2024

when

<ul> 
 <li><strong>XRP nears critical support line, suggesting a significant potential rally.</strong></li> 
 <li><strong>Technical indicators signal a bullish trend; whale moves 80M XRP.</strong></li> 
</ul>  
<p>According to the most recent research by cryptocurrency analyst Cryptobilbuwoo0 <a href="https://x.com/Cryptobilbuwoo0/status/1802926029792858117">via</a> X, XRP is about to have a big upward surge.</p> 
<p>A thorough chart analysis highlighting important technical indicators and historical patterns contrasts <a href="https://www.crypto-news-flash.com/sec-vs-ripple-xrp-price-reaction-and-settlement-outlook/" target="_blank" rel="noopener">XRP</a> against the whole cryptocurrency market cap, therefore highlighting this potential.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/xrp?src=hash&amp;ref_src=twsrc%5Etfw">#xrp</a> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw">#Ripple</a> <a href="https://twitter.com/hashtag/total?src=hash&amp;ref_src=twsrc%5Etfw">#total</a> <br>Looking at the XRP/Total chart, XRP has always risen significantly from the rebound line. Indicators are also calling the bulls. XRP always moves alone like a maverick. XRP’s showtime begins.<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e3.png" alt="🟣" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f55b.png" alt="🕛" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30a.png" alt="🌊" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/267e.png" alt="♾" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/2Tw8xRJoIU">https://t.co/2Tw8xRJoIU</a> <a href="https://t.co/qRZb97AbzL">pic.twitter.com/qRZb97AbzL</a></p> 
 <p>— (X)=chi (R)esurrected (P)=rho (@Cryptobilbuwoo0) <a href="https://twitter.com/Cryptobilbuwoo0/status/1802926029792858117?ref_src=twsrc%5Etfw">June 18, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-xrp-price-poised-to-bounce-strong"><strong>XRP Price Poised to “Bounce”</strong></h2> 
<p>Starting from its top in early 2018, a declining trendline is visible on the XRP/Total chart. Given its steady decline and progressively lower highs over the past several years, XRP has obviously followed a bearish path.</p> 
<p>Cryptobilbuwoo0’s research includes the “Bounce Back Line,” a horizontal support line that has traditionally served as a reversal point for XRP price activity. Remarkably, when <a href="https://www.crypto-news-flash.com/is-ripples-xrp-gearing-up-for-a-big-price-breakout/" target="_blank" rel="noopener">XRP</a> crosses this line multiple times, there are spectacular rebounds.</p> 
<p>In the most recent encounter with the “Bounce Back Line,” for example, on December 28, 2020, XRP shot up more than 1,100%, from $0.18 to $2.</p> 
<p>Comparably, in less than ten months, on February 27, 2017, XRP rose from slightly under $0.02 to $3.35. Now that XRP is getting close to this crucial support level once more, historical patterns are pointing to another big rise.</p> 
<h3 id="strong-current-market-data-strong"><strong>Current Market Data</strong></h3> 
<p>As of right now, CoinMarketCap data show that the price of <a href="https://www.crypto-news-flash.com/brics-plans-gold-backed-currency-launch-by-september-potential-boost-for-bitcoin-and-xrp/" target="_blank" rel="noopener">XRP</a> is at <strong>$0.5009</strong>, having slightly decreased by <span style="color: #ff0000;"><strong>0.26%</strong></span> during the previous day. Over the previous seven days, XRP has nevertheless remained positive, rising by <strong><span style="color: #339966;">3.17%</span></strong>.</p> 
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Going further into the study, Cryptobilbuwoo0 looks at the Wavetrend Indicator (WT Krypt) and the Relative Strength Index (RSI).</p> 
<p>Currently reaching the oversold area, the 14-day RSI is getting close to 31. This level has historically indicated either a buying opportunity or a trend reversal; it frequently corresponds with the “Bounce Back Line” and causes significant increases in price.</p> 
<h3 id="strong-wavetrend-indicator-insights-strong"><strong>Wavetrend Indicator Insights</strong></h3> 
<p>The Wavetrend Indicator confirms the positive prediction for XRP even more. When XRP hits new lows without the indicator following, these are known as bullish divergences and point to a slowing down of downward momentum.</p> 
<p>Furthermore, it is usually considered a bullish entry signal, suggesting possible higher price movement, when the wavetrend lines intersect recently (red crossing over blue).</p> 
<p>Relatedly, CNF just disclosed substantial whale activity, with <a href="https://www.crypto-news-flash.com/xrp-surges-amid-80m-whale-moves-what-it-means-for-future-prices/">80 million XRP</a> being transferred to exchanges. This big transfer might change the dynamics of the market for XRP, which would affect its price movement even more.</p>

XRP Price Poised for Major Rally: Key Indicators and Whale Moves

Table of Contents

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