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XRP Price Prediction: What to Expect in the Next 48 Hours

Published 10/19/2023, 09:55 PM
Updated 10/19/2023, 10:15 PM
© Reuters. XRP Price Prediction: What to Expect in the Next 48 Hours
XRP/USD
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  • XRP’s price dropped by 2.02% over the past 24 hours and was trading at $0.4798 at press time.

  • A symmetrical triangle formed on XRP’s 4-hour chart suggests that it may break out soon.

  • XRP’s price will need to overcome a medium-term negative trend line before it can rise in the next few days.

The whale tracking platform Whale Alert revealed in an X (formerly Twitter) post yesterday that 30,100,000 XRP was sent from an unknown wallet to the Bitstamp cryptocurrency exchange platform. According to the post, the value of the tokens sent was around $14.7 million.

XRP Current Market Standing

Ripple (XRP) is ranked as the fifth biggest cryptocurrency based on its market cap, according to CoinMarketCap. It experienced a 2.02% decrease in price over the last 24 hours, taking its price down to $0.4798 at press time. This also put its total market cap at approximately $25.640 billion.

The 24-hour loss was enough to push XRP’s weekly performance into the red zone. Consequently, the remittance token’s price …

The post XRP Price Prediction: What to Expect in the Next 48 Hours appeared first on Coin Edition.

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