its current value of 0.000021 BTC ($0.89).

Overall, XRP Price appears to be bullish as a base from which to move higher has been established over the past few days. Thus, we can expect XRP/USD to break higher and finally set a higher high over the next few 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.

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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