Ripple XRP Price Analysis and Outlook
- Price Movement Trend: As of April 11, Ripple's native token XRP traded at $1.35, showing a slight daily gain and a 3% weekly rise, indicating market attention towards the upcoming Congress and crypto policy.
- Legislative Impact: With the US Congress reconvening on April 13, market focus shifts to the CLARITY Act, as analysts suggest that progress on this bill could lead to significant price swings for XRP, reflecting the direct impact of policy on the crypto market.
- Long-Term Price Targets: Analyst EGRAG CRYPTO has outlined long-term price targets for XRP, estimating a range between $4 and $7, with potential expansions to $13 and $27, and even a macro repricing scenario of $100, showcasing optimistic market expectations for XRP's future.
- Market Reaction Mechanism: XRP's active community reacts swiftly to bold market calls, and the latest predictions have sparked discussions around long-term price trajectories, indicating the market's high sensitivity to policy changes and price history.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.161 | 1.22 | 1.278 | 1.337 | 1.396 | 1.455 | 1.513 |
| Fibonacci | 1.22 | 1.265 | 1.292 | 1.337 | 1.382 | 1.41 | 1.455 |
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