XRP Price Prediction – Closing Above $2.30 Could Trigger the Next XRP Supercycle

The XRP price has inched up to $2.21 today, bucking the overall trend as the cryptocurrency market suffers a 2.5% drop in the past 24 hours.

XRP has recorded very modest gains of 1.5% in the past week and 2.5% in the past month, although the alt boasts a 360% gain in the past year.

Interestingly, the XRP price has moved into a zone – between $2.20 and $2.30 – that could signal a big breakout, assuming that the coin can decisively rise beyond its ceiling.

And with XRP awaiting the approval of numerous spot-based ETFs, it may only be a matter of time before it breaches this upper level, resulting in a hugely positive XRP price prediction for later in the year.

XRP Price Prediction – Closing Above $2.30 Could Trigger the Next XRP Supercycle

Posting on X, analyst and self-described ‘data alchemist’ Dom suggested that the $2.20-$2.30 “breakout zone” could end up becoming “the turning point of a new bullish trend.”

The zone derives from the one-month and three-month volume-weighted average prices (VWAP), as well as from the 160-day downtrend that began in late January.

The reason why Dom highlighted this particular zone is that the XRP price has struggled to break through the $2.30 in recent weeks, with past month witnessing five failed attempts.

In fact, the last attempt was as recent as one day ago, with XRP reaching $2.31 overnight but then dropping back down $2.21 in the aftermath.

This highlights the difficulty of breaking new ground in an uncertain market, with prices and investors continuing to wilt in the face of ongoing instability, both in the Middle East and in the global economy.

So for now, XRP remains indecisive, as we can see from its chart and indicators today.

In particular, its relative strength index (purple) has been struggling to break itself free from 40-50 range since the middle of May.

Its moving average convergence divergence (orange, blue), however, does appear to be on the way up, so we may be about to witness the push that Dom is expecting.

As for the longer term, XRP remains one of the most promising major tokens in the market, with 10 XRP ETFs awaiting potential approval by the SEC later in the year.

The XRP price could therefore explode, well beyond the $2.30 zone and up towards $2.50 or even $3 in Q4.

In the meantime, some traders may wish to diversify into smaller, newer tokens, since these can often outpace the market in the right conditions.

This is also the case with presale coins, which in generating lots of momentum during their sales can then go on to rally big after they list.

Snorter (SNORT) is a good example of such a coin, with the Ethereum- and Solana-based token now having raised just over $1.3 million in its sale.

Investors are interested in Snorter because of its solid fundamentals, with the project preparing to launch an automated sniping bot.

This means it will be able to identify and buy new tokens just as they’re about to explode, helping its users to stay one step ahead of the crowd.

It will also offer such features as copy trading, limit orders, atomic swaps and rugpull/honeypot protection, making it one of the most comprehensive bots in the market.

Its native token SNORT will be necessary to gain access to its features, while holders will also be able to stake the token for a passive income.

Traders can buy it now by going to the Snorter website, where the token currently costs $0.0967.

This will rise later today and will continue to rise until the sale ends, so interested parties should get moving.

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