Ripple, one of the most popular cryptocurrencies today, has slowly climbed to the top. This token was beaten by various changes during the bull market, and its pace of price has been described as slow and gentle. Ripple’s XRP, however, was anticipated to be given a major boost following the Bitcoin Halving, an event that was concluded recently amid much fanfare.
Please Read This: XRP Price Prediction For This Weekend As Bitcoin Halving Nears
Will Ripple surpass its critical resistance level of $0.60?
Ripple has seen a steady price increase during this bull market cycle. Crypto has not been able to reach major price milestones which have caused skepticism in its community. XRP has been gaining a lot of momentum in the crypto market, but many analysts have argued that it is still unsure what its true value will be.
Ripple XRP will likely rise to a new ATH after the halving event. The price of Ripple XRP is expected to rise above its critical barriers and reach a new ATH. CoinCodex XRP is going to be facing critical pressures and resistances at $0.53 or $0.54.
“Based on today’s classical pivot point (P1) with the value of $0.526520, Ripple has support levels of $0.517516, $0.510627, and the strongest at $0.501622. Similarly, Ripple resistance levels are at $0.533410, $0.542414, and $0.549303.”
After the token has passed its crucial price barriers it could gain more support, and even reach a new ATH. According to the platform, XRP is predicted to reach a price of $0.66 by April 27. It will then fall to $0.61 before trading back at $0.61 by May 22.
By April 27th 2024, the price of XRP is expected to rise by 26.49 percent and hit $0.668585.
Please Read This: Ripple: XRP Price Post-Bitcoin Halving
CoinCodex has predicted that XRP will surge by 13% in May. This is expected to happen at least on May 18th.
“The price of Ripple may rise by 17.27% and reach $0.619848 by May 22, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 73 (greed). Ripple recorded 15/30 (50%) green days with 8.93% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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Source: watcher.guru