XRP price explosion or crash? Ripple Price Prediction

XRP Ripple Price Explodes or Crash? Ripple price prediction! What is the price of XRP? Will the price of XRP rise or fall in the future? Is XRP suitable for long-term holding? Let’s take a look below!

Long-term holder Ripple (XRP) changed its address on May 16, which is usually a sign of market changes. XRP price rose above the 20-day EMA and is currently trading at $0.52.

Positive indicators such as the Elder Ray Index and Money Flow Index suggest a potential rally could push the price to $0.53 or $0.57.

In a calculated move by Ripple traders, an on-chain assessment of XRP performance showed a significant increase in the “time spent” metric on May 16. On that day, the indicator was valued at 222 billion.

This indicator tracks the movement of long-term held Ripple tokens. It helps gauge the sentiment of long-term holders of the token. This group of investors rarely moves their tokens. However, when they do, market trends tend to change.

As XRP’s “time to burn” metric increases, many long-dormant coins change hands.

This may mean that long-term holders are selling their tokens, but this is not always the case. Sometimes this means an increase in overall trading activity, not necessarily from selling by long-term holders.

In the case of Ripple, the price increase confirms that the rise in the Age of Consumption indicator is due to an overall increase in trading activity rather than selling by long-term holders.

In fact, on May 16, the altcoin’s price rose above the 20-day exponential moving average (EMA) it currently trades at. When an asset's price rises above this key moving average, its current value exceeds its average price over the past 20 days. This is considered a bullish signal.

The current price of Ripple is $0.52.

XRP Price Prediction: Will It Rise Next?

Ripple’s Elder Ray Index turned positive on May 16 for the first time since May 8. This metric tracks the relationship between the strength of token buyers and sellers in the market.

If its value is positive, it means that the power of bulls is dominating the market. Currently, XRP’s Elder Ray Index remains positive at 0.0065.

Additionally, the altcoin’s Money Flow Index (MFI) is above the neutral 50 level of 56. This indicates that buying pressure from market participants exceeds selling activity.

If the current market trend continues and accumulation increases, Ripple price could rise to $0.53 and then to $0.57.

However, if long-term XRP holders start selling their tokens, it could create bearish pressure and push the price to $0.48 levels.

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