XRP Primed for $10 Surge as Nasdaq Traders Gear Up for ETF Mania
Ripple's XRP shakes off regulatory cobwebs as institutional interest mounts—just as Wall Street starts playing nice with crypto ETFs. Cue the 'we always believed in blockchain' speeches.
Nasdaq traders pivot from meme stocks to digital assets, scrambling for exposure before the next FOMO wave hits. Meanwhile, Bitcoin maximalists quietly seethe in their proof-of-work bunkers.
Will this finally be the altcoin season that lasts more than 48 hours? The charts say maybe. Your overleveraged cousin's Twitter feed says definitely.
Check Technical Indicators for Ripple’s XRP
The volume indicator plays a vital role when it comes to predicting the price prediction of a token. While larger candles display increased volatility, the smaller candles stress at weak price action. As of today, the histogram records a moderate rise, suggesting mixed market sentiments and a caution period. However, a positive outlook may push the price toward its upper test zones.
The Exponential Moving Averages (EMA) 20, 50, 100, 200 is an important technical indicator as it helps in identifying the price trends more accurately. Here, the XRP price is above all the EMA ranges, suggesting a strong bullish price action in the crypto space. Moreover, the EMA 200 acts as a major support around the $2.08 range, making it a key retest.
The MACD indicator has crossed the signal in the daily time frame and is now positive as it shows +0.0019. Additionally, the trendlines have successfully witnessed a bullish convergence in the same time frame, suggesting rising Optimism in the market. Generally, this kind of trend indicates a sustained bullish action.
Will XRP Price Continue Rising?
Considering the present market sentiments, the immediate resistance levels for this altcoin are $2.50 and $2.94. However, sustained bullish action could lead the price toward the multi-month high of $3 this month.
Rising optimism among investors and analysts due to increased adoption and potential exposure of XRP to NASDAQ investors could act as a major catalyst for it to hit its major price targets. Considering such a situation, the XRP price may head toward its highly anticipated target price of $10.
However, coming to reality, this price is not achievable within a short period as it WOULD require an exponential surge and considering the present market sentiments, it is highly unlikely.
Negatively, considering a bearish setback or increased liquidation, this altcoin could retest its immediate support levels of $2.14 and $2.08 in the upcoming time. Moreover, if the bulls fail to regain momentum at this point, the price could retest its April low of $1.7240 this month.
Nasdaq Adds XRP, SOL, ADA, XLM to Crypto Index
