Price Analysis

XRP Price Flips the Bears, Will it Go 10x To Range Above $1?

Written by: Sahana Vibhute

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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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Dec 18, 2021

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The Ripple price appears to have to build a huge bullish momentum as it yet again flipped the crucial support levels once again. The retail traders appear to have to uplift the price after dragging it below $0.8. The trading volume has also raising up from its lower levels throughout the week. If the current bullish momentum continues, then XRP price may range above $1 during the upcoming weekend, however, sustaining above these levels appear to be pretty tough. 

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XRP Price Analysis

Ripple price is still ranging between $0.79 to $0.85, while the traders took the opportunity as the Relative Strength Index(RSI) is ticking up. The buying volume is also slowly outperforming the selling and hence the price is expected to keep up the upward trajectory. Yet in the short term, $1 target appears achievable and upon this, a sell trigger could be ignited for some time, dragging the price yet again below $1. 

  • The XRP price had broken the uptrend line at the beginning of the present trading month and hence the asset fell into a deep bearish trap.
  • The asset refusing to go plunge below the strong support levels around $0.8 and consolidating at these levels indicate the building bullish momentum
  • After a decent accumulation, the asset could eventually flip and reach out at the initial resistance levels around $0.87
  • If in case, the asset sustains at these levels, then it may surge further to test the next resistance levels which are mandatory to clear in order to certify the bull run ahead.

Collectively, Ripple’s XRP price could regain the lost positions if maintains the current strength and pace. Currently, buyers appear to maintain an upper hand, and sellers are expected to remain aloof for some more time. And hence the upcoming weekend could be pretty much bullish with higer levels to reach out.

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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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