XRP Next 24-Hour Price Prediction: Breaking Above the $2.85 Resistance Level is Possible Today?

XRP shows an immediate resistance of $2.85 to $2.88 today, and is trading at an average price of $2.81 with a $5.15 billion daily trading volume. Currently, XRP is not having a good time, and it is showing a bearish outlook in the crypto market, which is slowly eroding institutional interest and investor demand. At the time of writing, XRP is valued at around 2.81, which is 0.69% higher than yesterday’s price, and the token is constantly giving mixed signals with continuously fluctuating market momentum. 

According to the XRP price prediction by our prediction experts, XRP is likely to continue to trade with volatility and fluctuating momentum and will display a 4.09% market dominance during this period. The experts claim that the price prediction sentiment for the next 24 hours will be bearish, while the Fear and Greed Index, displaying 64, indicates greed in the market. Despite the bearish predictions, some analysts think that XRP will show a significant market recovery if it can trade above the $3 psychological price point in the upcoming weeks. After conducting a comprehensive market research, our experts reported that in the last 24 hours, XRP’s price had moved 2.29% to $2.8, and trading volume had moved -31.6% to $4.90 billion.  

XRP Price Prediction Next 24 Hours: Is XRP Approaching a Possible $5 Reversal?

After analyzing the overall cryptocurrency market and XRP’s market momentum, the price of the native cryptocurrency of the XRP Ledger would be around $2.90, closer to the $3 psychological level. Our price prediction experts commented that over the next 24 hours, XRP would reach the highest price of $2.90, which would represent a 0.12% growth compared to the current price.

According to their evaluation, the token is expected to stay steady in the $2.85 to $2.90 price range and will not make any flashy upward movements in the crypto market. They also believe that the token is currently oscillating between the $2.78 and $2.85 support and resistance levels. Successfully defending this support zone is more than enough to build a positive market momentum and ultimately take it to a significant bullish price rally. Prominent analysts in the crypto sphere commented that momentum was shifting against XRP in the near term. They noted that to reverse this setup, XRP had to reclaim the $3.10 resistance with convincing volume. Otherwise, the next test could come closer to $2.00. 

Here is possible market data for XRP for the next 24 hours

• Price: $2.88 (Possible Average Price on Oct 11) 
• Market Cap: $ 168.80 Billion
• 24 Hour Volume: $7.68 Billion
• Diluted Market Cap: $281.93 Billion
• Supply Inflation: 5.88% (High)
• Price Volatility: 3.18% (Medium) 
• Community Sentiment: Bearish
• Market Dominance: 4.09%
• Fear and Greed Index: 65 (Greed)

According to the XRP price today and its recent market momentum, the token is anticipated to trade at an average price of $2.88 for the next 24 hours, and its bearish outlook will be maintained for tomorrow. 

Despite the ongoing negative market momentum, some crypto experts stated that with a negative market trend seen last month, XRP was expected to reject the trend in October. They projected that the monthly trading range would be between $2.75 and $3.19, with the average monthly value sitting at $2.91, which would represent a -1.91% decrease compared to the previous month.    

Here is a price prediction table of XRP for the next week.

Our daily and weekly price prediction analysis clearly indicates that the scenario of XRP reaching the $5 price point is nowhere near. The experts believe that the price mark can only be achieved once the token hits the $3 psychological point. 

Ripple is actively involved in accumulating partnerships to enhance XRP’s visibility. On Thursday, Ripple announced their strategic partnership with Bahrain Fintech Bay (BFB) to support each other and enhance Bahrain’s digital assets ecosystem. The newly implemented strategic collaborations will maximize the exposure of XRP, which will ultimately benefit its trading activity and market performance. 
Disclaimer: The price prediction analysis is conducted based on the current and recent market statistics of XRP. The values mentioned in this article are subject to change. Cryptocurrency is a highly volatile asset; consult a financial advisor before investing.