XRP Price Prediction 2021 – Will XRP Hit $2 Soon?

XRP Price Prediction 2021 - Will XRP Hit $2 Soon?
  • Bullish XRP price prediction ranges from $0.79 to $1.94.
  • The XRP price might also reach $2.
  • XRP bearish market price prediction for 2021 is $0.16.

In XRP price prediction 2021, we use statistics, price patterns, ADX, and much other information about XRP to analyze the future movement of the cryptocurrency. 

Ripple is a private financial technology company that provides global payment solutions through its own payment network Ripple Network (also known as RippleNet). RippleNet is a payment network based on the Ripple consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP ledger.

Current Market Status of XRP

According to Coingecko, the price of XRP is $0.6 with a 24-hour trading volume of $1,746,198,155 at the time of writing. However, XRP has increased by 1.3% in the last 24 hours, at the time of writing.

Moreover, XRP has a circulating supply of 46,265,302,471 XRP coins. Currently, XRP trades in cryptocurrency exchanges such as  Binance, OKEx, CoinTiger, Upbit, and ZBG.

XRP Price Prediction 2021

XRP holds the 6th position on CoinGecko right now. XRP price prediction 2021 explained below with a weekly time frame. 

XRP/USDT Higher High and Higher Low  Pattern (Source: TradingView)

When the highs and lows on the chart move up, an upward trend occurs. Prices in this uptrend can be viewed as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only did the highs fall higher, but the lows of the previous period also increased and fell higher than before. This signals to the trader that the price has risen and the total value has risen, and that it is time to sell and make a profit before the downtrend occurs.

Currently, XRP is trading at the range of $0.6. After this, XRP would continue to follow the pattern where the price chart would show an uptrend. If the trend reverses, then the price of XRP may fall to $0.22.

XRP Support and Resistance Level

The below chart shows the support and resistance level of XRP. 

XRP/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of XRP.

  • Resistance Level 1 – $0.79
  • Resistance Level 2 – $1.18
  • Resistance Level 3 – $1.94
  • Support Level 1 – $0.57
  • Support Level 2 – $0.27
  • Support Level 3 – $0.16

The chart depicts the bearish performance of XRP over the previous month. However, XRP will follow a bullish pattern and will rise. On the contrary, if the trend reversed then XRP might fall to $0.16 presenting a bearish signal.

XRP Average Directional Index (ADX)

Let us now look at XRP’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

XRP/USDT ADX (Source:TradingView)

The above chart represents the ADX of XRP lies in the range at 32.2, so it indicates a strong trend.

Conclusion

The XRP is one of the cryptos which is great for long-term investment. In addition, XRP price prediction is bullish for a short-term. It has a good chance of reaching $3.40 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the XRP ecosystem, the performance of XRP would rise reaching $1.7 very soon. But, it might also reach $2 if the investors believe that XRP is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.