The price of XRP has soared by up to 50% this month alone. As a result, the altcoin successfully returned to the $3 level for the first time in seven years. Despite the recent complaint by the SEC, the Ripple token maintains its bullish behavior, highlighting the strong fundamentals of altcoins in the market.
Additionally, the No. 3 cryptocurrency by market capitalization soared more than 240% in 90 days. Given the current market sentiment, investors are interested in questions such as “How high will the price of XRP go?” We at CoinPedia have revealed the mysterious short-term potential of the Ripple (XRP) token.
Ripple token hits the highest price in 7 years!
XRP price increased by 12.38% in 24 hours, with a trading volume of $26.781 billion, a change of +40.42%. Furthermore, this altcoin has soared by 43.89% in the past week. This highlights the significant increase in buying pressure on altcoins.
TradingView: XRP/USDT
Furthermore, the altcoin has surged 27.15% in the past 30 days. With a market capitalization of $191.235 billion, Ripple token has achieved the 3rd place in the global cryptocurrency market.
Technical impressions of XRP
The Relative Strength Index (RSI) has broken out of the overbought range on the daily time frame and its average trend line is supporting the price chart. This suggests that there is increasing buying and selling pressure on altcoins in the cryptocurrency space.
Additionally, the SMA indicator shows a bullish curve on the Ripple price chart. This highlights the positive outlook for Ripple’s XRP token going forward.
Will Ripple price reach $4 this week?
If the bullish trend continues, Ripple price will retest the $3.5 level. If the upward trend continues, Ripple price could hit a new all-time high by the end of this week.
Conversely, if a bearish reversal occurs, the XRP coin price will retest the $3 support trend line. Moreover, if the bears gain control of the crypto market, the price of XRP Coil will plummet towards a low of $2.50.
Wondering if the XRP cryptocurrency will reach a new ATH this week? Read CoinPedia’s XRP price prediction to uncover the long-term mystery!
FAQ
Will XRP reach $1000?
Top crypto analysts believe that Ripple will reach the $1,000 level in the future.
Why is XRP rising today?
Ripple price rose 12.38% in 24 hours, with a trading volume of $26.781 billion.
How much will 1 Ripple be worth in 2030?
Increased adoption and rising bullish sentiment could push this altcoin to a peak trading price of $15.65.
