XRP Price Prediction: Will the Surge Continue After Hitting 24.78% Growth?
The post XRP Price Prediction: Will the Surge Continue After Hitting 24.78% Growth? appeared first on Coinpedia Fintech News
In the last seven days, the XRP market has reported an impressive growth of 24.2%. On November 10, the market entered the overbought zone. Since then, it has grown by at least 24.78%. Currently, the RSI index of the XRP market stands at 79.76, indicating that the market still remains in the overbought territory. A recent post by a crypto specialist, identified on X as Dark Defender, provides insights into the future movement of the market. Curious to know more? Read on!
XRP’s Price Movement and Recent SurgeThe crypto specialist notes that the XRP market recently surpassed a key level of $0.6649. He states that the market is currently trending towards the next key level of $0.74.
At the start of this year, the price of XRP was around $0.62. On January 31, it dropped to a low of $0.50. In mid-March, it touched a peak of $0.74. Later, the market entered a consolidation phase, hovering between $0.66 and $0.38. On November 12, the market broke above the range. Now, the XRP price sits at $0.69.
Key Price Levels to Monitor
Emphasising the historical importance of the crucial level of $0.6649, the crypto specialist points out that this level has been very important for the price action of XRP over the past two years. He predicts that if the market maintains its hold above this level it could move ever higher.
Hi all, $XRP reached the overbought area by surpassing $0.6649 and then moving towards $0.74.
Then, as expected, it went below $0.66; however, he managed to close above here. This is one of the critical areas we have discussed for around two years.
Do not underestimate it.… pic.twitter.com/nw1aeyxsNT
Dark Defender forecasts that if the market holds steady above the level of $0.6640, it could eventually reach a key range of $1.03 in the future. The cryptocurrency specialist refers to the level of $1.03 as a mid-level target.
Notably, the specialist emphasises that both the weekly and monthly charts of XRP suggest strong bullish momentum.
In conclusion, with strong bullish indicators and key levels in focus, XRP’s price movement looks promising, especially if it holds the critical support levels.