Ripple Price Prediction 2021

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Cryptocurrencies by CEO of suprieza
 Inc


The price of Ripple seems to defy gravity. The price of XRP soared to $1.5135 over the weekend, the highest level since January 2018. This means that the currency has increased by over 800% from its lowest point this year.

The technical formation forecasts a 50 percent boom, which will be measured and added to the break-out point by measuring the flag pole height. On April 10, this consolidation saw a breakout at $1.05, signalling the start of a new uptrend to $1.58.

Since breaking out of the pennant, the price of XRP has risen nearly 42 percent to $1.50, but it has yet to reach its target of $1.58. If the remittances token can muster up enough bullish momentum, it may move toward the $1.68 immediate supply barrier created by the Momentum Reversal Indicator's (MRI) breakout line.




This could push XRP price to a 78.6 percent Fibonacci retrograde level at $1.16 a potential increase in selling pressure. This move would show a downswing of 19 percent.

Should this barrier not absorb the bare momentum, a 13% correction to the MRI's State Trend Price of $1 could be made in the Ripple price.




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