{"id":125956,"date":"2023-07-22T12:30:57","date_gmt":"2023-07-22T12:30:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-xrp-price-reclaim-1-milestone-before-july-end-crypto-news\/"},"modified":"2023-07-22T12:30:59","modified_gmt":"2023-07-22T12:30:59","slug":"will-xrp-price-reclaim-1-milestone-before-july-end-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-xrp-price-reclaim-1-milestone-before-july-end-crypto-news\/","title":{"rendered":"Will $XRP Price Reclaim $1 Milestone Before July End?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154987\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/22173749\/E11LV1T0-e1690027696551.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP Price Analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/22173749\/E11LV1T0-e1690027696551.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/22173749\/E11LV1T0-e1690027696551-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/22173749\/E11LV1T0-e1690027696551-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/22173749\/E11LV1T0-e1690027696551-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">XRP Price Analysis: <\/span><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/#:~:text=About%20XRP%20(XRP),the%20Coingape%20Crypto%20Price%20Page.\">XRP price<\/a> The recovery rally recently turned down from the $0.93 barrier and witnessed a sharp correction.  The exhausted bullish momentum plunged the coin price 28% down to the $0.069 mark and switched to sideways action.  However, the consolidation phase limited between two converging trendlines indicates the formation of a bullish continuation pattern called pennant.  Here&#8217;s how interested can ride the next leap in XRP.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-price-ripple-news-gemini-relisting\/\">Crypto Exchange Gemini Teases Hint Of XRP Relisting Soon<\/a><\/p>\n<h2><b>XRP Price Daily Chart:<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish reversal from the lower trendline suggests the XRP price may prolog sideways action for a few more days<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An upside breakout from the overhead trendline will set the altcoin for a 25% upswing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the XRP is $1.5 Billion, indicating a 32.1% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/E11LV1T0.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/E11LV1T0.png\" alt=\"XRP Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source: <\/span><span style=\"font-weight: 400;\">tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The XRP price shows the formation of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/pennant-pattern\/#:~:text=A%20pennant%20pattern%20has%20formed,the%20height%20of%20the%20flagpole.\">pennant pattern<\/a> in the 4-hour time frame chart.  This chart setup is considered a continuation pattern, indicating that the prevailing trend is likely to continue after a period of consolidation.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The coin price rebounded twice from the upper trendline and thrice from the lower indicating this pattern&#8217;s strong influence on market participants.  Therefore, the short-term sideways trend in XRP price will persist, until the two trendlines are intact.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">As of press time, the XRP price trades at $0.77 and is trying to gain another support from the lower trendline.  Thus, interested traders can wait for a breakout above the pattern&#8217;s resistance trendline before taking a long position in the market.<\/span><\/p>\n<h2><b>Will XRP Price Surpass the $1 Ceiling?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The narrowing range of the triangle pattern will soon lead the XRP price towards a breakout opportunity.  With the anticipated bullish breakout, the 4-hour candle closing above the overhead trendline will hint at the replenished bullish momentum and prolong the recovery rally to the $1.08 mark.  If the breakout triggers this weekend, the XRP buyers will have enough time to reach the target before July End.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">On a contrary note, a breakdown below the lower trendline will offset the bullish thesis.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fibonacci Retracement Level: <\/b><span style=\"font-weight: 400;\"> Amid the current correction, the XRP price showing sustainability above the 50% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/fibonacci-retracement\/\">FIB level<\/a> suggests the overall trend is bullish.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Relative Strength Index<\/strong>: The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> at 50% indicates a neutral sentiment among market participants.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154987\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154987\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago XRP Price Analysis: The XRP price The recovery rally recently turned down from the $0.93 barrier and witnessed a sharp correction. The exhausted bullish momentum plunged the coin price 28% down to the $0.069 mark and switched to sideways action. However, the consolidation phase limited between two converging trendlines indicates the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":125957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-125956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=125956"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125956\/revisions"}],"predecessor-version":[{"id":125958,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125956\/revisions\/125958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/125957"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=125956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=125956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=125956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}