Price Analysis

XRP Price Wakes Up, Yet The Crucial Zones Are Yet To Be Tested Before Smashing $1.5

Author: Sahana Vibhute

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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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Highlights
  • XRP price after a huge consolidation has risen up above the barriers manifesting the strength to hit zones above $1.5

  • The anticipation of the asset relisting on Coinbase is one of the main reasons behind the notable surge in the early trading hours.

As Bitcoin price is dipping profusely, the altcoins are gearing up to showcase one of the biggest Altseasons ever. Ethereum price striking new highs, Solana with a massive leg up flipped Cardano to enter top 5. Amid the bullish scenario, XRP price also ranged high above $1.2 intending to hit $1.8 levels soon. 

Will XRP Be Listed On Coinbase?

While the digital asset is attempting hard to make a substantial comeback, yet again the listing of XRP on Coibase is reignited. The asset made a huge move from $1.14 to $1.22 in just a couple of minutes. And despite a slight pullback, yet the price is sustaining above $1.19, aiming to regain the lost levels.

Amid the slight raise in the XRP price, one of the popular analysts speculated the return of XRP trade on Coinbase. He also expects that the price may get enough boost as the lawsuit is about to go in favour of Ripple. 

The CEO of Coinbase, Brian Armstrong, after extending his support to Ripple in the SEC case. With this, the rumour of the asset listing on the most popular exchange Coinbase is outspreading within the XRP Army. However, there is no official confirmation yet from the exchange, yet the crypto folks believe the end for the lawsuit and beginning for relisting is very near. 

XRP Price Analysis

October was pretty bullish considering most of the altcoins within the crypto space. While other crypto assets made a huge move, a few assets like XRP, ADA, etc remained silent. The narrow trend is however costing both the assets as Solana has already surpassed both to enter the top 5. Yet, the fresh surge in XRP price has kept the hopes of a healthy rebound alive. 

ripplepc
Source: Tradingview

XRP price initiated with an uptrend since the beginning of October 2021, yet failed to hit $1.2 levels. Moreover, a pullback dragged the price below $1 for some time, however, it quickly regained above $1. Also, the support levels also were pretty elevated and hence the asset slowly reached the peak of the symmetrical triangle. 

The asset at the press time has broken the symmetrical triangle in order to rise high. XRP needs to stand strong above $1.2 in order to hit the immediate resistance levels at $1.4. However, $1.6 remains the critical level in order to retest the yearly highs above $2. 

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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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