Convergence

Divergence

XRP price prediction: XRP has observed a notable decrease in its price movement, descending beneath the critical $0.6 threshold amid a prevailing bearish sentiment. The <a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a> is trading at $0.5867, reflecting a 2.36% decline over the last day. Despite a slight market adjustment, investor sentiment towards XRP continues to be guarded.
The valuation of the digital asset now approximates $32 billion, affirming its rank as the 7th largest cryptocurrency, according to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a> data. A significant surge in trading volume has been noted, with a more than 37% increase in the last 24 hours, totaling $2.18 billion. This surge underscores a heightened investor interest in XRP.
<h2 id="strong-xrp-price-prediction-exploring-recent-decline-and-market-sentiment-strong">XRP Price Prediction: Exploring Recent Decline and Market Sentiment</h2>
Recently, XRP experienced a surge in its price trajectory, overcoming prior resistance levels with significant momentum over recent months. Yet, the altcoin has seen a downturn in the last day, following a period of considerable gains, fueling speculation about its future direction.
In the last month, XRP’s price has witnessed a 7.52% decrease and an 8% fall over the past week, indicating a bearish market trend. Amidst generally pessimistic market sentiment, XRP’s price has oscillated mainly between $0.63 and $0.58 over the preceding week. The ongoing struggle between bearish and bullish forces, with bears momentarily gaining the upper hand, signifies market volatility.
<figure id="attachment_189333" aria-describedby="caption-attachment-189333" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-189333" src="https://coingape.com/wp-content/uploads/2024/04/XRP-P-e1712079209661.png" alt="XRP Price Prediction: Why $1 Holds Imminent By End Of April?" width="1200" height="691">
 <figcaption id="caption-attachment-189333" class="wp-caption-text">
 XRP Price Prediction
 </figcaption>
</figure>
The broader cryptocurrency market, including major currencies like <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, Ethereum, and BNB, has experienced notable price declines. Bitcoin dropped by around 4%, Ethereum fell by 6%, and BNB saw a 3% reduction. This general downturn has adversely affected XRP, reflecting similar percentage declines.
The impending pre-trial conference between <a href="https://coingape.com/xrp-lawyer-backs-judge-torres-deeming-ex-sec-official-statement-incorrect/" rel="noopener noreferrer nofollow">Ripple</a> and the SEC in April could significantly influence future cryptocurrency regulation. The SEC is pursuing a substantial fine against Ripple Labs for the alleged sale of unregistered securities. Both parties have engaged in settlement discussions and have requested extensions for their deadlines.
<h2 id="strong-xrp-s-technical-indicators-and-market-predictions-strong">XRP’s Technical Indicators and Market Predictions</h2>
XRP has shown notable resilience, consistently remaining above the pivotal $0.58 mark. If a positive trend re-emerges, <a href="https://coingape.com/markets/xrp-price-analysis-is-1-on-the-horizon-amid-bullish-momentum" rel="noopener noreferrer nofollow">XRP</a> could potentially surpass the previous resistance level of $0.65. With an increase in bullish momentum, it could breach the $0.9 barrier, reaching $1 in a short period.
On the downside, If the market persists in its downturn, <a href="https://coingape.com/markets/will-xrp-price-lose-0-6-support-amid-market-correction/" rel="noopener noreferrer nofollow">XRP price</a> could slide below $0.57, possibly moving toward the $0.55 support zone. A further decrease to $0.50 could also occur if the bearish trend continues.
<figure id="attachment_189332" aria-describedby="caption-attachment-189332" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-189332" src="https://coingape.com/wp-content/uploads/2024/04/XRPUSD_2024-04-02_19-58-26.png" alt="XRP Price Prediction: Why $1 Holds Imminent By End Of April?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/04/XRPUSD_2024-04-02_19-58-26.png 1154w, https://coingape.com/wp-content/uploads/2024/04/XRPUSD_2024-04-02_19-58-26-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/04/XRPUSD_2024-04-02_19-58-26-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/04/XRPUSD_2024-04-02_19-58-26-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-189332" class="wp-caption-text">
 XRP Price Prediction| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/SKZoYI8E/">Tradingview</a>
 </figcaption>
</figure>
Technical indicators for XRP suggest considerable variability in recent trading sessions. The Relative Strength Index (RSI), at 43.81, positions XRP in a neutral territory, indicating it is neither oversold nor overbought.&nbsp;
The Moving Average Convergence Divergence (MACD) hovers around the baseline, with the signal line marginally above the MACD line, suggesting potential movement in either direction shortly.
The post <a href="https://coingape.com/markets/xrp-price-prediction-why-1-holds-imminent-by-end-of-april/" rel="noopener noreferrer nofollow">XRP Price Prediction: Why $1 Holds Imminent By End Of April?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

XRP Price Prediction: Why $1 Holds Imminent By End Of April?

목차

Coingape News Media

2024년 4월 2일에 게재된 다른 기사

Most Trending Cryptocurrencies on Polygon – AETHER Games, Aavegotchi FUD, Metavault Trade

Historic $2 Billion Bitcoin Moved by US Government to Coinbase

5 Best Cheap Crypto to Buy Now Under 1 Dollar April 1

IPO Alert: Thailand’s Crypto Behemoth Bitkub Sets Sights On 2025 Listing

Burn & Mint Smart Contract

Toncoin and Arweave Holders Count on Bullish Move While $RECQ Presale Poses Better Returns

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!