{"id":2506,"date":"2024-06-10T12:11:09","date_gmt":"2024-06-10T12:11:09","guid":{"rendered":"https:\/\/cryptd.in\/this-is-what-you-need-to-know-about-ripple-xrp-this-week\/"},"modified":"2024-06-10T12:11:09","modified_gmt":"2024-06-10T12:11:09","slug":"this-is-what-you-need-to-know-about-ripple-xrp-this-week","status":"publish","type":"post","link":"https:\/\/cryptd.in\/ru\/this-is-what-you-need-to-know-about-ripple-xrp-this-week\/","title":{"rendered":"This is What You Need to Know About Ripple (XRP) This Week"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<p>XRP dropped to $0.48 and recovered to nearly $0.50. Analysts predict potential rallies to $1.50 and $6.50-$7.50.<br \/>\nSome foresee short-term declines due to upcoming US CPI data, but expect long-term gains. The RSI metric suggests a possible rebound.<\/p>\n<h2><span><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/XRP_CB-10.jpg\"><\/a><\/span><\/h2>\n<h2>XRP\u2019s Next Possible Move<\/h2>\n<p><span>Ripple\u2019s XRP has been quite shaky in the past several weeks, with its price dipping by 6% on a 14-day scale. The asset was significantly affected by the latest market correction, dropping to as low as $0.48 on June 7. It reclaimed some lost ground in the following days and is currently trading at almost $0.50 (per CoinGecko\u2019s data).<\/span><\/p>\n<p><span>However, the negative trend has not stopped bullish analysts from speculating that XRP is on the verge of a substantial price rally. The X user EGRAG CRYPTO <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/egragcrypto\/status\/1800073516173152259\/photo\/1\" target=\"_blank\" rel=\"noopener\"><span>\u0441\u0447\u0438\u0442\u0430\u0435\u0442<\/span><\/a><span> the asset will break a specific pattern depicted as \u201cthe White Triangle\u201d and rise to $1.50.\u00a0<\/span><\/p>\n<p><span>Later on, XRP could jump to $6.50-$7.50 should it surpass the Fib 1.618 zone. According to the trader, this is when many investors will start taking profits.\u00a0<\/span><\/p>\n<p><span>Matthew Dixon chipped in, too, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/mdtrade\/status\/1800052582452240488\" target=\"_blank\" rel=\"noopener\"><span>arguing<\/span><\/a><span> that XRP \u201cis still coiling in the form of a correction and may be driven lower short term before a powerful spring higher <\/span><span>is anticipated<\/span><span>.\u201d<\/span><\/p>\n<p><span>He thinks a possible elevated US CPI data later this week could trigger a price decline for the token. However, holders \u201cwill likely be rewarded when interest rates\u201d eventually start decreasing, Dixon added.<\/span><\/p>\n<p><span>The US Bureau of Labor Statistics <\/span><span>is set to<\/span><span> release the latest Consumer Price Index on June 12. The Federal Open Market Committee (FOMC) meeting, which decides whether interest rates in the United States should be raised, lowered, or kept at the same level (currently 5.25% to 5.50%) is scheduled for the same day.<\/span><span> Both events have historically <\/span><span>been followed<\/span><span> by enhanced volatility in the cryptocurrency market.<\/span><\/p>\n<p><span>It is worth mentioning that not all analysts envision a bright future for XRP. Not long ago, the X user Jason A. Williams\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/GoingParabolic\/status\/1798048619498746034\" target=\"_blank\" rel=\"noopener\"><span>\u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u0443\u0435\u043c\u044b\u0439<\/span><\/a><span> that the asset\u2019s value could plummet to $0.27 during the next bull cycle. In contrast, they expect a new all-time high of $336,000 for Bitcoin (BTC) and a fresh peak of $12,000 for Ethereum (ETH).<\/span><\/p>\n<h2><span>Observing an Important Indicator<\/span><\/h2>\n<p><span>One <\/span><span>\u0433\u043b\u0430\u0432\u043d\u0430\u044f<\/span><span> on-chain metric suggesting that XRP is facing better days ahead is the Relative Strength Index (RSI). The technical analysis tool measures the speed and change of price movements and identifies whether the asset is oversold or overbought.\u00a0<\/span><\/p>\n<p><span>It ranges from 0 to 100, and a ratio above 70 indicates that XRP could be headed for an imminent pullback. The RSI dropped to a multi-low of 22 a few days ago, while currently it <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/XRP\" target=\"_blank\" rel=\"noopener\"><span>stands<\/span><\/a><span> at 38.<\/span><\/p>\n<p>\u041f\u043e\u0441\u0442 <a href=\"https:\/\/cryptopotato.com\/this-is-what-you-need-to-know-about-ripple-xrp-this-week\/\">This is What You Need to Know About Ripple (XRP) This Week<\/a> \u043f\u043e\u044f\u0432\u0438\u043b\u0438\u0441\u044c \u0441\u043d\u0430\u0447\u0430\u043b\u0430 \u043d\u0430 <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP dropped to $0.48 and recovered to nearly $0.50. Analysts predict potential rallies to $1.50 and $6.50-$7.50. Some foresee short-term declines due to upcoming US CPI data, but expect long-term gains. The RSI metric suggests a possible rebound. XRP\u2019s Next Possible Move Ripple\u2019s XRP has been quite shaky in the past several weeks, with [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2506","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This is What You Need to Know About Ripple (XRP) This Week - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/ru\/this-is-what-you-need-to-know-about-ripple-xrp-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This is What You Need to Know About Ripple (XRP) This Week - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR XRP dropped to $0.48 and recovered to nearly $0.50. Analysts predict potential rallies to $1.50 and $6.50-$7.50. Some foresee short-term declines due to upcoming US CPI data, but expect long-term gains. The RSI metric suggests a possible rebound. 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