XRP/USD forecast for today by Traders Union analysts
The XRP/USD pair means that the price of Ripple is measured in the U.S. dollars. This altcoin was launched by Ripple Labs Inc. as a “digital asset for global payments”. High transaction processing speed and miser transaction fees are the key benefits of Ripple.
RippleNet operates on the basis of the existing banking infrastructure and XRP register, which allows for improvement and expansion of the traditional financial system capacity. This explains investor interest towards the XRP/USD pair. However, recognition of XRP as a security remains a question. The lawsuit of the SEC filed against Ripple in 2020 still hasn’t been resolved. This means that there is a certain risk for investors.
TU analysts make daily XRP/USD price predictions to give you an idea for the price movement today, in a week, in a month, etc. The experts use methods and instruments of technical analysis (support/resistance levels, indicators, etc.) to make the predictions. In addition, you can view the Ripple price live on an interactive chart on the website.
XRP/USD is recovering after a drop
24.04.2024
Ripple continues to fight back in the dispute with the SEC, but the dynamics of the eponymous cryptocurrency still depends in no small part on the dynamics of Bitcoin. The recovery of the latter contributed to the recovery of XRP/USD from 0.4692 support to the level of 0.5713. The nearest support now lies at 0.5425, above which there are chances of retesting the level of 0.5713. The loss of support will lead to a decline toward 0.5200-0.5050. On the decline, the coin may be bought, as there are no reasons for a large-scale sell-off at this stage.
XRP/USD collapsed to 0.4300
16.04.2024
Despite hopes for a deal between the SEC and Ripple, the XRP coin underwent a sell-off amid the liquidation of long positions, as a result of which its price collapsed to support at 0.4300, followed by a rebound to resistance at 0.5200. In the short term, consolidation between these levels is possible, while XRPUSD may remain under pressure. A break of resistance will lead to a rise towards 0.5400-0.5500.
XRP/USD is trying to resume growth
09.04.2024
The corrective decline in XRP price was stopped by buying interest around the level of 0.5650, after testing which the price rose to 0.6430. Nevertheless, a rather significant decrease in the number of transactions in XRP does not contribute in any way to the resumption of the rally, and attempts to grow are facing selling interest, as a result of which the price of the coin may test support near the psychological level of 0.6000. A breakdown of the current high will lead to growth in the direction of 0.6600.
XRP/USD resumed its decline
02.04.2024
Interest in XRP remains sluggish, and the bulls' inability to break the resistance around the 0.6400-0.6600 levels has led to profit-taking on longs and a decline towards 0.5800. The current decline can be used for buying, with bears testing 0.5700-0.5500 support before. A passage of 0.6000 will lead to an upside toward 0.6200-0.6300.
XRP/USD declines after rising
26.03.2024
The U.S. Securities and Exchange Commission (SEC) wants Ripple Labs to pay fines totaling about $2 billion, which, however, did not prevent the XRP coin from recovering some of the losses incurred and, having found support around the 0.5700 level, rising to resistance at 0.6600. On the upside, long liquidation continues, and the price of the coin has retreated to the 0.6300 support at the moment. Ripple Labs' payment of a rather impressive amount may help to maintain pressure on XRP but is hardly a reason for the collapse of its price. The loss of the current support will entail a decline in the direction of 0.6000-0.5750, and on the way to these levels, possible activation of the bulls.
XRP/USD continues to fall
19.03.2024
Liquidation of long positions after the growth to the level of 0.7470 led to the fall of XRP price to the support near the level of 0.5750, due to which the coin completely lost all its gains since the beginning of March. There are still possible growth attempts towards 0.6200-0.6400 from the current levels, where it may again face selling interest. The loss of the above support will lead to larger losses and may significantly weaken the bulls' position on XRPUSD.
XRP/USD updated the current highs
12.03.2024
Bitcoin continues to set the tone for trading in the crypto market. Thus, its growth contributes to the growth of other cryptocurrencies, including XRPUSD. After testing 0.5864, the coin's price broke through the resistances at 0.6380 and 0.6640 and soared to 0.7481 before returning to the support at 0.6870. On pullbacks, the demand remains, but the bulls cannot break the intermediate resistance at 0.7100 yet, which may entail the loss of support and the development of a larger correction; passing the resistance will allow them to test 0.7300-0.7400.
XRP/USD is trying to break through the resistance of 0.6692
05.03.2024
Ripple, amid the boom in the cryptocurrency market, also shows positive dynamics, within which its price broke through several resistances and rose to the level of 0.6692 USD. On pullbacks in the direction of 0.6200--0.5900, the demand remains, and with it, the chances of breaking through resistance and growth in the direction of 0.7000. Bitcoin correction risks due to the proximity of historical highs also create risks for XRPUSD. A loss of 0.6200 will lead to a decline towards 0.6000-0.5900.
XRP/USD storms resistance at 0.5700
28.02.2024
Bitcoin is updating current highs, and against this backdrop, XRPUSD pullbacks to 0.5300 support continue to be used for buying, and bulls break through the local resistance at 0.5477 to test the 0.5700 level. Above 0.5300, the outlook for the coin remains constructive, and bulls will be able to test resistance around 0.5750-0.5800 after breaking the current resistance. A loss of 0.5500 support will lead to a decline towards 0.5300.
XRP/USD rises in price after a decline
20.02.2024
After rising towards 0.5794, XRPUSD was under pressure, amid which its price declined towards 0.5400 support. Nevertheless, on the decline, the demand for the coin remains, and its price is approaching the above-mentioned resistance, where in the absence of fresh, bullish factors, bears' activation is again possible. A loss of 0.5550 support will lead to a decline towards 0.5450-0.5400, but this decline could again be used for buying. A break of 0.5794 resistance will lead to an upside towards 0.5900-0.6000.
XRP/USD is being bought back on the ottates
14.02.2024
Ripple is celebrating the receipt of multiple licenses and the purchase of Standard Custody and Trust, and the cryptocurrency XRP continues to be in demand in the fall, in this case, to support near the level of 0.5150 and again approaching resistance 0.5340-0.5380. A further rise in bitcoin, whose price has broken the psychological level of 50000, could help Ripple break this resistance and rise towards 0.5460-0.5500; a loss of 0.5220 support would lead to a decline to 0.5160/40. Pullbacks to the downside can still be used for selling.
XRP/USD under pressure after recovery
06.02.2024
XRPUSD's pullback after falling towards 0.4865 was capped by resistance around 0.5260, from which the coin is back under pressure, dropping to 0.4980 support for now. Failure to consolidate above 0.5140/20 indicates the risks of retesting 0.4900-0.4865; a break of 0.5100 would increase the chances of passing 0.5140 and rising towards 0.5180-0.5200. The collapse of the coin's price in the short term should not be expected.
XRP/USD under pressure after growth
30.01.2024
Bitcoin's recovery also "pulled" the ripple coin, the value of which, after a pullback to the support of 0.5050, broke through the resistance of 0.5200 and rose to the level of 0.5400. Nevertheless, XRP sold off again on the rise, and bears tested the 0.5147 mark. There are no factors that would justify a large-scale sell-off in the crypto market at this stage, so there is still demand on the fall, and the bulls may test the resistance of 0.5340-0.5400 again; loss of support at 0.5200 will lead to a decline towards 0.5050, where the activation of the bulls is possible again.
XRP/USD broke through the support and continued falling
23.01.2024
Bulls on XRP played back all the positive factors for the coin and, in the absence of any fresh drivers, continued to liquidate long positions. Against this background, its price, again under pressure after an unsuccessful attempt to break through the resistance at 0.5550, broke through the support at 0.5200 and fell to the level of 0.4971. From the current support, the activation of bulls is possible, but its breakdown will lead to a decline towards 0.4800 at least. In the near term, the dynamics of XRPUSD will depend on the dynamics of BTCUSD.
XRP/USD returned to the consolidation range
16.01.2024
On the joy of the launch of spot bitcoin-ETFs, the ripple came out of hibernation and broke through the resistance at 0.58000 and rose to 0.62365. Nevertheless, the bulls were unable to maintain optimism and break through this level, and amid profit taking on longs, XRPUSD returned to the support at 0.55500, thus returning to the consolidation range in which it was before breaking through the resistance. At this stage, the coin remains under pressure, so the risks of testing the level of 0.55000 still prevail; passing the resistance 0.58500-0.59000 will provide growth to the psychological mark 0.60000.
XRP/USD in the consolidation phase after the fall
09.01.2024
After falling to 0.50433 amid profit-taking on long positions, XRPUSD bounced to resistance at 0.59050, where it entered a consolidation phase, trading between resistance and support at 0.54900. While bitcoin is appreciating ahead of a likely positive SEC decision regarding the applications of several investment firms to launch spot bitcoin-ETFs, there are no growth-supporting factors for ripple at this stage. In the short term, consolidation of the coin may continue, and its further dynamics may depend on BTC's reaction to the SEC decision. Losing support will decline towards 0.50000; passing resistance will provide a pass to 0.60000-0.61000.
XRP/USD was bought back in the fall
19.12.2023
The growth of XRPUSD to the level of 0.64390 was used to continue the liquidation of long positions. As a result, the support at 0.59500 was broken, and the level of 0.57840 was tested. Here, the coin was repurchased, which brought its value back to the level of 0.61500, but the bulls could not break through this resistance, which kept the risks of testing 0.59500-0.59000. The passage of the resistance will lead to growth to 0.62500-0.63000. There is no reason for large-scale sell-offs at the moment.
XRP/USD sold on the growth
12.12.2023
Thanks to the continued demand and bullish sentiment in the cryptocurrency market, XRPUSD, having broken through the resistance around 0.64100, rose to the psychological level of 0.70000. In the absence of fresh market drivers here, the bulls fixed a nibble on long positions, which led to a decline in the price of ripple to the level of 0.59800. At the moment, the coin is in a consolidation phase, where below 0.63000, downside risks to 0.60000-0.58580 prevail; passing this resistance will lead to a rise to 0.64000-0.64500.
XRP/USD remains in a narrow range
05.12.2023
Ripple continues to consolidate in a relatively narrow range, where growth attempts are limited by resistance near the 0.64000 level, while pullbacks are limited by support at 0.59000-0.57920. In the short term, in the absence of news/events related to Ripple and/or the crypto market as a whole, the consolidation of the coin in the current range may continue, and the emergence of negative factors will provoke the breakdown of support and decline towards 0.54000-0.52000. Passage of resistance will provide growth up to 0.68000.
XRP/USD returned to the area of 0.60000 level
28.11.2023
Buying XRPUSD on the fall to 0.57500 brought the coin back to the resistance at 0.62500, which was broken after several days of consolidation, and the bulls tested 0.63725. In the absence of fresh market drivers on the upside, the coin was sold, and now it is trading near 0.60000. From the current levels, growth towards 0.62500-0.63000 is possible; a loss of 0.59500 support will lead to a decline to 0.58500-0.57500, where bulls' activation is again possible. The outlook for XRPUSD remains constructive.
XRP/USD under pressure after growth
21.11.2023
On the back of Ripple's legal victories, the XRP token remains in demand on the downside. This time, it was repurchased from the level of 0.59000, which led to its price growth to 0.62836; after being under pressure again, it declined to the support of 0.60830. At this stage, the coin is consolidating in a range while still within an uptrend, where the chances of a rise towards 0.64000-0.65000 remain; a loss of support will lead to a decline towards 0.59000-0.56000.
XRP/USD declines after trying to break through the highs
15.11.2023
Unable to break through the resistance at 0.70200, XRP bulls were taking profits on long positions, but the coin's decline was limited by the support at 0.64380. Another attempt to break through the maximum at 0.73260 ended with a sell-off and a fall to 0.59560, facilitated by increased risk appetite and demand for "traditional" instruments. On the downside, XRP continues to be bought, but the bulls cannot break through the resistance at 0.64000, which keeps the risk of a decline to 0.61000-0.60000. Passage of resistance will lead to growth to 0.65000-0.66000.
XRP/USD updated the current highs
07.11.2023
Inspired by the positive news on the Ripple network, the XRPUSD bulls broke through the resistance around the 0.62000-0.63000 levels and raised the price of the coin to the 0.73300 level, where in the absence of fresh market drivers, they were taking profits on longs, against which the price rolled back to the 0.65200 level. On the downside, demand remains, but without fresh stimuli, a break of the current highs is unlikely, which could entail a loss of support and a decline towards 0.62000-0.61000.
XRP/USD broke through resistance
31.10.2023
XRPUSD's consolidation in the range between support near 0.54000 and resistance at 0.58320 ended with a break of the resistance and a rise to 0.62060; after testing it, its price rolled back to 0.59570 at the moment. Having consolidated above 0.58320, the ripple may continue to rise towards 0.63000; loss of this support will lead to a decline towards 0.57000-0.56000.
XRP/USD broke through several resistances and tested 0.58510
24.10.2023
Regulators in the U.S. dropped criminal charges against executives of blockchain company Ripple, which contributed to XRP buying from support near 0.48000, and the coin's price rose to the level of 0.58510. Breaking through resistance near 0.53000-0.55000 may indicate an improvement in the cryptocurrency's prospects and the potential for growth towards 0.60000-0.61000. However, bulls should be extremely cautious, as it is still not worth excluding the activation of bears on the growth.
XRP/USD returned to support after growth
18.10.2023
There were no changes in the situation of Ripple over the past week. The bulls attempted to rally, raising the price to the level of 0.51050 USD, but here, the coin was sold, bringing it back to the support near 0.48735. From it, attempts to break through to 0.49400-0.49800 are possible. In the short term, consolidation at the current levels may continue.
XRP/USD resumed its decline
10.10.2023
Sold from the level of 0.54790, Ripple declined to the support at 0.51900, after which it entered a consolidation phase, from which it exited yesterday amid renewed selling. Having broken through the support, the coin's price declined to 0.48773, after which its pullbacks were limited by the resistance at 0.50500. At the moment, the bears have broken the 0.50500 level, which increases the risks of retesting yesterday's low; passing this level will lead to a rise to 0.51000-0.51500.
XRP/USD sold off again on the growth
03.10.2023
Towards the end of the last month, whales were actively buying Ripple, on the background of which its value rose to 0.54890 USD, but this growth did not continue, and due to renewed sales, XRP fell to the support at 0.50700. The risks of breaking this support and falling towards 0.50000-0.49500 have increased significantly; passing 0.51500 will allow us to test 0.52000.
XRP/USD remains under pressure from bears.
26.09.2023
Another attempt of the XRP bulls to develop upward dynamics was limited by the resistance at 0.52500, and after testing it, the price of the coin, again under pressure, fell to the support at 0.49200. The nearest resistance is now at 0.50650, which indicates the risk of falling to 0.49200-0.49000; passing the resistance will provide growth to 0.51500.
XRP/USD returned to resistance.
19.09.2023
Ripple was redeemed on the fall to 0.45925, thanks to which it maintained positive dynamics during the week; on the background, it returned to resistance near 0.51145. From the current levels, the bears may try to regain control and test the support at 0.49500-0.49000; breaking the resistance will lead to growth towards 0.52500.
Ripple USD chart (live)
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Why is it important to know how the Ripple price changes against the U.S. dollar?
Ripple has a weak correlation with the price performance of Bitcoin, the first cryptocurrency. It is difficult to draw a parallel. This is primarily because the altcoin cannot be mined. The Ripple price is influenced by demand/supply at cryptocurrency exchanges, number of coins in circulation and emission, news related to the token, etc. Both bearish and bullish trends can form.
Trading XRP/USD allows traders to earn profit even with minor price fluctuations, although you need to continuously monitor the pair’s price chart to achieve that. Ripple price prediction for today by TU analysts will also come in handy.
FAQ
1
How is the XRP/USD forecast made?
Traders Union analysts use instruments of technical analysis (same as for traditional currency pairs) to predict the Ripple price against the U.S. dollar. These include support and resistance,
technical indicators, etc. By monitoring the latest Ripple price prediction made by professionals, traders are able to make informed trading decisions and adjust their strategy.
2
Can the XRP/USD forecast be trusted?
Experienced analysts of Traders Union work on making XRP/USD forecast. Technical analysis used for the price prediction is based on the statistical pattern of the price change. However, in order to find the best position entry and exit points, you also need to consider the impact of additional factors (news releases, situation with the SEC, etc.) on the XRP/USD price.
3
What factors influence the Ripple price chart?
The XRP/USD price is influenced by many factors, including:
• emission and number of coins in circulation;
• financial market volatility;
• decisions of the SEC;
• unplanned events and economic and political news.
• emission and number of coins in circulation;
• financial market volatility;
• decisions of the SEC;
• unplanned events and economic and political news.
4
How much does XRP correlate with BTC?
Ripple has a weak correlation with the price performance of Bitcoin, the first cryptocurrency. This is primarily because the
altcoin cannot be mined.