Lokesh Gupta
28-02-2024
Bitcoin and ETH hitting new highs prompted an upward movement in XRP.
XRP gained bullish momentum, rebounding from support around $0.5250.
Approaching a crucial resistance trendline signals potential for significant overhead supply.
XRP's sideways movement is due to trading within a significant symmetrical triangle, nearing its apex on the weekly chart.
The daily chart of XRP shows higher highs and lower lows, signaling a bullish surge.
A daily close below the 50% retracement level at $0.5629 could invalidate the bullish outlook, leading to support at $0.5446.
Resistance is expected near the 78.6% Fibonacci retracement level at $0.6073, posing a potential hurdle before reaching new yearly highs.
The key question remains: will XRP breach the trendline and surge, or will the rally come to a halt?
According to Coingabbar's analysis, The XRP price prediction 2030 is roughly $3.00.
The XRP Price Prediction 2050 indicates that it will reach at least 2000 XRP in INR.
KEY LEVELS :
RESISTANCE LEVEL : $0.6000-$0.6300
SUPPORT LEVEL : $0.5500-$0.5250
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
