XRP @ $0.452 A Buying Opportunity?
Ripple XRP Crypto Price Forecast – 7% Near Term Pullback to $0.452 A Buying Opportunity? - PLEASE GIVE ME A LIKE TO UP MY REP!
3 October 2022
XRP Price Levels
XRP (Ripple) is now in the process of price consolidation following the late September pump which soared the price of XRP up to $0.55. After a short-term 25% pull back down to $0.41, XRP is now trading at a healthier looking $0.45.
It is now imperative that XRP can hold the $0.41 support level to avoid further negative price action.
Will XRP (Ripple) pump again soon? XRP is available on eToro.
Cryptoassets are a highly volatile unregulated investment product.
XRP (Ripple) Crypto Price Prediction October
Over the last two weeks the price of XRP (Ripple) has exploded over 73% bringing a lot of attention towards the XRP ecosystem. Following the euphoric rush there has been a slight retracement, which is normal following large moves.
XRP is currently forming a consolidation pattern known as a symmetrical triangle which could result in bullish continuation to the upside if the resistance trendline is broken through.
XRP Symmetrical Triangle Pattern
XRP/USDT – 4 Hour Time Frame.
If XRP can gain enough bullish momentum to retest the resistance trendline of the symmetrical triangle ($0.489) there is a good chance we could see another swing high printed to the $0.512 resistance level.
This pump would potentially return roughly 12.19%. The technical target following this move would be a retest of the previous swing high at $0.559, this is where a rejection took place as the bears took back control.
Whilst there is certainly a good chance that we might see XRP (Ripple) continue to pump, the bearish scenario could always take place instead.
Should XRP tumble back down to the support trendline ($0.442) of the symmetrical triangle there is a good chance we would see a swing-low down to $0.418 and then consequently $0.393.
October is usually a very bullish month for the crypto markets in general. Once XRP gathers more bullish momentum we might see a retest of $0.51.
The real challenge for XRP is breaking out to the upside of the macro-down trend that we are currently seeing across the blockchain markets.
Time and time again, XRP continues to print a lower-high, which is quite bearish from a technical analysis point of view.
XRP Crypto Downtrend
XRP/USDT – Weekly Time Frame.
$0.51 proves to be a strong level of resistance. The yellow resistance trendline above is also a vital area. If XRP does go parabolic at some point in 2022, we could expect a retest of this resistance trendline which would bring the price of XRP anywhere between $0.63-0.74.
Upon zooming out on the price charts, XRP does seem like it is rather undervalued, not only is it being suppressed by the SEC but the crypto winter too making it difficult to see long-term bulls runs or uptrends for many bluechip cryptos and Bitcoin.
In 2018 the market capital for XRP was an incredible $130 billion, this is quite a realistic market capital to recover towards by the next crypto bull run.
XRP (Ripple) Video Analysis
According to Coinmarketcap, XRP (Ripple) is ranked #6 versus other cryptocurrencies and is trading at $0.458 with a market capital of $22.8 billion. Whilst XRP might not have the potential to offer 100x anymore, holders may be able to book in a 5-10x by 2024-2025 following the next Bitcoin halvening.
Alternative Crypto to XRP (Ripple)
Crypto winters (or bear markets) are great for prospecting and researching the next potential 10x coin. Over the last few weeks we have recently analyzed Tamadoge which offered investors over 800% returns from the Beta sale price.
Following this, Tamadoge went to public sale and has already been listed multiple CEXs/DEXs in the last week rising from $0.01 up to $0.092.
The next hot crypto which is now in presale is known as IMPT Token and could replicate similar growth, parabolic traction, and returns to Tamadoge.
Many crypto ICOs have performed really well during this crypto winter and by some might be considered a lucrative investment strategy or hedge against the mundane sideways action we are currently seeing from Bitcoin and Ethereum.
Personally, I think IMPT Token really has a great ethical vision and is utilizing the power of blockchain to provide real world solutions and protect our future generations.
Blockchain and crypto in general has a very bad reputation when it comes to carbon footprints and massive energy consumption. IMPT exists to be the solution to the negative narrative based around the superfluous energy consumption from cryptocurrency and enable secure exchanges of carbon credits.
Already, IMPT has over 10,000 different brand partners for the carbon nullifying platform. Once you buy from any of the partners on the IMPT platform the brand distributes a portion of the profits of the total purchase quantity to one of their ‘highly impacting’ projects which are chosen by IMPT – the user also capitalizes rewards in IMPT tokens.
With IMPT you can contribute to saving the world and reducing the carbon footprint globally whilst potentially securing more financial freedom by investing.
Overall, IMPT connects users with thousands of impactful environment projects around the world with the purpose to reduce carbon emissions and help our planet.
3 October 2022
XRP Price Levels
XRP (Ripple) is now in the process of price consolidation following the late September pump which soared the price of XRP up to $0.55. After a short-term 25% pull back down to $0.41, XRP is now trading at a healthier looking $0.45.
It is now imperative that XRP can hold the $0.41 support level to avoid further negative price action.
Will XRP (Ripple) pump again soon? XRP is available on eToro.
Cryptoassets are a highly volatile unregulated investment product.
XRP (Ripple) Crypto Price Prediction October
Over the last two weeks the price of XRP (Ripple) has exploded over 73% bringing a lot of attention towards the XRP ecosystem. Following the euphoric rush there has been a slight retracement, which is normal following large moves.
XRP is currently forming a consolidation pattern known as a symmetrical triangle which could result in bullish continuation to the upside if the resistance trendline is broken through.
XRP Symmetrical Triangle Pattern
XRP/USDT – 4 Hour Time Frame.
If XRP can gain enough bullish momentum to retest the resistance trendline of the symmetrical triangle ($0.489) there is a good chance we could see another swing high printed to the $0.512 resistance level.
This pump would potentially return roughly 12.19%. The technical target following this move would be a retest of the previous swing high at $0.559, this is where a rejection took place as the bears took back control.
Whilst there is certainly a good chance that we might see XRP (Ripple) continue to pump, the bearish scenario could always take place instead.
Should XRP tumble back down to the support trendline ($0.442) of the symmetrical triangle there is a good chance we would see a swing-low down to $0.418 and then consequently $0.393.
October is usually a very bullish month for the crypto markets in general. Once XRP gathers more bullish momentum we might see a retest of $0.51.
The real challenge for XRP is breaking out to the upside of the macro-down trend that we are currently seeing across the blockchain markets.
Time and time again, XRP continues to print a lower-high, which is quite bearish from a technical analysis point of view.
XRP Crypto Downtrend
XRP/USDT – Weekly Time Frame.
$0.51 proves to be a strong level of resistance. The yellow resistance trendline above is also a vital area. If XRP does go parabolic at some point in 2022, we could expect a retest of this resistance trendline which would bring the price of XRP anywhere between $0.63-0.74.
Upon zooming out on the price charts, XRP does seem like it is rather undervalued, not only is it being suppressed by the SEC but the crypto winter too making it difficult to see long-term bulls runs or uptrends for many bluechip cryptos and Bitcoin.
In 2018 the market capital for XRP was an incredible $130 billion, this is quite a realistic market capital to recover towards by the next crypto bull run.
XRP (Ripple) Video Analysis
According to Coinmarketcap, XRP (Ripple) is ranked #6 versus other cryptocurrencies and is trading at $0.458 with a market capital of $22.8 billion. Whilst XRP might not have the potential to offer 100x anymore, holders may be able to book in a 5-10x by 2024-2025 following the next Bitcoin halvening.
Alternative Crypto to XRP (Ripple)
Crypto winters (or bear markets) are great for prospecting and researching the next potential 10x coin. Over the last few weeks we have recently analyzed Tamadoge which offered investors over 800% returns from the Beta sale price.
Following this, Tamadoge went to public sale and has already been listed multiple CEXs/DEXs in the last week rising from $0.01 up to $0.092.
The next hot crypto which is now in presale is known as IMPT Token and could replicate similar growth, parabolic traction, and returns to Tamadoge.
Many crypto ICOs have performed really well during this crypto winter and by some might be considered a lucrative investment strategy or hedge against the mundane sideways action we are currently seeing from Bitcoin and Ethereum.
Personally, I think IMPT Token really has a great ethical vision and is utilizing the power of blockchain to provide real world solutions and protect our future generations.
Blockchain and crypto in general has a very bad reputation when it comes to carbon footprints and massive energy consumption. IMPT exists to be the solution to the negative narrative based around the superfluous energy consumption from cryptocurrency and enable secure exchanges of carbon credits.
Already, IMPT has over 10,000 different brand partners for the carbon nullifying platform. Once you buy from any of the partners on the IMPT platform the brand distributes a portion of the profits of the total purchase quantity to one of their ‘highly impacting’ projects which are chosen by IMPT – the user also capitalizes rewards in IMPT tokens.
With IMPT you can contribute to saving the world and reducing the carbon footprint globally whilst potentially securing more financial freedom by investing.
Overall, IMPT connects users with thousands of impactful environment projects around the world with the purpose to reduce carbon emissions and help our planet.
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