PredictionPrice Analysis

Ripple (XRP) Price Analysis and Price Prediction 2021

This Ripple (XRP) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our XRP price analysis and prediction.

One of the crypto assets performing great this year in terms of providing a seamless payment gateway experience is Ripple. Lately, Ripple has launched a new project on its RippleNet called Line of Credit. This project is a beta service that enables Ripple customers to acquire funds easily. Then, they can start financing their cross-border projects using XRP tokens.

Furthermore, Ripple has recently partnered with Lemonway, a payment gateway in Europe for online marketplaces. This partnership is said to improve payment transactions between euro-euro and other currencies supported by Lemonway.

Would these events be good enough to make Ripple a good investment? Should we invest before the year ends or by 2021? Let us find out in this CoinQuora Ripple (XRP) market analysis and price prediction 2021 article.

Ripple Price Analysis (Oct 15)

The market depression today due to the pandemic was felt in and out of the crypto world. Nevertheless, Ripple is one of the cryptocurrency in the crypto market that stands strong and is able to maintain its current rank as one of the top 10 cryptocurrencies on Coingecko.

Would these events help the crypto maintain its uptrend position? Let us find out in this XRP price analysis.

 XRP/USDT daily price (Source: TradingView)
XRP/USDT daily price (Source: TradingView)

As seen on the chart above, Ripple opened today with a trading price of $0.24 below the Arnaud Legoux Moving Averages (ALMA). In this case, the crypto must be able to climb its way back again on top of ALMA to stay away from the bears. If the crypto fails to reach the bullish ladder on its way up, Ripple may slide to bear territory with a support level price of $0.244.

On the other hand, the moving average convergence/divergence (MACD) is still moving on top of the signal line indicator, which is a good sign. In addition, the relative strength index (RSI) is at its level 50, which shows that traders are still holding their crypto and are still believing in the potential of the digital currency.

Ripple Price Prediction (Oct 2020)

Ripple has performed well in the past weeks, with an over +18% growth rate from its bearish dip last September 24. This week, the crypto continued its bullish momentum with an average trading price of $0.25.

Will Ripple maintain its trading position until the end of this month, or will it soar even further? Let us see what the chart says for this Ripple price prediction article.

XRP/USDT (Source: TradingView)
XRP/USDT (Source: TradingView)

Based on the chart above, Ripple managed to survive and regain its bullish position from its bearish dip price of $0.22 last September 24. It also shows that the crypto is traded above the  Arnaud Legoux Moving Averages (ALMA), which is a bullish indicator.

The graph above displays how the crypto recovered and regained its composure from its bearish price drop of $0.200 last October 9. In this scenario, the bulls handled the situation well against the bears, which enabled the crypto to climb back to its bullish price of $0.25.

Meanwhile, the moving average convergence/divergence (MACD) is still above the signal line indicator since last September 25. If this uptrend continues, the crypto might close the month of October with a bullish price of $0.28 or higher.

However, if the bulls turn against the crypto, Ripple might experience another price fall as low as  $0.20 or even lower. In this scenario, the crypto must be able to invite more investors in the platform to prevent its price from overstaying in the bearish territory.

Ripple Price Prediction 2021

Lately, Ripple has been investing well in promoting its platform to provide a seamless way of transferring money across borders around the world. Would this be enough to make Ripple a good investment throughout 2020 and in 2021? Let us find out in this Ripple price prediction 2021.

XRP/USDT (Source: TradingView)
XRP/USDT (Source: TradingView)

2020 seems to be a favorable year for Ripple. It is seen in the above chart how the crypto managed to keep its uptrend position since the first quarter of the year. The chart also displays the +136.04% growth rate of the crypto from its bearish price of $0.106 last March to $0.2595 this month of October.

If this bullish position remains, Ripple may have the chance to close 2020 with a price of $0.5. This crypto price can even skyrocket to $1 – $1.5 in 2021 if the market continues to favor the crypto.

However, if the crypto fails to maintain its uptrend position and falls below the ALMA, the crypto might slide down to the Fibonacci level of 0.5. This is 15.85% deep from its current price position. The crypto must find a way to bounce back to its bullish position as quickly as possible. Otherwise, Ripple could be overwhelmed by the bears, which is definitely not a good sign.

Meanwhile, the relative strength index (RSI) of the crypto is still within the bracket of either being oversold or overbought. This is an opportunity that the crypto must take advantage of in order to secure its uptrend position.

Moreover, our Ripple (XRP) conservative price prediction in 2021 is $0.5. It could even go as high as $1-1.5 in one of the quarters of 2021. This will only be the case if the market continues to believe in the crypto.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Jay Manila

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.

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