XRP (XRP) Price Prediction 2023: Is XRP a Good Investment?

The XRP price prediction shows that XRP is ready to renew the bullish trend after refusing to cross above the moving averages.

XRP price is ready to renew the bullish trend after refusing to cross above the moving averages.

XRP Prediction Data:

XRP’s price history highlights the immense potential of being early to crypto projects. From its all-time low of $0.002802 on July 7, 2014, XRP has soared by an incredible 74,636.36%, underscoring the rewards of early investment. Despite correcting 45.49% from its all-time high of $3.84 on January 4, 2018, XRP’s growth showcases the long-term value of identifying promising projects early and navigating market volatility. This serves as a powerful reminder of the transformative opportunities in cryptocurrency for early adopters.

XRP/USD Market

Key Levels:

Resistance levels: $3.20, $3.40, $3.60

Support levels: $0.95, $0.75, $0.55

XRP/USD is currently in a bearish phase, aligning with yesterday’s analysis. On the daily chart, the price trades below the value area low, now at $2.10, reflecting ongoing selling pressure. This level shifts downward due to increased trading volumes in lower ranges. XRP initially finds support at 2.01 – a crucial dynamic support level – but retests $2.14 as resistance, confirming a bearish continuation. The price now trades decisively below the 9-day and 21-day moving averages, indicating further downward momentum.

XRP Price Prediction:  XRP Could Head to the Upside

The XRP price is moving toward the resistance level of $2.15 as the initial move above the moving average could boost the price further up. The XRP (XRP) could head to the upside if the bulls increase the buying pressure. Meanwhile, looking at the coin from above, bullish movement may come into play if the XRP price crosses above the moving averages, the nearest resistance level could be found at $2.15. Therefore, if $2.00 holds as support, XRP/USD is likely to target $2.20 and $2.25 as immediate resistance levels.

Nevertheless, breaking above the resistance level of $2.25 could indicate a shift toward bullish momentum, though this appears unlikely under current conditions. A more probable scenario is consolidation between $2.00 and $2.25, providing a base for future price action. While XRP has lost some of its bullish strength, the $2.00 support level looks strong enough to prevent deeper declines for now. Meanwhile, a break above the $3.00 level may most likely push the coin toward the potential resistance levels of $3.20, $3.40, and $3.60 while a drop below the lower boundary of the channel may locate the supports at $0.95, $0.75, and $0.55.

XRP/BTC May Continue to Consolidate

Against Bitcoin, the XRP price is seen moving slightly below the 9-day and 21-day moving averages. After the coin touches the daily high at 2241 SAT today, the coin could retreat toward the low of 2000 SAT. Meanwhile, the price could follow the upward movement if the buyers push the market price above the moving averages.

Moreover, should sellers increase the momentum, the XRP price may drop to the support of 1300 SAT and below. At the moment, the 9-day moving average is yet to cross above the 21-day moving average, as the market is ready to face the upward movement in the next positive direction while the resistance level could be located at 3100 SAT and above.

However, @realXRPwhale shared an exciting analysis with their followers on X (formerly Twitter), suggesting that $XRP has the potential to surge to $1.50 or even beyond $3, sparking enthusiasm and speculation within the crypto community.

$XRP IS GOING TO $1.50 or +$3?#XRP 🚀🌖 pic.twitter.com/8XyR7PSMiL

— XRP whale (@realXRPwhale) December 30, 2024

Alternatives to XRP

XRP/USD currently faces short-term bearish pressure on the daily chart, but the $2.00 – $1.95 range offers significant support. A rebound from this level is likely, while a break below would open the door to further declines. However, Wall Street Pepe, in particular, is capturing attention with its impressive presale performance, generating between $500,000 to $1,000,000 daily and boasting a record-breaking launch trajectory. The project