XRP is estimated to reach $0.829 by the weekend

XRP is on a potential bull run, with the previous gain recorded at 3.40%, allowing the token to exchange hands at $0.655002. That takes it closer to the estimated milestone of $0.829274 by March 9, 2024. Assuming XRP does stand up to the hype, it would be a surge of 26.97% in the next five days. Needless to say, the price rise is subject to volatility in the cryptosphere. Hence, the possibility of a fall is inevitable.

XRP was last seen dropping by 1.47% against the dominant token, which is BTC. For reference, Bitcoin has retraced to $66,756.45, with a surge of 2.29% in the last 24 hours.

The Fear & Greed Index has put XRP in an Extremely greedy spot with a rating of 82. The token traded below $0.6 for a couple of days. It was only on March 3, 2024, that it navigated to the optimistic side. Yet it danced in the bullish zone with constant upticks in the books. For instance, the growth in the last 30 days has come to 25.70% at the time of writing this article. In the medium term, it takes the form of an increase of 15.93% in 7 days.

Our XRP price prediction shows that XRP has traveled a long way to meet its previous all-time high of $3.92; the number is from January 2018. Its rise in the last year has been 72.62%, which is accurate while articulating this piece. The token’s lowest value is $0.113268.

Key resistance levels are estimated to be $0.643590, $0.659188, and $0.676187 for the support levels of $0.610994, $0.593995, and $0.578397.

A rating of 82, specifically for FGI, suggests that investors are behaving positively. They are optimistic about XRP and the crypto market on a macro level. While there is hesitation among them, tokens like BTC and ETH continue to instill a sense of bull run in the long term. Moving averages and oscillators are equally positive.

Major indicators like the RSI and MACD remain neutral. XRP price may also be driving up amid the ongoing legal dispute with the US SEC. Bill Morgan, the attorney for XRP, interacted with the media to state that the agency had been granted a default judgment, adding that this is a judgment that is given only when a party fails to defend.

XRP is currently exchanging hands at $0.6445, with a rise of 15.89% in the last 24 hours. Traders anticipate the token to reach $0.65 at the earliest. That would pave the way for the milestone of $0.82 by the weekend. It will meet the middle target of $0.7 before continuing the bull run. The growth is supported by the daily chart of the XRP/USDT pair, reflecting a bullish shift in the market.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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