XRP Price Predictions
According to the opinions of 3 experts, the average 12-month price prediction for XRP is $0.5, with a low target of $0.37 and a high target of $1. On average, the experts at Crypto Telegraf rate XRP as a Buy.
(Updated on June 21, 2023)
Statistical Data
| Buy | Hold | Sell |
|---|---|---|
| 3 experts | 0 experts | 0 experts |
Detailed List of Analyst Forecasts
Viewpoint
#XRP weekly chart about to explode. You had 13 months to buy below $0.50.Analysis
This statement is discussing the weekly chart of XRP, a cryptocurrency, and suggests that it is about to experience a significant increase in value. The author notes that there was a 13-month period during which investors could have purchased XRP for less than $0.50 per unit. The summary for investors is that XRP may be a good investment opportunity, as its value is expected to increase.- Rating:Buy
- Author:CryptoBull
- Source:Twitter
Viewpoint
Request 02 – $XRP Showing strength and that’s usually a signal for #altcoins to show strength as well. Now, stuck in a range. Primarily focused for entries at $0.455-0.48. If we break and flip $0.53, I think we’ll see the next impulse move.Analysis
The author notes that XRP is currently showing strength, which is often a positive sign for other alternative cryptocurrencies. However, XRP is currently stuck in a range and the author suggests looking for entry points at $0.455-0.48. The author also believes that if XRP is able to break and surpass $0.53, it will likely experience a significant upward movement.- Rating:Buy
- Author:Michaël van de Poppe
- Source:Twitter
Technical Analysis
Moving Average (MA)
Relative Strength Index (RSI)
4 Hours
XRP is currently bearish on the four-hour time frame with a downward sloping 50 day moving average. However, the 200 day moving average has been sloping up since 2023/6/17, indicating a strong bullish trend.1 Day
The 1 day time frame for XRP is currently showing a bullish trend with the 50 day and 200 day moving averages sloping up. The 50 day moving average could act as a support for the next interaction with XRP's price, while the 200 day moving average has been sloping up since 2023/5/23, indicating a strong trend. If the price interacts with the 200 day moving average again, it could potentially be used as a support to continue the trend. However, if we were to give a price prediction for XRP on the 1 day time frame, it would be bearish due to the bullish nature of the moving averages.Cast Your Vote
People Also Ask
Yes, it will. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind the XRP cryptocurrency. According to the SEC, Ripple sold unregistered securities and illegally raised $1.8 billion through the sale of XRP tokens. The Ripple/SEC lawsuit has become one of the most significant conflicts between a cryptocurrency company and a regulatory agency. After more than a year of court hearings and motions, the case seems to have reached a critical juncture and will likely affect the price of XRP.
According to the analysis by Crypto telegraf’s researchers, it is possible for XRP to reach $1. Compared to its all-time high price, the current price is still relatively low.
Yes, XRP has been in circulation for over 10 years and is currently trading at a low price.