XRP price prediction bullish long-term but traders eye key short-term levels
Ripple's XRP is expanding its payment pilot through the ledger’s decentralized exchange (DEX), which could involve using XRP in lending pools to fund Ripple’s payment customers. However, increased network activity does not always translate to higher token value. Despite positive monthly net flows for XRP exchange-traded funds (ETFs) over the past six months, the 90-day Futures taker cumulative volume delta (CVD) has been negative for over a month.
In August, high network activity helped drive XRP prices up, but exchange reserves also rose. The bullish momentum was marked by a swing structure break that shifted the trend upward. The Chaikin Money Flow (CMF) reached a peak of +0.29 but has since slumped into negative territory. The Relative Strength Index (RSI) remained above neutral 50, indicating bullish momentum, while the On-Balance Volume (OBV) has been in an uptrend since August but has seen a pullback over the past two weeks.
The $1.54 high from February was recently breached, and buyers have held onto the $1.45 local support. Traders should watch the range between $1.45 and $1.65. The 1-month liquidation heatmap highlights $1.44 and $1.57 as key areas that could influence price movement. A failed breakdown below $1.45 or a bullish breakout past $1.55-$1.57 could offer trading opportunities.
The long-term XRP price prediction remains bullish after the swing structure on the daily timeframe shifted bullish in August. In the short term, range-bound price action and sweeps of liquidity pockets could provide swing traders with entry points.