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  • The Ripple Price Is Up by Around 1% over the past 24 hours showing indications of a recovery
  • XRP lost over 25% in the big crash on September 7 and has continued declining since.
  • Positive outcome from the SEC case expected which may boost Ripple long term

The Ripple price has somewhat stemmed its losses over the past 24 hours and is up by around 1% to the $1.07 mark. It had fallen as low as $1.04 over the weekend and was dangerously testing the $1 level although strong support remains at that price point.

With all the FUD surrounding XRP it seems remarkable that the Ripple price has held up as it has. Pitfalls remain however with the completely unrelated Bitcoin crash last week dragging down XRP and most of the other cryptocurrencies. However, a favourable outcome in the SEC case is now expected so this could give another boost to the Ripple price. Long term expectations remain bullish after all.

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 Recovery With The Occasional Dip

It seems that the Ripple price is on the road to recovery with a possible breakout if buyers once again enter the market. It is important to note that the Ripple price has appreciated by well over 100% since the July swing low of $0.54 so the ascending triangle remains.

If a bullish thesis were to re-enter the market, then the Ripple price would be expected to recover to the$1.15 level quite fast. If that resistance level is broken, then the next realistic target would be the $1.25 market which would mean around 15% up from the current price.

A bearish thesis would of course undermine this prediction. If this scenario enters the market, the Ripple price would probably test the psychologically significant $1 level after which it would probably fall to the $0.90 mark where there is strong support.

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Long Term Price Prediction For XRP: Still Bullish On The Whole With Some Reservations

The September flash crash hit the Ripple price hard and it still has not recovered so much from the lows of $1.04 that were reached on 11 September. With the outcome of the XRP case due very soon, XRP should provide a good opportunity for investors to get in at a discount.

Analysts are still bullish on Ripple with many expecting it to reach the $2 price level by the end of the year. Others are predicting a parabolic rally in the broader crypto market with XRP expected to regain its all time high of $3.50 registered 3 years ago. That still remains a mirage however.

Where to Buy Ripple

If you want to purchase Ripple, you can do so on the following exchanges:
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Binance
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