The best Ripple price predictions to watch

TL;DR

Ripple’s XRP defied negative market conditions, rising 1% in the last 24 hours and 3% for the week, outperforming BTC, ETH and BNB. Analysts see potential for a significant bull run for XRP, with some predicting prices between $0.75 and $20, supported by technical patterns and historical market performance. The best performer

Ripple’s XRP has defied the negative market conditions in the past 24 hours, with its price registering only a 1% increase and crossing the $0.50 mark. It has also risen 3% on a weekly basis, outperforming Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB), which were down about 3% over the same time period.

XRP Price, Source: CoinGecko

Several analysts highlighted the slight resurgence, saying it could be the start of an exponential bull run. User X World of Charts noted a “breaking down wedge with strong volume”, expecting a possible move towards $0.75 in the coming days.

This technical pattern consists of two converging descending trend lines. It usually occurs after a prolonged downtrend, indicating a potential exhaustion of selling pressure.

Dark Defender and JAVON MARKS were much more bullish. The former believes XRP could explode to $18 if it repeats its performance from years ago, while the latter predicts a rise above $20.

“Prices are currently holding their coil pattern and are giving almost all the bullish signals in this pattern to anticipate a massive bullish breakout while they are at support,” stated JAVON MARKS.

Crypto Tony also participated, promising to enter the ecosystem as an investor if the price of XRP rises above $0.56.

Previous predictions

Last week, user X EGRAG CRYPTO touched on the Relative Strength Index (RSI), which hit lows over the past few days, to suggest that XRP could be preparing for an upswing.

The technical analysis tool ranges from 0 to 100, with a ratio above 70 indicating a price correction. The RSI currently stands at 57, rising above the aforementioned level only twice this month (so far).

Matthew Dixon also gave his two cents, predicting a drop in prices in the event of rising US inflation. However, the US Bureau of Labor Statistics released its latest report on June 12, showing that the rate was lower than expected for May. XRP rose to nearly $0.50, but fell in the following days after the Federal Reserve kept interest rates unchanged.

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