At the time of writing, XRP is being traded at the rate of $0.8301 with an increase of almost 2.54% within the last 24 hours.
The low within this tenure was around $0.7798 and the high was approximately $0.8401. The coin as being in the watchlist of many traders makes it rank all the way up to number 8th according to the latest data released by coin market cap.
XRP made its all-time high in the month of April 2021 where it reached an enormous amount of $1.9669. At the moment it has a daily volume of $3,013,238,251 with an increase of only 6.52% within the last 24 hours. The circulating supply of XRP is now around 47.25B and the maximum supply is 100B. XRP has a dominance of 1.74%.
The top exchanges for trading XRP are currently FTX, Binance, ByBit, KuCoin.
Technical Analysis – Ripple
Ripple (XRP) has been on the downtrend for a lot of time During the past two weeks the price had been dropping down continuing to make lower lows and highs. The price of the coin had been following a trend line and had broken the structure in its wake.
Now the price had broken structure and is on the fall. During this BOS, the price went down and left an order block. This order block has remained unmitigated to date. The price dropped down and grabbed liquidity and went back to close up again.
Now we can expect the price to drop down and mitigate the middle of the wick that happened before. From there we can look for additional confluences to look for the possible movements of the coin. Now apparently there isn’t any reason for the price to a dropdown. So we can expect the price of XRP to go up and mitigate the order block that is present above.
Price Prediction – Ripple (XRP)
Even though XRP has been one of the fast gainers and has been able to break out successfully. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in August and has completely retraced back. According to the wallet investor, XRP is a good investment. The price of XRP is to reach a value of $1.454 in a year. In five years, the price expected to reach around $3.917.
