Ripple’s native token XRP had a pretty good weekend as the price was able to break the 10-day long accumulation. The asset successfully pierced through the $1.1 levels and yet again consolidating for a while. Despite the narrow trend, yet the XRP price is expected to range high in the coming days.
Currently, the XRP price is retracing from the 24-hour highs around $1.23 and bottomed at $1.12. However, the asset is attempting hard to rebound and has attained levels slightly above $1.15, yet the fear of dump could still hovering. And hence the traders can get the last opportunity to grab the deal at a discounted price.
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As mentioned before, the crucial resistance zone lies between $1.66 to $1.75 and hence surpassing these zones is extremely important for the asset. However, before flying towards these levels, the asset could drop a little to hit the buy zone at $1.1062. And finally piercing all short term targets, at $1,16, $1.22, $1.31, $1.42, 1.53 and finally at $1.7, the price could enter & further break the resistance very soon.
Collectively, the XRP price is all set to undergo a notable jump as the volume is also spiked notably. Also, the positive sentiments flowing through the Ripple vs SEC case may also fuel the XRP rally. Therefore if the price follows the above-mentioned plan, XRP price may hit the yearly highs very soon. And ultimately bang on the current ATH in the next couple of months.
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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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