XRP is one of the many types of crypto currency. This crypto coin was created by a technology company called Ripple Network as a tool for transactions in its business network.
As a type of Crypto coin, XRP is often purchased by investors to trade cryptocurrencies. In fact, this coin now ranks in the top 6 on the list of crypto coins with the largest market capitalization in the world. That is, this coin is arguably the number 6 best-selling crypto coin in the world.
The XRP coin has many advantages that make it attractive to many parties, starting from the transfer process which is fast, efficient, and costs minimal compared to other types of transactions.
Unlike Bitcoin, where the price of 1 coin can reach around Rp. 455 million, 1 XRP coin has a much cheaper price, which is around Rp. 7,000 only.
For a complete discussion of XRP coins and today’s XRP predictions, you can find them on various websites available on the internet.
XRP price today July 10, 2023
Crypto coins have prices that change every minute. At the time of writing this article, at 13.20 pm WIB, the price of XRP had weakened 0.41% since its open price to $0.46706. The fear & greed index is at 56 points which means greed, many traders are buying XRP. The price volatility level of XRP is around 3.01%. While the market sentiment itself is still bearish or still weakening.
Weakening market sentiment cannot be separated from the ongoing trial between Ripple and the SEC. The SEC accused Ripple, the company that makes XRP, of not registering the XRP coin as a product security. If Ripple loses the trial, it will be bad for them. Conversely, if Ripple wins, XRP price is predicted to move up and the SEC will lose the trust of the public.
XRP price prediction today
According to coincodex predictions, a website that discusses crypto, the XRP price is expected to fall by -1.24% and reach $0.460131 on July 16, 2023. This price value is obtained from the results of the technical analysis of the Coincodex team. The current sentiment is Bearish, while the fear & greed index shows 56 points (greed).
XRP recorded 16/30 (53%) green days with 3.01% price volatility over the last 30 days.
Based on their XRP forecast, today is a bad time to buy XRP coins.
XRP technical analysis today July 10, 2023
Based on data as of July 10, 2023 at 13:30 compiled by coincodex, XRP price sentiment is in a Bearish trend, with 7 technical analysis indicators indicating Bullish signals, and 22 indicating Bearish signals. The following details the technical analysis compiled by coincodex.
- Simple Moving Average (SMA), 50-day, 200-day XRP and 14-day Relative Strength Index (RSI)
Since March 21, 2023, the 200 SMA has been signaling a BUY signal for the last 111 days.
Meanwhile, since July 5, 2023, the SMA 50 has been signaling a BUY signal for the last 5 days.
The last Death Cross on the crypto market occurred 198 days ago, on December 23, 2022. Meanwhile, the last Golden Cross occurred 97 days ago, on April 3, 2023.
Based on their predictions, the SMA 200 XRP will rise in the next month to reach $0.450067 and the SMA 50 XRP is expected to reach the value of $0.471654 on August 9, 2023.
- XRP price key levels
Based on today’s classic pivot point (P1) at $0.470067, the strongest XRP support level is at $0.463817. Meanwhile, today’s XRP resistance levels are at $0.471596, $0.473957, and the strongest at $0.475485.
Closing
In conclusion, today’s XRP price prediction is expected to fall by -1.24% and reach $0.460131 on July 15, 2023. Based on the technical analysis above, we think that now is a bad time for you to buy XRP coin.
However, you need to remember that this is only an estimate. What happened could have been very different.
Given the nature of crypto coins have a very high level of volatility. Many factors can affect the drastic rise and fall of cryptocurrency prices, including the XRP coin.
Therefore, investors and traders must always be careful in placing their assets. Always keep an eye on events that are happening that could affect the asset.
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