bullish

Show

Gains

<p><a href="https://captainaltcoin.com/3-reasons-why-grayscales-launch-of-xrp-trust-is-huge-for-xrp-price/" target="_blank">The Grayscale XRP Trust’s introduction</a> has piqued interest in the crypto sector, prompting questions regarding XRP’s potential price swings. With Grayscale’s XRP Trust launched and Ripple’s legal dispute against the SEC settled, there is every cause for hope regarding the possibility of a price surge.&nbsp;</p> 
<p>The <a href="https://x.com/Grayscale/status/1834216141444841951" target="_blank" rel="nofollow">announcement of the Grayscale XRP Trust</a> has ignited bullish sentiment among XRP enthusiasts. Several voices in the crypto space, such as Cryptoassetsguy and APE GOAT, have shared their optimism on X.&nbsp;</p> 
<p>APE GOAT <a href="https://x.com/TheApeGoat/status/1834217207460397132" target="_blank" rel="nofollow">tweeted</a>, “Damn $XRP ETF news bullish AF,” expressing his positive perception toward the launch.&nbsp; Moreover, Cryptoassetsguy underlined the broader effects of Grayscale’s action.&nbsp;</p> 
<p>He noted the possibility of an <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> ETF, the continuous Ripple relationships with big institutions, and the XRP Ledger’s efficiency. These elements could be favorable for XRP’s long-term expansion.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Every <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a> holder must read these bullish facts: <br><br>• Grayscale paving the way for an XRP ETF<br><br>• RLUSD will bring massive liquidity<br><br>• The SEC v Ripple case is finally over <br><br>• Ripple has partnerships with the most powerful banks and corps in the world<br><br>• The XRPL is the…</p>— Crypto Assets Guy (@cryptoassetsguy) <a href="https://twitter.com/cryptoassetsguy/status/1834230185018741200?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 12, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="strong-xrp-price-analysis-and-projections-strong"><strong>XRP Price Analysis and Projections</strong></h2> 
<p>An analysis of XRP reveals&nbsp; the price is trading around the 0.5 Fibonacci level at $0.56337, a critical zone that could act as either support or resistance.&nbsp;</p> 
<p>A break above the 0.618 level at $0.60624 would signal a potential upward trend, with a possibility of testing the 0.786 level at $0.66726. If XRP continues to move higher, its price may challenge the $0.74501 mark, an area that is crucial for continued uptrend.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="642" src="https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-1024x642.png" alt="" class="wp-image-554253" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-1024x642.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-767x481.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-1536x963.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-2048x1284.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-239x150.png 239w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-558x350.png 558w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804-788x493.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130152.804.png 1404w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  <strong>Source: </strong><a href="https://www.tradingview.com/x/S67rt9TC" target="_blank" rel="nofollow"><strong>TradingView</strong></a>
 </figcaption>
</figure> 
<p>Additionally, Bollinger Bands analysis indicates that <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="nofollow">XRP recently bounced</a> off the lower band around $0.52, suggesting that some relief buying has taken place. The upper Bollinger Band sits around $0.66, aligning with key resistance levels indicated by the Fibonacci retracement.</p> 
<h2 class="wp-block-heading" id="strong-macd-rsi-and-volume-insights-strong"><strong>MACD, RSI, and Volume Insights</strong></h2> 
<p>In terms of momentum indicators, the MACD line has crossed above the signal line, signaling early signs of bullish momentum. While the histogram remains slightly negative, this crossover could suggest an upward shift in market sentiment.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="642" src="https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-1024x642.png" alt="" class="wp-image-554271" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-1024x642.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-767x481.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-1536x963.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-2048x1284.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-239x150.png 239w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-558x350.png 558w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710-788x493.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/unnamed-2024-09-13T130326.710.png 1404w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  <em><strong>Source: </strong></em><a href="https://www.tradingview.com/x/Vh44Ihmw" target="_blank" rel="nofollow"><strong><em>TradingView</em></strong></a>
 </figcaption>
</figure> 
<p>However, the low trading volume indicates that for XRP to break above key resistance levels, more buying pressure is needed. The RSI for XRP is neutral at 52.63, meaning the asset is neither overbought nor oversold.&nbsp;</p> 
<p>This leaves room for further price action without facing immediate exhaustion. If the RSI crosses above 60, it would suggest stronger bullish momentum.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><strong><a href="https://doge2014.io" target="_blank" rel="nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/best-meme-coins-to-buy-now/" target="_blank"><strong><em>Best Meme Coins to Buy Now for Explosive 10x Gains in 2024 and Beyond</em></strong></a></p> 
<h2 class="wp-block-heading" id="strong-what-does-the-future-hold-strong"><strong>What Does The Future Hold?</strong></h2> 
<p>XRP continues to react to the positive announcements about the SEC settlement and the Grayscale XRP Trust. The first obstacle to substantial increases is the 0.60624 Fibonacci level; support still rests at the 0.56337 and 0. 52050 levels.</p> 
<p>Should a downside reversal take place, XRP might challenge support between $0.46 and $0.48 before stabilizing. Grayscale’s trust launch combined with the resolved legal concerns has produced a good atmosphere for XRP overall.&nbsp;</p> 
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noreferrer noopener nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noreferrer noopener">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noreferrer noopener">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noreferrer noopener nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank">Take 2 mins to learn more</a></strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/where-is-the-xrp-price-headed-next-following-grayscales-launch-of-xrp-trust/">Where Is The XRP Price Headed Next Following Grayscale’s Launch of XRP Trust?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Where Is The XRP Price Headed Next Following Grayscale’s Launch of XRP Trust?

Table of Contents

CaptainAltcoin

Other articles published on Sep 13, 2024

These 5 Altcoins Are Your Ticket to Wealth – Keep Them in Your Wallet!

Can These Cryptos Lead the Market in 2024?

Fed Indicates Upcoming Interest Rate Reduction

Kraken Demands Jury Trial in SEC Lawsuit Over Digital Assets

Top 10 Blockchains By YoY Transaction Growth

Borderless Summit to Explore the Era of Consumer-First Web3 During TOKEN2049 Singapore

Join our free newsletter for daily crypto updates!