XRP Price Prediction: XRP Could Spike to $2.6 If FOMO Makes Its Magic
Looking at the daily chart, the market’s recovery alongside this “Britto boost” has pushed XRP back above its key psychological support of $2 per token.
Trading volumes have been above the average in the past 3 days, which could be the reason why this 24-hour volume register is not reflective of how high traders’ interest is at the time.
Now that the price has moved above this support level, it seems poised to retest the nearest resistance at $2.33. Momentum indicators favor a bullish XRP price prediction as well since the Relative Strength Index (RSI) has moved above the 14-day moving average.
Despite the latest drops, the 9-day and 21-day exponential moving averages (EMAs) have managed to stay above the 200-day EMA. This is a positive sign that buying interest below $2 remains quite strong.
Britto’s reappearance could ignite a short squeeze if this bullish momentum continues to gain traction in the next few days and could end up propelling the token to $2.6 by the end of the week.
Maybe XRP will not reach $5 just yet but the most promising crypto presales like SUBBD (SUBBD) do have the chance to outperform well-established projects like XRP this year as they offer a higher upside potential to early buyers.