• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    ADA/USD

    ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin Will Remain Bullish as long as SMA Support is Intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    MicroStrategy

    MicroStrategy defies market dip, buys $10m more Bitcoin

    Cardano price

    Cardano price prediction: ADA to fall to $0.800

    crypto ban

    FCA Crypto Ban: Bybit suspends services to UK

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    ADA/USD

    ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

    Litecoin Price Prediction

    Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

    Crypto market

    Crypto market: Thailand to set new regulations amid high interest

    XRP/USD Price Prediction

    XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

    Bitcoin price movement

    Bitcoin Price Prediction: Bitcoin Will Remain Bullish as long as SMA Support is Intact

    Bitcoin price analysis Tight price range halts uptrend as $46K support holds

    Bitcoin price analysis: Tight price range halts uptrend as $46K support holds

    MicroStrategy

    MicroStrategy defies market dip, buys $10m more Bitcoin

    Cardano price

    Cardano price prediction: ADA to fall to $0.800

    crypto ban

    FCA Crypto Ban: Bybit suspends services to UK

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ripple News

Ripple price prediction: XRP to reach $0.256

Taha Farooqui by Taha Farooqui
October 28, 2020
in Ripple News
4 min read
Ripple price prediction: XRP to reach $0.256
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

The Ripple price prediction by Solldy has depicted an increase in the price towards the $0.256 mark. The cryptocurrency reached the $0.253 level on the 27th of October.

1-Day Ripple price analysis

Ripple price chart 1 - 27 October
Ripple price prediction chart by Trading View

The price was observed at a day’s high of $0.254. XRP was priced at $0.252 at the time of writing.

Ripple price prediction: Rise towards $0.264 next?

The trade chart below shows that the price is traveling over an ascending trendline from the start of October. The cryptocurrency has recently bounced above the trendline and entered long opportunity trade at the entry level $0.251.

RelatedPosts

XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

XRP ledger that supports CBDC coming soon

XRP holders suffer $15billion in damages due to SEC’s action, Ripple reports

Ripple price slide continues

Ripple price chart 2 - 27 October
Ripple price prediction chart by Trading View

Solldy is of the opinion that the price will ascend above the $0.264 mark soon. The stop-loss for this trade is marked below the ascending trendline, at $0.243. This means that if the cryptocurrency falls below the trendline and moves towards the stop-loss, the trade will be invalidated. The take profit lies at the rising resistance level at $0.264. The cryptocurrency has been testing and falling back from this resistance from mid-September.

What to expect from Ripple?

XRP appears to be trading inside an ascending channel and the cryptocurrency recently completed the E wave leg above the neckline found in Vince Prince’s channel. The analyst expects the price to complete a wave count below the neckline, or if the market turns bullish, the price will break above the neckline and move towards the upper boundary of the channel.

Ripple price chart 3 - 27 October
Ripple price prediction chart by Trading View

Currently, it is unsure whether the price will posses enough momentum to break out of the neckline or not. However, if the breakout occurs, this will result into a C wave and the price will rise above the major channel, and then return towards the broken trend line afterwards. Each of the scenarios drawn lead to an E wave at the end, where the price either rises above the channel, or stays below it and then eventually sees a pullback.

Will Ripple fall to $0.245?

Ripple trades within the $0.245 to $0.252 range on YM Group’s chart for the pair. The price has been trading near the upper resistance structure, and the analyst believes that the price will fall towards the support level soon.

Ripple price chart 4 - 27 October
Ripple price prediction chart by Trading View

The support level for this setup was marked as a horizontal line at $0.245. The cryptocurrency confirmed this support after falling on the 26th of October. After this fall, the cryptocurrency returned above the $0.25 mark and has been trading there ever since. Per the analyst, this is a short opportunity for XRP and the price will move downwards.

What’s next for the XRP price?

The Trading View analyst Gold Trader believes that the price is inside a descending channel, which lies inside a bigger ascending channel.

Ripple price chart 5 - 27 October
Ripple price prediction chart by Trading View

The cryptocurrency is expected to break above the falling channel and reenter the greater channel to rise upwards. Per the analyst, the lower boundary of the greater channel is expected to allow the price to break above the small channel after XRP bounces off. A cross also appeared between the 21-Day Moving Average and the 50-Day Moving Average.

Disclaimer: The information provided is not a trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

XRP/USD Price Prediction
Ripple News

XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

March 6, 2021
XRP ledger
News

XRP ledger that supports CBDC coming soon

March 5, 2021
XRP holders
Ripple News

XRP holders suffer $15billion in damages due to SEC’s action, Ripple reports

March 5, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

ADA/USD

ADA/USD Price Prediction: Cardano Faces Resistance at $1.32 After Mary Hardfork

March 6, 2021
Litecoin Price Prediction

Litecoin Price Prediction: LTC/USD Bullish Amidst Strong Selling Pressure

March 6, 2021
Crypto market

Crypto market: Thailand to set new regulations amid high interest

March 6, 2021
XRP/USD Price Prediction

XRP/USD Price Prediction: Will Ripple(XRP) Retest $0.50 Resistance?

March 6, 2021
digibyte price prediction

Digibyte Price Prediction 2021, 2023, 2025

March 6, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.