{"id":420354,"date":"2024-09-04T06:30:37","date_gmt":"2024-09-04T01:00:37","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=420354"},"modified":"2024-09-03T20:02:28","modified_gmt":"2024-09-03T14:32:28","slug":"will-xrp-skyrocket-15-what-key-levels-suggest","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-xrp-skyrocket-15-what-key-levels-suggest\/","title":{"rendered":"Will XRP skyrocket 15%? What key levels suggest"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">XRP\u2019s Relative Strength Index (RSI) formed a bullish divergence, signaling a bullish trend.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Following the breakout of the descending trendline there is a high possibility that XRP could soar by 15%.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In this bearish market sentiment, <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\" target=\"_blank\" rel=\"noopener\">Ripple [XRP]<\/a> looked bullish as its on-chain metrics indicated that its price was poised to skyrocket. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since August 2024, XRP, along with other major cryptocurrencies experienced a massive price decline, potentially due to the significant drop in <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\">Bitcoin&#8217;s [BTC]<\/a> price.<\/span><\/p>\n<h2><b>XRP could rise by 15%<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Looking at the XRP\u2019s key on-chain metrics, a recent trendline breakout and bullish divergence on the chart have created a bullish outlook for the token.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> However, there is a high possibility that it could soar by 15% in the coming days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto&#8217;s analysis, XRP has recently taken support from the crucial level of $0.55 and the 200 Exponential Moving Average (EMA) on a daily time frame.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since July 2024, XRP has revisited this support level multiple times, and each time it has experienced a price surge of almost 14%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This time, there is a high possibility that history might repeat itself and XRP could reach the $0.65 level or even more.<\/span><\/p>\n<figure id=\"attachment_420356\" aria-describedby=\"caption-attachment-420356\" style=\"width: 1814px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122.png\"><img decoding=\"async\" class=\"wp-image-420356 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122.png\" alt=\"XRP price action \" width=\"1814\" height=\"800\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122-300x132.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122-1024x452.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122-768x339.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122-1536x677.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRPUSDT_2024-09-03_15-41-52-e1725358370122-1200x529.png 1200w\" sizes=\"(max-width: 1814px) 100vw, 1814px\" \/><\/a><figcaption id=\"caption-attachment-420356\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Meanwhile, on a four-hour time frame, XRP recently gave a breakout of the trendline. Additionally, its Relative Strength Index (RSI) formed a bullish divergence, signaling a bullish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the recent market downturn, XRP\u2019s price formed a lower low, while its RSI has made higher lows, resulting in this bullish divergence. Traders and investors view this as a potential buy signal.\u00a0<\/span><\/p>\n<h2><b>On-chain metrics\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to the data from the on-chain analytic firm CryptoQuant, XRP\u2019s exchange reserve was at its lowest level, which potentially supported this bullish outlook. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A decline in exchange reserves or a lower level indicated that investors or whales were accumulating tokens from the exchanges, leading to a continuous decrease in reserves.<\/span><\/p>\n<figure id=\"attachment_420357\" aria-describedby=\"caption-attachment-420357\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4.png\"><img decoding=\"async\" class=\"size-full wp-image-420357\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4.png\" alt=\"XRP Ledger Exchange Reserve \" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-2048x1152.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/XRP-Ledger-Exchange-Reserve-Binance-4-1200x675.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-420357\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, CryptoQuant&#8217;s <a href=\"https:\/\/cryptoquant.com\/asset\/xrp\/chart\/exchange-flows\/exchange-inflow?exchange=binance&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\">XRP exchange inflow<\/a> was comparatively lower than on other days, indicating a buying opportunity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, the major liquidation levels are near $0.555 on the lower side and $0.59 on the upper side, as traders are over-leveraged at these levels, according to the CoinGlass data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the market sentiment changes and the XRP price rises to the $0.59 level, nearly $6.8 million worth of short positions will be liquidated.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/ripple-price-prediction\">Ripple&#8217;s [XRP] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Conversely, if the sentiment remains bearish and the price falls to the $0.555 level, approximately $7.6 million worth of long positions will be liquidated.\u00a0<\/span><\/p>\n<figure id=\"attachment_420359\" aria-describedby=\"caption-attachment-420359\" style=\"width: 1477px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv.png\"><img decoding=\"async\" class=\"size-full wp-image-420359\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv.png\" alt=\"major liquidation levels\" width=\"1477\" height=\"632\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv.png 1477w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv-300x128.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv-1024x438.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv-768x329.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/09\/zxcv-1200x513.png 1200w\" sizes=\"(max-width: 1477px) 100vw, 1477px\" \/><\/a><figcaption id=\"caption-attachment-420359\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Thus, bulls were dominating the asset at press time, having the potential to liquidate short positions.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple&#8217;s native token XRP looks bullish as its on-chain metrics indicate that its price is poised to skyrocket.<\/p>\n","protected":false},"author":97,"featured_media":420376,"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":[6427,6428],"class_list":["post-420354","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","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>XRP price poised to skyrocket? 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