Ripple XRP recently experienced a notable price surge, coinciding with its quiet relisting on Robinhood.
XRP consolidated around the $0.55 threshold for weeks after dropping from $0.6 in early August. However, it surged 10% over the weekend, pushing its price to $0.59 on August 15.
The token now edges closer to the $0.60 mark, with many investors eagerly anticipating new highs in the coming days. With renewed interest from traders and increased market activity, Ripple XRP’s potential rally above $0.60 seems possible.
Can XRP reach $1 soon? This analysis provides more insights.
Will Ripple XRP Hit $0.60 Following Recent Robinhood Listing?
Robinhood’s quiet relisting of XRP in its EU platform sparked a notable surge for the token and excitement in the crypto community. Over the weekend, XRP rallied above $0.59, inching closer to its July high of $0.6602.
Robinhood’s decision to relist XRP shows growing confidence in the coin following the resolution of Ripple’s lawsuit with the SEC. However, the listing is currently limited to EU customers.
The move could signal broader support for Ripple XRP in the future. The timing comes shortly after Grayscale Investments relaunched its XRP Trust. This suggests a growing trend of renewed support for XRP after the recent summary judgment in the Ripple/SEC lawsuit.
The relisting on Robinhood could attract more investors, potentially driving up demand and price.
So, will XRP hit $0.60? While the increased support from platforms like Robinhood is a positive sign, reaching $0.60 depends on its potential to sustain the momentum.
If this trend continues and more platforms follow suit, it could provide the momentum needed for Ripple XRP to break the $0.60 barrier.
Analyst Predicts XRP Surge to $99 Based on “Super Guppy” Indicator
In a recent X post, renowned crypto analyst EGRAG CRYPTO predicted a significant move for XRP using the “Super Guppy” indicator.
EGRAG’s recent prediction builds upon a previous analysis from October 2022. In the X post, EGRAG mapped out historical patterns of bear and bull markets.
#XRP Super Guppy ( Update):
For a clearer picture of the "Super Guppy" analysis, check out the post from October 28, 2022: Link 📅pic.twitter.com/dqwwmVluVA
What's Happening Now:
Are we about to experience a repeat of the 2017 pump? Back then, we saw a big red duration, followed… https://t.co/WPLTtxRvov pic.twitter.com/mRR9Fc4OO5— EGRAG CRYPTO (@egragcrypto) September 10, 2024
The indicator shows a recurring sequence: significant bearish downturns followed by impressive bullish surges. This price movement is an important signal for the potential XRP price breakout.
EGRAG’s chart shows that the price dipped significantly first between 2015 and 2016. He claimed the dip eventually led to a strong upward movement in 2017, with XRP’s price reaching its $3.84 all-time high in 2018.
The Supper Guppy indicator showed similar price movements between 2019 and 2022. Surprisingly, the indicator currently displays a similar pattern, showing a complete bearish phase in XRP price action.
This pattern suggests XRP could be set for another upward phase, with the next bullish move already brewing. EGRAG predicts three significant levels for XRP. The first target is $3.37, a 470% increase from its current price.
The second target is $13.69, marking a potential 2,220% gain. However, the most ambitious prediction is a surge to $99, representing a staggering 16,748% increase.
If this projection holds, Ripple XRP could surge beyond key resistance levels, setting it up for long-term growth.
Ripple XRP Price Analysis: CMF and RSI Indicators Suggest Bullish Momentum
XRP is trading above a critical support level of $0.556, showing stability. The Chaikin Money Flow (CMF) indicator for XRP is at 0.11, suggesting that many investors are interested in XRP.
The Relative Strength Index (RSI) for XRP sits at 52, near the middle of the scale. This suggests that XRP is neither overbought nor oversold, leaving room for upward movement.
However, if the RSI trends higher toward 70, it could signal more buying interest, pushing prices up.
XRP is maintaining its position above the primary support level of $0.556. If bulls can sustain the price above this crucial support, XRP may rise toward the next resistance level at $0.60. However, if XRP drops below this $0.556 support, it could fall further to $0.520.
Memebet: A Promising Alternative to Ripple (XRP)
While XRP shows potential for gains, it’s wise to consider alternatives. One such coin is the Memebet token, which has gained institutional interest despite recent price dips.
Memebet offers strong fundamentals, making it a viable option for investors seeking long-term growth. Memebet is a unique blend of memecoins and GambleFi, which recently launched its presale.
Features of Memebet Token
Memebet combines memecoins with online gambling, targeting the growing GambleFi sector. This platform introduces a new utility to memecoins by allowing users to wager their favorite meme tokens on casino games, such as Dogecoin and Shiba Inu.
Investors can now use their holdings in fun, engaging ways rather than just holding them. With this unique feature, Memebet could become a major player in the crypto space.
The project has already raised over $230,000 in its presale, indicating interest from many investors.
According to the official presale website, one $MEMEBET token currently trades at $0.0251, and the price will increase in less than 24 hours. So, those who buy now can enjoy more returns as the price increases. You can purchase this token using ETH, USDT, or debit/credit card.
To participate, visit its main presale page and follow the instructions provided.
Check out the best crypto presales to invest now
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