bullish

XRP price was largely considered dead as it barely moved regardless of the market dynamics, which varied frequently. The drop in volume and volatility often suggested a significant shift of focus of the market participants onto the other platforms. However, the current trend suggests the price is about to make a large move as it has broken a 2-month accumulation period. The upcoming price action is expected to circulate bullish waves across the market, but the question arises: will the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> reach $1 before the end of 2024?  
The XRP price has remained within a bullish range, even though the price failed to demonstrate giant moves similar to the other tokens. The token is testing the upper resistance of the descending trend line, which has been acting as a strong resistance since the time it faced rejection after hitting the highs in 2021. Interestingly, the price has followed a similar pattern since its inception, and if a similar outcome occurs, the XRP price may set a new ATH in 2025.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfSLarmTZ5N0412Gu8cGl_j6a3lA0xWd8-h1hGghxjGjzZOc0GaHtCBUsagRQmd_vUrwnmWTgvZ2Xnr05hKObD0JwH5_nVHOctYcE_FDSEyDIhQBppuSi2_fDfTkeYmPBoBa_CZvc2KpDl_Z_6sQyUXt_iZ?key=32Nof5zvd7IER-XPClWeqw" alt="">
</figure>  
In the long-term chart displayed above, the XRP price appears to be preparing for a massive move as it is about to close the monthly trade on a bullish note. It has been following a trend wherein the trade begins by a breakout from the multi-year descending pattern, which further elevated the price towards new highs. The monthly RSI has risen above the average range above 51 for the first time in 2024, which is believed to trigger a fresh ascending trend hereafter.&nbsp;  
Secondly, the Bollinger bands have been going parallel to each other regardless of being in the same position for nearly a year. This suggests the XRP price is believed to trigger a fine ascending trend if it manages to close the monthly trade above the triangle. The breakout usually pushes the XRP price to new highs as the trend remains elevated for the next few months, hinting towards the formation of a new ATH above $3.5 in 2025.&nbsp;

Coinpedia Fintech News

CoinPedia News

Other articles published on Sep 30, 2024

BitcoinCash Weekly News September 30th 2024 by the BCHF

Ethereum Liquid Staking Surges Past 14M ETH with 1.77M Added in 2024

Bitcoin And Altcoins Are Plummeting Dramatically!

Brett (BASED) Expected To Continue Growth As Crypto Experts Add Pick Cutoshi (CUTO) To Their Watc...

Native USDC and Cross-Chain Transfer Protocol are Coming to Sui

Kasikornbank launches first licensed Thai digital asset custodian

Join our free newsletter for daily crypto updates!