{"id":376209,"date":"2024-03-14T02:00:53","date_gmt":"2024-03-13T20:30:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=376209"},"modified":"2024-03-14T02:54:01","modified_gmt":"2024-03-13T21:24:01","slug":"why-xrp-might-begin-a-bull-rally-sooner-than-expected","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/why-xrp-might-begin-a-bull-rally-sooner-than-expected\/","title":{"rendered":"XRP&#8217;s rally &#8211; Now or later? What these price predictions say"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">XRP was up by more than 13% in the last seven days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Most on-chain metrics looked bullish on the token.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After a comfortable weekly bull rally, <\/span><a href=\"http:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Ripple&#8217;s [XRP]<\/span><\/a><span style=\"font-weight: 400;\">\u00a0price growth rate slowed down in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, XRP might just be able to recover from that and start yet another rally in the coming week if one condition is met.\u00a0<\/span><\/p>\n<h4><b>XRP needs to cross a critical level<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a>, XRP\u2019s value surged by more than 13% in the last seven days. However, the gaining spree ended as the token\u2019s price had only moved marginally in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, Cryptoes, a popular crypto analyst, recently posted a <\/span><a href=\"https:\/\/twitter.com\/cryptoes_ta\/status\/1767738799386238993?t=j1ZtuzH9ReGTdAtLVCSS3g&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting a key resistance level for XRP. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The chart pointed out that the token has been hitting lower highs for quite some time, which is a typical bearish signal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, XRP must cross the $0.6933 mark before the 17th of March if the token has to kickstart another bull rally.<\/span><\/p>\n<p>But the rally may begin sooner than we expect. This was because, at press time, XRP had already broken above the resistance zone.<\/p>\n<p>At the time of writing, the token was trading at $0.6982 with a market capitalization of over $38.2 billion, making it the sixth-largest crypto.<\/p>\n<p>While the token\u2019s value gained bullish momentum, its trading volume also increased. AMBCrypto <a href=\"http:\/\/ambcrypto.com\/both-xrp-and-litecoin-surge-18-and-fall-6-but-is-there-a-clear-winner\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> earlier that XRP saw a sharp increase in trading volume, hitting levels not seen in months.<\/p>\n<h4><b>Is a bull rally inevitable?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">To see whether this breakout would translate into a bully rally, AMBCrypto took a look at the token\u2019s on-chain metrics. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to the price uptick, bullish sentiment around the token increased as its Weighted Sentiment moved up. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors increased their accumulation, which was evident from the massive spike in its Exchange Outflow. Another bullish metric was the MVRV ratio, as it also increased.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Additionally, the token\u2019s Network Growth remained high, meaning that more addresses were created to transfer the token.\u00a0<\/span><\/p>\n<figure id=\"attachment_376212\" aria-describedby=\"caption-attachment-376212\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024.png\"><img decoding=\"async\" class=\"wp-image-376212 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024.png\" alt=\"XRP's metrics look bullish\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-Ledger-XRP-14.56.22-13-Mar-2024-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-376212\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">AMBCrypto then took a look at the token\u2019s daily chart to check what indicators suggested. XRP\u2019s Money Flow Index (MFI) registered a sharp uptick.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">XRP market cap in BTC&#8217;s terms<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Its MACD displayed a clear bullish advantage in the market, hinting at a further price rally in the coming days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, the token\u2019s price touched the upper limit of the Bollinger bands at press time, which suggested that selling pressure on XRP might increase.\u00a0<\/span><\/p>\n<figure id=\"attachment_376213\" aria-describedby=\"caption-attachment-376213\" style=\"width: 2236px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11.png\"><img decoding=\"async\" class=\"wp-image-376213 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11.png\" alt=\"\" width=\"2236\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11.png 2236w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11-300x203.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11-1024x694.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11-768x521.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11-1536x1041.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRPUSDT_2024-03-13_14-59-11-2048x1389.png 2048w\" sizes=\"(max-width: 2236px) 100vw, 2236px\" \/><\/a><figcaption id=\"caption-attachment-376213\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>XRP broke above a critical resistance level, which might help the token start a bull rally<\/p>\n","protected":false},"author":75,"featured_media":376218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,4,20],"tags":[],"class_list":["post-376209","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>XRP&#039;s rally - Now or later? 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What these price predictions say - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/why-xrp-might-begin-a-bull-rally-sooner-than-expected\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/why-xrp-might-begin-a-bull-rally-sooner-than-expected\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-to-start-a-bull-rally-.jpg","datePublished":"2024-03-13T20:30:53+00:00","dateModified":"2024-03-13T21:24:01+00:00","description":"After a comfortable weekly bull rally, XRP\u2019s price growth rate slowed down in the last 24 hours but things might get better","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/why-xrp-might-begin-a-bull-rally-sooner-than-expected\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/why-xrp-might-begin-a-bull-rally-sooner-than-expected\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-to-start-a-bull-rally-.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/XRP-to-start-a-bull-rally-.jpg","width":1164,"height":665,"caption":"Why XRP might begin a bull rally sooner than expected\u00a0"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/a3c1a47ad2d3e2a023516862993813cd","name":"Dipayan Mitra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG_20230322_164923565_2-scaled-e1679645058899-150x150.jpg","caption":"Dipayan Mitra"},"description":"Dipayan is a full-time journalist at AMBCrypto. 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