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XRP price rises by over 20%: Bullish trend for Ripple price?
Learn more about the current Ripple (XRP) price and its uptrend. Despite the bullish or bearish trend, XRP price has held a strong support line and could soon reach a dollar milestone. Get all the information about XRP and find out if it is a good time to invest.
XRP price rises by over 20%: Bullish trend for Ripple price?
The Ripple (XRP) price could soon reach the one dollar mark after maintaining a steep ascending trend line. The price has risen by more than 20% and could soon cross the $0.8 mark. This optimistic development is driven by the rise of memecoins and leaves open the question of whether the XRPArmy is too late or whether market participants have focused on top altcoins like XRP. Technical indicators suggest that the price could continue to rise and potentially reach the 2021 highs around $1.98. The weekly RSI also suggests bullish signals. However, before setting new highs, the price could remain consolidated for now and then see a bullish breakout above $1. This would help overcome the bearish tendencies and bring the price close to its previous all-time high.
| factor | Data |
|---|---|
| Price (current) | $0.8 |
| Highest price 2021 | $1.98 |
| Percentage price increase since March 2020 | Over 1,000% |
| Percentage loss during bear market | Over 80% |
| Current weekly RSI value | Bullish |
| Forecast for interim resistance | $0.77 |
| Forecast for next resistance | $0.85 |
| All-time high forecast | $1 or higher |
It is important to note that this is not investment advice and investors should conduct their own due diligence before investing in cryptocurrencies. The market outlook can change quickly and there is always a risk of losses. Readers should be aware that the article may contain affiliate links.