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  • The Ripple Price Has Appreciated Consistently Over The last Few Days And Looks To Be Moving Towards The $1.50 mark
  • Recent favourable indication regarding the XRP/SEC case have boosted the coin
  • More positive momentum expected, especially on a long-term basis.

The Ripple price has appreciated by around 12% since last week and is looking to make further gains long term. Although there has been a slight pullback of around 2% over the past 24 hours, momentum in XRP seems bullish as the market continues to digest the positive implications of the XRP/SEC case. It seems that the 4-year long battle will finally be resolved soon and the upside is that its looking good for the Ripple price.

XRP has been on a consistent positive trend since at least 11 August when the price was around the $84 mark. It is currently trading at the $1.3 level which is a 55% appreciation from that level which is quite excellent for the short-term investor who piled in at that price. What’s more, the Ripple price has appreciated by well over 100% since the July 20 swing low of $0.53 making it one of the best performing cryptocurrencies over the past two months.

If you haven’t yet bought some Ripple then you should take a look at this How To Buy XRP Beginner’s Guide.

 

Short Term Prediction For Ripple Price: A Slow Move Upwards With Some Inevitable Pullbacks

After having appreciated by 110% since July 20, the Ripple price looks to continue its ascending triangle until it reaches the $1.5 level where considerable resistance will probably be encountered. Recent developments regarding the SEC/XRP case are looking positive and with a judge ruling by the end of the month, some upside is to be expected if the decision goes in Ripple’s favour.

If a bullish thesis were to continue then we could expect the Ripple price to continue charging forward and probably tag the $1.50 level. If that resistance point is over come then XRP could go all the way up to $1.75 but such a parabolic move would require the market to play ball as well.

On the other hand, a bearish thesis would invalidate this scenario. If that were to occur, the Ripple price would probably dip to the first support level of $1.33. If that breaks and a sell off ensues, XRP would probably test the $1.30 level again. However, such a scenario loos unlikely at this point.

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Long Term Price Prediction For XRP: Slow But Solid Momentum Towards the $2 level

Although Ripple sometimes lags behind other cryptos for spectacular growth, it does seem that it is destined for greater tings in the last quarter of the year. The spectre of crypto regulation, once again hinted at by Fed Chair Jerome Powell in his FT interview, does not seem to have affected XRP’s prospects much.

It would be logical that if a favourable outcome comes out of the XRP/SEC case, the Ripple price will continue to accelerate. The $2 level would not be amiss by end of year with some analysts even predicting a revisiting of the all time high of $3.50 registered more than four years ago.

Where to Buy Ripple

If you want to purchase Ripple, you can do so on the following exchanges:
eToro
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Binance
The other platform where you can buy XRP is Binance. Binance is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also offers user-friendly features.

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