Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Will Shiba Inu Reach $1 by 2030 if Shibarium Burns 10 Trillion SHIB Monthly? Price Forecast and 1 Alternative Token to Watch 

June 17, 2025

How Cross-Chain Trading Layers Are Revolutionizing Crypto Market Access

June 17, 2025

Thailand crypto tax reform exempts digital asset profits for five years

June 17, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

XRP Price Prediction: Liquidity Crunch and External Factors, Including Interest Rates, Halt XRP’s Rise Above $1

0
By on September 18, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post XRP Price Prediction: Liquidity Crunch and External Factors, Including Interest Rates, Halt XRP’s Rise Above $1 appeared first on Coinpedia Fintech News

Bitcoin’s upcoming move in the next few hours is very important for the broader sentiment to change There’s market uncertainty, making it crucial to avoid excessive leverage. The decision, whether a 0.25% or 0.5% rate cut, will have a major impact on the markets. However, amid all the chaos, the question whether XRP could break out toward higher levels still remains a mystery. 

According to analyst Cheeky Crypto, yesterday’s target range for XRP was set between 59.48 and 60 cents, aiming for a double top similar to Saturday’s price movement. However, XRP peaked at 59.34 cents before pulling back.

This pullback occurred after finding support at the 50 EMA and SMA levels. Now, there’s an impulsive breakdown. It’s possible XRP is in wave four, with a structural target between 57.17 and 57.42 cents, which might align with support at the 200-hourly EMA.

Within the price structure, a five-wave drop suggests an irregular flat pattern (ABC) for wave four, overlapping with wave one, pointing to a diagonal structure in wave five. The target range for the potential double top is 59.54 to 60.16 cents.

Despite the XRP chart showing higher lows and lower highs, which generally suggests a bullish breakout, he doesn’t expect an immediate rise to the 75 to 85 cent range due to external factors.

The analyst also noted a possible loss of the 50% level, with a retest of the lower trendline being likely before any major breakout occurs. Although there may be temporary stability or upward movements in the coming days, overall market liquidity remains low. This liquidity crunch, combined with external factors like interest rates, unemployment rates, and money supply, suggests selling pressure could increase.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Shiba Inu Reach $1 by 2030 if Shibarium Burns 10 Trillion SHIB Monthly? Price Forecast and 1 Alternative Token to Watch 

June 17, 2025

How Cross-Chain Trading Layers Are Revolutionizing Crypto Market Access

June 17, 2025

Thailand crypto tax reform exempts digital asset profits for five years

June 17, 2025
Leave A Reply Cancel Reply

What's New Here!

Will Shiba Inu Reach $1 by 2030 if Shibarium Burns 10 Trillion SHIB Monthly? Price Forecast and 1 Alternative Token to Watch 

June 17, 2025

How Cross-Chain Trading Layers Are Revolutionizing Crypto Market Access

June 17, 2025

Thailand crypto tax reform exempts digital asset profits for five years

June 17, 2025

Paradigm Backs Roman Storm in Tornado Cash Case With Amicus Brief Filing

June 17, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.