XRP Price Prediction: Ripple Token Soars 7% to Hit 7-Year High Amid Record Whale Accumulation, But This Might Be The Best Crypto To Buy Now
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The
XRP
price
soared
7%
in
the
last
24
hours
to
trade
at
$3.34
as
of
02:25
a.m.
EST
on
trading
volume
that
surged
20%
to
$23.9
billion.
The
surge
propelled
the
Ripple
token
to
a
seven-year
high
above
$3.3,
which
saw
XRP
reclaim
its
position
as
the
third-largest
cryptocurrency
by
market
capitalization.
XRP
whales
have
accumulated
over
$3.8
billion
worth
of
tokens
over
the
past
two
months,
which
indicates
strong
institutional
interest.
XRP
Price
To
Continue
Soaring
The
XRP
price
chart
reveals
a
clear
bullish
breakout
after
months
of
sideways
movement
and
consolidation.
XRP
traded
within
a
tight
range
between
$2.00
and
$2.772
for
a
significant
period.
This
range
served
as
a
strong
accumulation
zone.
The
breakout
above
the
$2.772
resistance
level
is
a
significant
development,
marking
a
new
local
high
at
$3.35
and
signaling
continued
buying
pressure,
according
to
data
from
GeckoTerminal.
As
a
result
of
the
breakout
above
the
sideways
movement,
the
Ripple
token
price
has
now
crossed
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).
Meanwhile,
the
Relative
Strength
Index
(RSI)
is
currently
at
77.48,
indicating
overbought
conditions.
This
suggests
that
while
the
uptrend
is
strong,
a
short-term
correction
or
consolidation
might
occur
before
further
upside.
The
Moving
Average
Convergence
Divergence
(MACD)
line
(blue)
is
well
above
the
signal
line
(orange)
and
in
positive
territory.
This
alignment
signals
strong
bullish
momentum.
The
histogram’s
continued
increase
further
confirms
that
buying
pressure
remains
intact.
Ripple
Token
Aims
For
A
New
ATH
Given
the
current
market
structure,
the
XRP
price
appears
poised
for
further
upside,
although
short-term
overbought
conditions
may
cause
minor
corrections.
If
the
price
of
the
Ripple
token
holds
above
the
$3.00
breakout
level,
the
next
key
resistance
lies
at
$3.50.
A
successful
breach
of
$3.50
could
open
the
door
to
$4.00
and
beyond
in
the
coming
weeks,
above
XRP’s
all-time
high
(ATH)
of
$3.40.
If
selling
pressure
emerges
due
to
the
overbought
RSI,
a
pullback
to
the
$3.00
support
zone
(previous
resistance)
is
likely.
The
50-day
SMA
at
$2.39
serves
as
critical
support
and
would
likely
limit
any
significant
downside.
As
the
Ripple
token
price
soars,
investors
are
also
snapping
up
a
new
AI
agent
token
called
Mind
of
Pepe
(MIND).
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Buy
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blockchain
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trends
even
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In
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Visit
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MIND
website
here.
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