Ripple Waits for Major Bullish Signal: Will XRP Price Hit All-Time Highs in 2024?

After the recent rally, the cryptocurrency space has consolidated within a narrow range. As the price of Bitcoin fell close to $40,000, the price of XRP also plummeted from its daily high of about $0.64 to nearly $0.50. The upcoming price action is expected to push the price of XRP above pivotal levels, which could push the price past double digits soon.

XRP price has been very volatile ever since the final ruling in the Ripple vs. SEC case made a big round in the sector. However, a recent downturn took the price back to earlier levels, but a quick rebound halted the bearish move. Now the XRP price has reached a critical range which suggests that the bulls are attempting to push the price significantly higher.

Over the course of the month, the price of XRP has been reluctant to maintain a downward trend despite regular increases in sales. The bulls were strong, and after outmaneuvering the bears, it seemed like the time had come for a major rally. Previously, just before the 2018 bull market, prices traded within a symmetrical triangle. After breaking the weakness, a massive candle appeared that pushed the price above $3.

A similar pattern appears to have formed as the market witnessed buying and selling liquidation from the previous day’s trading. However, MACD favors the bulls as it is set to experience a bullish crossover on a monthly period for the first time since September-October 2020. This indicates that the XRP price is close enough to begin a healthy uptrend that could push the price higher. It will cross double digits in the next few years.