XRP price could retest the last All Time High resistance area of $1.98 again. price has retested the $0.86 support area successfully, This only means that buyers were able to withstand the sell off and price reversed back to above $1, giving the buyers a good entry for a buy. This Xrp price prediction show why XRP Coin hodlers are likely to see good massive returns before end of Jan 2022.
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What is Ripple Network ?
Ripple is a payments settlement system and currency exchange network that can process transactions around the world.
The idea was actually simply that Ripple serves as a trusted agent in between two parties in a transaction as the network can quickly confirm that the exchange went through properly. The interesting aspect is that Ripple can facilitate exchanges for a variety of fiat currencies, cryptocurrencies like Bitcoin(BTC) and even commodities like gold.
You can say that ripple’s plan was to replace SWIFT(a leading money transfer network) or to otherwise replace the settlement layer between major financial institutions. When transactions are carried out on the ripple network, a small out of XRP coin is charged as transaction fees.
What is The Major Difference Between XRP And Ripple?
XRP is the coin used on Ripple network. Xrp is therefore a cryptocurrency that runs on the XRP Ledger, a blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.
McCaleb and Britto would go on to found Ripple and use XRP to facilitate transactions on the network. XRP coin can be bought as an investment, as a coin to exchange for other cryptocurrencies or as a way to finance transactions on the Ripple network.
Can XRP Hit $2 Before The End Of 2021?
Watch the XRP 2022 price prediction video analysis below for better understandin.
From The Chart above, We see price currently facing a breakout challenge with the current sellers white trendline. Though they have successfully broken above the sellers line and opened a new daily candle above the line, buyers have continued to add more money to the coin thereby increasing the chances that the current breakout is likely to be fruitful. A closer look at the chart shows that price could still retest the breakout resistance now most likely to act as support($1.02 to $0.98 price range).
This means that even though the current breakout could first rally to $1.41 to $1.42 resistance area. chances are high the buyers experience some small pullback to retest the support area. The pump is likely to kick off immediately after some short brief sideways price movement on the new support area.
The weekly chart goes further to confirm this with the chart below.
XRP price prediction base on weekly chart shows clearly the current sellers line breakout. With the current swing low on weekly chart showing a bull market structure ( higher low), this only means that soon a new higher high is likely. The buyers seem to be currently putting more force to break above the box in the diagram above.. price moving above the box confirms complete breakout on the weekly chart
XRP coin can be a good investment for 2022 if bought at the current support area. A good target could be from $2.4 to $2.7 resistance area. Do expect a reaction around the previous all time high(ATH) resistance area.
From the above 4hrs price chart, I do see clearly how the bulls plan to attack the top of the inner box containing the current consolidation. A retest of the bottom of that inner red box is very likely to lead to the break of the top of the box. This particular move will lead to the retest of ATH ($1.98 area).
I do see a pullback for the best entry on XRP coin. if one can be patient enough you are likely to rip a woofing 1000% move before the end of Jan 2022, just the perfect way to start a new year to me. Thanks for reading to this point, I will be happy to hear your inputs on XRP in the comment section below.