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Home»Altcoins»XRP Price to Hit the $1 Mark in August 2023? Analyst Predicts 2023 Outlook
Altcoins

XRP Price to Hit the $1 Mark in August 2023? Analyst Predicts 2023 Outlook

2023-04-11No Comments2 Mins Read
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XRP is now hoping to conclude the week on a high note after a volatile. After hitting its yearly high on March 29, the price of XRP entered a consolidation phase. Following a rejection from the $0.530 resistance area, the consolidation started. Yet, a dip for ripple information ripple m***[email protected] Crypto / Blockchain SolutionPayment solution was a chance for long-term investors before it emerged from its several-month consolidation phase.

But, there are signs that the price may soon start moving higher again. Dark Defender, a trader, and analyst claims on Twitter that XRP has now broken over an initial resistance and is retesting.

Hi all. #XRP had the initial break just before our target 31-Mar & hit the target of $0.5437.

1. XRP has broken the initial resistance.

2. Nobody like re-tests, but currently, we are in it unless we can’t break $0.54

3. The second significant Resistance will be between $1.42 -… pic.twitter.com/jrmCI0bb2G

— Dark Defender (@DefendDark) April 9, 2023

He said, “XRP has broken the initial resistance. Nobody likes re-tests, but currently, we are in it unless we can’t break $0.54. The second significant Resistance will be between $1.42 – $1.85. This pattern will continue above $22 in days if we break the final Resistance. I expect a second strong move towards $1+ on or before 23-August-23, based on the below the historical pattern and Elliott Waves we discussed before.”

For almost a year, the price of XRP has been stable between the $0.53 and $0.28 levels. If the analyst’s predictions hold true, then XRP price will witness a 50 percent jump in the price from the current levels. At the time of writing, XRP is trading at $0.50. 

See also  Trader Says AI-Focused Altcoin Gearing Up for Big Breakout, Updates Outlook on XRP, Stellar and Fantom

Also Read: Ripple Price Prediction 2023, 2024, 2025: Will XRP Price Reach $1 By The End Of 2023?

Although XRP has been maintaining a positive upward trajectory, any unfavorable news that may follow the much-awaited summary ruling will surely affect the price and overall direction, Despite the fact that many experts and industry watchers have projected a victory for Ripple, the uncertainty surrounding the lawsuit may cause the price of the coin to fluctuate in the coming days. While some expect a decision by May 6 or before, others concede the SEC has one plausible argument.

Analyst August Hit Mark Outlook Predicts Price XRP
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