Ripple (XRP) Shows Itself As Crypto Powerhouse; Will Price Reach $1?
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1038" height="584" />)
XRP price shows the market how to run the show as the price remains bullish with good volume and strength.
XRP trades above support as the price aims to continue its trend movement as the price keeps holding above 8 and 20-day EMA.
The price of XRP eyes a rally to $1 as key resistance was flipped into support with more buy orders.
The price of Ripple (XRP) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the price of Ripple (XRP) was not left out as the price broke out of its long-range with price trending to a higher height with eyes set for a possible $1 target. (Data from Binance)
The crypto market received relief, as most crypto altcoins expected. However, despite the recent price surge in most crypto assets, some altcoins have remained range-bound.
One project that has kept its price moving up on steady over the past few days has been XRP. After the announcement of the court order ruling in favor of Ripple (XRP) winning, the case has been received very well by XRP, a price trend week in and week out as price eyes $1.
The price of XRP saw its price rejected to a weekly low of $0.3 with the court order coming at the right time; the price rose from that low to a height of $0.53, creating a more bullish scenario. If XRP maintains its bullish structure with a strong volume, we could see a price rally to $1.
Weekly resistance for the price of XRP – $0.6-$0.8.
Weekly support for the price of XRP – $0.3.
Source:
1 comment