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<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-ready-to-hit-1-with-this-breakout-rally/" rel="noopener noreferrer nofollow">XRP Price Ready To Hit&nbsp; $1 With This Breakout Rally!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With Bitcoin on the verge of reaching the $73,000 mark, silent altcoins like XRP price are back in action. Forming a huge bullish candle to change the dynamic of the price chart, Ripple’s price jumped by 18% overnight.&nbsp;</p>
<p>Further, the trend reversal signals a high likelihood of the XRP price crossing the $1 mark. With the market reversal and the growing bullish sentiments, Will the Ripple price reach double digits? Find out more about our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">XRP price prediction</a>.</p>
<h2 class="wp-block-heading" id="h-will-ripple-cross-1">Will Ripple Cross $1?</h2>
<p>With the XRP price taking off from the 200-week EMA, the altcoin is preparing for a double-bottom breakout. Before doing so, the recent spike resulted in a triangle pattern breakout in the weekly chart.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" width="1600" height="720" src="https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90.png" alt="" class="wp-image-277568" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90-300x135.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90-1024x461.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90-768x346.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90-1536x691.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/12131014/image-90-150x68.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p>Source – <a href="https://www.tradingview.com/x/j8ALCKu4/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Crossing above the 23.60% Fibonacci level, the altcoin price starts the week on a bullish note and is ready to challenge the next 38.20% Fib level. Hence, a strong closing above the broken supply trendline will increase the possibility of an uptrend.&nbsp;</p>
<p>Currently, the XRP price trades at $0.70 with an intraday fall of 2.58% as a pullback of the overnight jump. With this short correction, the altcoin prepares to continue the prevailing trend.&nbsp;Further, the bullish engulfing candle from the 23.60% Fib level with a surge in trading volume supports the uptrend possibility.</p>
<p>Technical Indicator:</p>
<p>DMI: With this bullish jump, the ADX line spikes up, reflecting an increase in trend momentum. Further, the positive alignment of the VI lines gains a significant gap reflecting underlying bullishness.</p>
<h2 class="wp-block-heading" id="h-will-xrp-price-sustain-the-uptrend">Will XRP Price Sustain The Uptrend?</h2>
<p>The market price rises with a huge whale transferring 300,000,000 XRP tokens worth almost $187 Million from #Binance to an unknown wallet. Further, the improving sentiments support the bull run in Ripple.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 300,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (187,134,686 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/n6uoHsu3BZ" rel="noopener noreferrer nofollow">https://t.co/n6uoHsu3BZ</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1766024121635213448?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 8, 2024</a>
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<p>Considering the uptrend manages a double bottom breakout, the altcoin price can reach the $1.08 mark or the 50% Fib level.&nbsp;</p>

XRP Price Ready To Hit $1 With This Breakout Rally!

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