However, the bullish growth of 2020, which began at the end of the year, helped the XRP price to rise. XRP’s price chart saw the coin reach $0.8 before the end of the year. This growth was supposed to continue at the beginning of 2021, but this could not happen due to the announcement of the SEC’s lawsuit. After that, the asset had reached the point of no return as it attracted the attention of crypto enthusiasts, who saw the value and potential of the XRP coin.
Remember to do your own research before deciding whether any cryptocurrency is a good investment or not. Before making a decision to purchase any cryptocurrency, it is important to research and analyze the project and do your own research (DYOR). This can include performing both a technical and fundamental analysis of the project.
- We present to you comprehensive short term as well as long term predictions for over crypto assets.
- As of now, XRP (XRP) price is $0.61 with XRP market capitalization of $32,823,672,590.62.
- BlackRock’s bitcoin spot filing triggered a flood of rival Wall Street giants to file for their own bitcoin funds, with the U.S.
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.
Will tap reach $100?
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. EGRAG CRYPTO noted XRP’s impressive performance, reminding that the asset closed two consecutive monthly green candles.
The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The XRP average price is expected to reach minimum and maximum prices of $1.35 and $1.57 respectively. Wallet Investor is one of the experts that are bearish on XRP’s price action — and crypto in general. They actually expect this coin’s price to go down according to their 1-year XRP forecast. However, they are still bullish on the price of XRP in the short term.
Currencies that are positively correlated with tap indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with tap, a move in one direction for tap would translate into a move in the opposite direction for the negatively correlated coin. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).
Currently, the RSI value is at 37.09, which indicates that the XTP market is in a neutral position. So far, its presale has raised $2.18 million, with the token price being only $0.214 per 1 MK. The token in question is called Meme Kombat (MK), and it offers to grant its users access to a new gaming platform explicitly designed for gaming enthusiasts. The downtrend appears to be a correction from the massive gains posted earlier this month after a rally past $0.7. The price maintains a bearish trend, as seen in the movement of the Relative Strength Index (RSI) line that currently tips south.
What is the tap price prediction for 2023?
However, a report by CoinDesk points out that Ripple’s recent acquisition of Metaco might have little to do with HSBC’s interest in the company. Metaco has been working on partnering xtp coin price prediction with the bank for over 18 months, according to the firm’s CEO, Adrien Treccani. Please remember to always do your own research before making any investment decisions.
Since the tap market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on tap’s price movements. It is expected that XRP price might meet a bull trend in the nearest future. We kindly remind you to always do your own research before investing in any asset. After years of analysis of the XRP price, crypto experts are ready to provide their XRP cost estimation for 2031.
XTP Forecast for next days
Ali holds a Master’s degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Business2Community, BeinCrypto, and more. Despite the recent bearish action, XRP buyers appear to be fighting for control as the MACD line remains in the positive zone. As such, developments like the partnership between Ripple subsidiary Metaco and HSBC could drive bullish momentum for XRP.
Is it smart to invest in Tap (XTP)?
Since the positive court ruling for Ripple Labs back in July, the company has picked up on its bid to form fresh partnerships with leading financial institutions around the world. Recently, XRP was announced as a recognized cryptocurrency by Dubai International Finance Centre (DIFC). The move allows banks in Dubai to transact using XRP, which joins an exclusive list of crypto assets that also includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Toncoin (TON). When trying to make a tap forecast, many traders also try to monitor the activity of XTP “whales”, which are entities and individuals that control large amounts of XTP.
Bitcoin is braced a Wall Street earthquake, which some expect to play havoc with the bitcoin price. The bitcoin price has more than doubled since November last year (with recent events suggesting 2024 could be even more impactful). Ali is a professional journalist with experience in Web3 journalism and marketing.
The website may include advertisements and other promotional content, and CryptoPredictions may receive compensation at no extra cost to you from these ads. Just like with any other asset, the price action of tap is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of XTP.
Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Investing in Tap, XTP will purely depend on your personal risk appetite. As you can see over the past 24 hours Tap’s price has witnessed a -2.88% decrease and over the past 30 days Tap has decrease by -31.11%.