XRP Price Prediction: Why the $2.00 Line Could Decide XRP’s Next 15% Move
XRP price prediction as $1.93 holds key support. Technical signals point to a potential breakout toward $2.15 if bulls reclaim the $2.00...
Quick overview
- XRP is currently priced at $1.93, showing signs of cautious consolidation in a mixed crypto market.
- The market cap of XRP is healthy at $117 billion, with daily turnover around $2 billion, indicating strong interest.
- XRP has stabilized above a crucial support zone between $1.88 and $1.90, but still faces resistance at the 100-EMA near $1.98.
- Momentum indicators suggest a potential shift, with a bullish scenario emerging if XRP can close above $1.98, while a bearish scenario looms if it fails to hold that level.
XRP is hovering around $1.93, a price that feels nervous. While the overall trend is still a bit cautious, the slowing pace of the downtrend and a general improvement in the way the market is put together suggest XRP is getting to the point where it’ll either make a break for it or lose some more ground.
Market Context Keeps Risk Selective
This particular bout of consolidation in XRP is taking place in a market environment where the rest of crypto is looking mixed. Ethereum, the second biggest asset around after Bitcoin, is trading at $2,995 – and with a market cap well up above $361bn – is showing a pretty stable face rather than getting all excited about taking on risk.
That helped some people feel a bit more picky about which assets to invest in – and instead of going for the easy option of joining a bigger market rally, they are looking for assets that are actually showing signs of getting stronger.
That’s been a good thing for XRP so far. The market cap of XRP is a healthy $117bn, and daily turnover has been around $2bn, which is among the highest for any of the big-cap tokens. Technical levels are actually starting to carry more weight.
Descending Trendline Still Defines XRP
Technically, XRP/USD has actually been stuck within a particular descending trendline on the four-hour chart for most of December. Every time the price has tried to bounce off this line, it has stalled at lower highs, reinforcing the overall trend.
But now that the price has stabilised above that crucial support zone between $1.88 and $1.90 – an area that has been a magnet for buyers – the short-term momentum is not looking too bad anymore.
Overhead, though, still has to be that 100-EMA near $1.98, which is still king, and XRP will need to get above that if it’s going to actually start getting the bulls back on the front foot.
Price Action Signals Absorption
In terms of candlestick action, we’ve actually seen a bit of a dramatic, sharp sell-off down into that $1.81-$1.85 region – and what’s interesting is that long lower wicks were left in place following that sell-off – followed by a sequence of higher lows. This is a good sign that buyers were able to absorb all the selling pressure and that it wasn’t just a forced liquidation.
More recently, though, the candles themselves have been getting smaller, a common feature of markets as they shift from a trending move into consolidation or even a basing phase.
XRP Price Prediction: Break or Rotate
Momentum indicators have also been noting the stabilising price action in XRP. RSI has actually bounced up towards 55, but crucially has stayed above 50, and what’s also important is that we are seeing higher lows compared to the previous trough in the price. This is a good sign that the downward momentum in XRP is starting to fade.
And indeed, using Trading View’s path projection, we can actually see two possible scenarios coming through:
Bullish Case: A sustained close above $1.98-$2.00 would actually break the descending trendline – and that would open up a whole new level of possibilities for Xrp to $2.05 and then $2.15.
Bearish Case: But if XRP fails to break and hold above that 100-EMA, it’s back to a retest of $1.85, and maybe even down towards $1.77 if the support fails.
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