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XRP price prediction remains bearish
XRP price prediction is still bearish, although the coin is currently attempting to reach upwards trends. It has dropped by more than 20% in the past 24 hours, but it is expected to recover. It has broken through the trendline support level at $0.3900.
The XRP/USD exchange rate will be in a range of $0.82 to $1.08 in the second half of 2023. In the first six months of 2024, it will reach $1.46, whereas in 2026, it will reach $2.17. The average XRP/USD rate will be $0.81 in November, whereas in December, it will be $1.03.
Despite the market's slump, a number of crypto-experts are still optimistic about the future of the XRP. One of them is the founder of crypto hedge fund ZX Squared Capital, CK Zheng. He previously predicted that the XRP price will exceed $3 by 2027.
In fact, the leader of Technews suggests that XRP might exceed the $0.77 mark. He also expects the maximum price to be around $2.49 by 2027.
The Economy Forecast Agency, on the other hand, predicts that the XRP price will be in a downward trend in the coming years. The prediction is based on a four-month projection for 2026.
In 2024, the average XRP/USD price will be in a range of $0.72 to $1.10. The XRP price will be in a descending trend in the following year. During January, it will be in a range of $1.05 to $1.10 and will be in a descending trend in February and March.
The coin has experienced a major drop in price in the past two months, as it was accompanied by the ongoing SEC lawsuit. The XRP rate has fallen by almost 60%, as the SEC lawsuit made the coin's future more shaky.
Fortunately, a number of analysts continue to make XRP price predictions based on trends. The RSI and MACD indicators are in the selling zone, and there is a possibility that the trend will turn negative. This could be an opportunity for investors to get out of their holdings and profit from the increasing volatility.
Solana price prediction remains bearish
During the crypto bear market, Solana's price had performed quite well. However, it has been experiencing significant declines in recent weeks. The token is now down -2.54% over the last thirty days.
Solana's prices have been in a downward trend since November last year. The coin reached a new low on Saturday. It has slid below the 2022 Volume Point of Control at $90. It has also declined below yearly lows. The long-term trend remains bearish.
Solana's price is likely to continue its decline. The coin is currently trading below all major SMAs. The RSI indicator is also showing a bearish edge.
Solana's market cap has declined by 10 percent in the last 24 hours. This is a huge drop. The token has a trading volume of $620,821,685 at present. In addition, the SOL coin's trading volume has increased by 103% in the past four hours.
The Solana coin has been in a $26-$29 range for over 16 months. This level has been a support area. The coin is expected to recover from this region and retest the $30 level. It could even test the $48 resistance. If the coin breaks above the level, it would signal buying triggers.
The price action has consolidated in a 8% range in the past three weeks. A falling downtrend encourages a prolonged correction. The RSI has been declining for several days, and the histogram has started to form lower-lows.
The Ideal Bearish Ichimoku Breakout has indicated a long-term sell-off. If the Solana price can recover from the current downtrend, it could climb to higher levels at $180 and $200. It is important to note that the indicators are based on different timeframes, and their accuracy is not guaranteed. Regardless, it is always best to do your own research before investing.
The futures market is a more granular look at the Solana price. It allows institutional investors to participate in the trading of the token. Typically, a larger number of contracts equates to more traders involved in the trade.
The futures annualized premium is a measure of the difference between the longer-term contracts. It is expected to run between 4% and 8%.
GPool review
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