XRP News: Recent Surge Indicates Potential for Further Gains, Despite Mixed On-Chain Metrics

XRP Price Prediction – Potential for More Gains After Recent Surge

XRP’s price has seen high volatility over the past month, with a 19% gain in 4 days. The cryptocurrency faced the prospect of defending the $2 support level but succeeded. However, the recent southbound move has shifted the higher timeframe swing structure bearishly. On-chain metrics suggest mixed results, hinting at bearish continuation but also retaining a long-term bullish outlook due to XRP dominance and growth in risk-adjusted returns. Traders should be aware of a potential downward move.

XRP Sell Signal: TD Sequential Warns of Pullback

XRP market participants should be cautious as an important technical signal from the TD Sequential indicator suggests forthcoming short-term price drops. The indicator, developed by Tom DeMark, detects trends exhaustion that might lead to price reversals. On the 4-hour chart, a sell signal has been detected, indicating that XRP may experience dips due to being overextended from recent price increases. This signal can be interpreted in two ways: it either预示未来的下跌或为交易者提供了一个以更低价格买入的机会.

XRP Price Prediction Reaches $110; Declared Market Leader by Bollinger Bands Creator

The XRP price could surge to new all-time highs of $110, according to an analyst who based his prediction on the Elliott Wave structure. This target represents a 3,974% increase from its current market value. Bollinger Bands creator John Bollinger has also declared XRP a market leader in the crypto space.

Crypto Strategist Predicts 60% Price Increase for XRP to $4

A crypto strategist on TradingView predicts that XRP could witness a significant 60% price increase, reaching $4, if certain conditions align before March 17. The strategist outlines both bullish and bearish scenarios with key resistance and support levels for traders to monitor. At the time of writing, XRP is going through a broader correction phase alongside the entire crypto market, and the 3-day RSI needs to break above 55 to sustain an uptrend. A rejection around this level or lower could push the asset into a downturn.