XRP Price Steals the Show, Up By 450% In A Month: What’s Next?

• The market value of XRP crypto has climbed to 3rd in the cryptocurrency market.
• Ripple crypto price has witnessed a massive bullish trend and advanced by more than 400% in a few weeks.

Ripple (XRP) crypto has climbed to 3rd place from 7th in a few weeks in terms of market value. After a good accumulation phase, the XRP price suddenly spiked in November.

Amid this bull run, the price was nearing the 2018 high, which is also an all-time high (ATH). It halted near the $1.50 mark and triggered a beautiful pullback.

After this pullback, the XRP crypto price witnessed the four strong marubozu candlesticks that have lifted the price by 80%. However, it has experienced a mild fall in a 4-H time frame. Let’s explore further momentum.

Could the XRP Price Hit ATH Soon Amid This Bull Run?

Ripple crypto was trading at $2.64 at press time and has dropped by 2.85% over the past 24 hours. The market capitalization has achieved the $150 Billion milestone. That has lifted its rank to 3rd in the cryptocurrency market.

Its 24-hour trading volume was $44.02 Billion, which has increased by 40%. During the daily time frame, the Ripple price looked strong and had the potential for a massive rally.

Based on the technical chart, the XRP price was nearing the $3 mark. Bullish momentum can be anticipated once the price exceeds and holds over it. If the price is sustained at this mark, buyers could be tempted. This could lead to a new ATH.

Alternatively, selling can be seen if the crypto asset price loses momentum and engulfs previous candlestick. Here, profit booking can be seen, which can further result in a strong bearish trend. Investors might plan to exit once the price loses the $2 mark.

According to the technical indicators, the MACD and the Signal line have entered the 0.300 territory. That showed their strength. The histograms have remained green, demonstrating the bulls’ domination.

Ripple Price Analysis Over 4-H Timeframe

XRP crypto price has been rising by taking a small pullback in a 4-H time frame. It has melted to the 20-day EMA. At press time, it triggered a pullback, and further momentum was expected.

Buyers might continue the trend if the price surpasses the last swing high. Sellers may dominate once the XRP price loses the 20-day EMA, and a bearish momentum can be expected.

XRP Price Prediction Based on Recent Trend

XRP price has shown remarkable strength in the cryptocurrency market. The token achieved a significant price increase of over 400% in just a few weeks. It has ascended to the 3rd rank in market capitalization, now at around $150 Billion.

As the price approaches the critical $3 mark, the potential for a new all-time high could be just around the corner. That’s possible, especially if it maintains momentum and attracts more buyers.

However, caution is warranted, as a loss of support below $2 could trigger profit-taking and a bearish trend. Overall, XRP’s technical indicators point to a bullish outlook. However, the market sentiment and price action will be crucial in determining its next moves.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.