XRP Market Analysis & Price Prediction || 11 April, 2024 || Steem Alliance

Assalamu Alaikum friends,
Hope everyone is well and healthy. The halving time is getting closer as the days go by. And with that the alt coins are starting to have an impact. The price of altcoins is pumping over time. As a result, the total market capital of cryptocurrency has increased several times. In today's blog I will do XRP coin analysis and price prediction. These predictions are made according to market conditions. There is no guarantee that predictions will be 100% accurate. Let's start without delay:-

XRP is an open-source, permissionless and decentralized technology. Which was discovered in 2021. According to their claim, the XRP ledger is able to perform asset transactions at a very low cost. That is why this blockchain method has gained so much popularity. The XRP ledger feature introduced the first decentralized exchange (DEX). As such, this blockchain is much more sophisticated and trustworthy.

Currently the price of XRP is $0.6164. The market has a total supply of 55,051,549,471 XRP. Which is only 55% of the total supply in the market. The remaining 45% of XRP is yet to be mined. This coin reached its high price of $3.84, Jan 04, 2018 (6 years ago) and low price of $0.002802, Jul 07, 2014 (10 years ago).

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[4 hour Candle](https://steemit.com/submit.html?category=hive-150122)






^{ScreenShots From TradingView}



XRP is in a down trend in this time-frame. Lower support and upper resistance failed to break. Along a down line the price is dumping downwards. However, the 4 hour time frame is only a shorter time frame. However, candles of this period also help pump a coin. Now the thing to watch is when this time frame moves upwards.



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[1 Day Candle](https://steemit.com/submit.html?category=hive-150122)







^{ScreenShots From TradingView}


According to the 1-day time frame, the candles of this coin formed a Symmetrical Triangle. In the above screenshot, there is about an 80% chance to pump the price by breaking the resistance. However, this process will take several days to complete.


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[1 Week Candle](https://steemit.com/submit.html?category=hive-150122)






^{ScreenShots From TradingView}


A very proper Symmetrical Triangle pattern has formed in this time frame. 1 week candle means full long term analysis and signals. If this signal can be executed properly, it is possible to get good returns by investing in XRP.



**My Prediction:-** If my prediction is successful and the weekly candle breaks the resistance and moves higher, we can see XRP in the $0.95 to $1.00 frame.