{"id":62129,"date":"2023-07-21T19:22:11","date_gmt":"2023-07-21T19:22:11","guid":{"rendered":"https:\/\/coinjournal.net\/news\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/"},"modified":"2023-07-21T19:22:11","modified_gmt":"2023-07-21T19:22:11","slug":"xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/","title":{"rendered":"XRP price outlook: a tinge of frustration but bulls have $1 in sight"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">XRP price has been trading around $0.80 for the past week, having retreated before hitting the $1 level.<\/li>\n<li dir=\"ltr\">Ripple&#8217;s win against the SEC remains a huge catalyst and several indicators suggest a new leg is likely.<\/li>\n<li dir=\"ltr\">If price breaks out amid new upside catalysts, it could be a big move for XRP.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/ripple\/\">XRP<\/a>&#8216;s explosive gain on the day Ripple scored a big one against the US Securities and Exchange Commission (SEC) did not help bulls cross the psychologically important $1 level. And with ranged trading amid a flip in the Fear &amp; Greed Index this week, the struggle beneath $0.80 has hinted at a slight frustration across the XRP market.<\/p>\n<h2 dir=\"ltr\">What&#8217;s the XRP outlook?<\/h2>\n<p dir=\"ltr\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/span><\/span><\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/06\/21\/1689966383667-0fc5b34b-f6bc-4b58-b59a-1e3345a993d0.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"320\"><span class=\"fr-inner\">A weekly chart showing XRP\/USD price performance. Source: <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/wCrv9RG2\/\">TradingView<\/a><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">XRP&#8217;s pullback below $0.80 (XRP\/USD traded to highs above $0.93 last week) has come even as <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">open interest<\/a> in futures contracts continued to hover at its highest level since November 2021. According to OI data from Coinglass, that metric soared to $1.19 billion on Thursday July 20.<\/p>\n<p dir=\"ltr\">Rising open interest is indicative of inflows into the XRP futures contracts and typically confirms the recent trend&#8217;s strength.<\/p>\n<p dir=\"ltr\">The XRP market has also been on a tear in terms of the global spot trading volumes. On-chain data showed XRP volumes, buoyed by massive interest in South Korea, topped that of Bitcoin.<\/p>\n<p dir=\"ltr\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is the largest volume on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> measured in the last 1,5 years.<\/p>\n<p>INSANE! <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/paNyPJsCXm\">pic.twitter.com\/paNyPJsCXm<\/a><\/p>\n<p>&mdash; Crypto Rover (@rovercrc) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rovercrc\/status\/1679517125264785409?ref_src=twsrc%5Etfw\">July 13, 2023<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p dir=\"ltr\">Positive sentiment has also been infused into the XRP market by recent developments around adoption of Ripple technology. After the partial win against the SEC, reports emerged that the US-based blockchain company was looking to recapture the interest of major financial players in its cross-border payments and remittances technology.<\/p>\n<p dir=\"ltr\">Ripple also made a major splash this week, committing to a <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/ripple-invests-in-54m-round-for-ai-metaverse-firm-futureverse\/\">$54 million investment<\/a> in Futureverse, an artificial intelligence and metaverse-focused project. With more upside catalysts across the crypto market, it is possible XRP price could cap a great month with a burst above the key resistance level.<\/p>\n<p dir=\"ltr\">However, while a move higher is a more likely scenario given the highlighted factors, a negative flip in sentiment with prices still near current levels could risk a bearish retest. The primary support level below $0.70 is around $0.50.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/\">XRP price outlook: a tinge of frustration but bulls have $1 in sight<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>XRP price has been trading around $0.80 for the past week, having retreated before hitting the $1 level. Ripple&#8217;s win against the SEC remains a huge catalyst and several indicators suggest a new leg is likely. If price breaks out amid new upside catalysts, it could be a big move for XRP. XRP&#8217;s explosive gain [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/\">XRP price outlook: a tinge of frustration but bulls have $1 in sight<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":62130,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-62129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XRP price outlook: a tinge of frustration but bulls have $1 in sight - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP price outlook: a tinge of frustration but bulls have $1 in sight - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"XRP price has been trading around $0.80 for the past week, having retreated before hitting the $1 level. Ripple&#8217;s win against the SEC remains a huge catalyst and several indicators suggest a new leg is likely. If price breaks out amid new upside catalysts, it could be a big move for XRP. XRP&#8217;s explosive gain [&#8230;] The post XRP price outlook: a tinge of frustration but bulls have $1 in sight appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-21T19:22:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/media.igms.io\/2023\/06\/21\/1689966383667-0fc5b34b-f6bc-4b58-b59a-1e3345a993d0.png\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"XRP price outlook: a tinge of frustration but bulls have $1 in sight\",\"datePublished\":\"2023-07-21T19:22:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/\"},\"wordCount\":405,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight.png\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/xrp-price-outlook-a-tinge-of-frustration-but-bulls-have-1-in-sight\\\/\",\"name\":\"XRP price outlook: a tinge of frustration but bulls have $1 in sight - 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