{"id":22940,"date":"2023-08-16T16:50:50","date_gmt":"2023-08-16T16:50:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-price-prediction-after-bitpays-worldwide-support\/"},"modified":"2023-08-16T16:50:50","modified_gmt":"2023-08-16T16:50:50","slug":"xrp-price-prediction-after-bitpays-worldwide-support","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-price-prediction-after-bitpays-worldwide-support\/","title":{"rendered":"XRP price prediction after BitPay&#8217;s worldwide support"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680019471387-89c7b267-b38a-4942-b740-d800096dccff-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680019471387-89c7b267-b38a-4942-b740-d800096dccff-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680019471387-89c7b267-b38a-4942-b740-d800096dccff-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680019471387-89c7b267-b38a-4942-b740-d800096dccff-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">XRP price is trading below $0.60, down 5% in the past 24 hours.<\/li>\n<li dir=\"ltr\">BitPay recently announced worldwide support for XRP payments.<\/li>\n<li dir=\"ltr\">Key price levels are at $0.55 and $0.70, respectively demand and reload zones.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ripple\/\">XRP price<\/a> is down 5% in the past 24 hours to trade below $0.60, with bears threatening to wipe out all gains from the past month or two.<\/p>\n<p dir=\"ltr\">The win over SEC that catapulted the Ripple cryptocurrency higher has all but faded too. For XRP bulls, it\u2019s all looking ominous with prices likely to retreat to a key support base. But could a reaction be in the offing even as the market ponders its next move amid widespread stagnation?<\/p>\n<h2 dir=\"ltr\">XRP got a BitPay boost<\/h2>\n<p dir=\"ltr\">On August 4, blockchain payments provider BitPay released a major <a href=\"https:\/\/bitpay.com\/blog\/bitpay-now-supports-xrp\/\" rel=\"noopener noreferrer\" target=\"_blank\">update<\/a> \u2013 an impending worldwide support for XRP.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BitPay released worldwide support for XRP, allowing <a href=\"https:\/\/twitter.com\/hashtag\/BitPay?src=hash&amp;ref_src=twsrc%5Etfw\">#BitPay<\/a> users across the world to buy, store, swap and spend <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> across all BitPay solutions. <\/p>\n<p>Learn more about XRP:<a href=\"https:\/\/t.co\/ndvp5M0Gdp\">https:\/\/t.co\/ndvp5M0Gdp<\/a> <a href=\"https:\/\/t.co\/CBFztrBAVh\">pic.twitter.com\/CBFztrBAVh<\/a><\/p>\n<p>\u2014 BitPay (@BitPay) <a href=\"https:\/\/twitter.com\/BitPay\/status\/1691510139008827393?ref_src=twsrc%5Etfw\">August 15, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">According to the company, adding the cryptocurrency to the list of supported coins (including Bitcoin, Ethereum, Litecoin and Dogecoin) would allow merchants to accept payments in XRP from across 100 wallets.<\/p>\n<p dir=\"ltr\">BitPay\u2019s move means its customers can now buy XRP, store it or spend it on goods and services from anywhere in the world where merchants accept the top 10 altcoin.<\/p>\n<h2 dir=\"ltr\">What\u2019s the XRP price reaction?<\/h2>\n<p dir=\"ltr\">The XRP market hasn\u2019t seen significant upside reaction in the days following the news. Indeed, prices are down 10% in the past week. However, adoption news for XRP has been steady since Ripple\u2019s triumph over SEC, and could see more bullish reaction if the regulator loses again. [<a href=\"https:\/\/coinjournal.net\/news\/sec-appeal-would-not-be-a-setback-for-ripple-lawyer-says\/\">Read more<\/a>].<\/p>\n<p dir=\"ltr\">Looking at the charts, the daily RSI is heading deeper into the oversold territory and more room for sellers means prices could be poised for a retest of a previous support-turned-resistance zone at $0.55. A deeper rot to lows of $0.40 is possible.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/07\/16\/1692198555955-900db125-ab74-46b7-a1cc-fc0ce89b9265.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"260\"\/><span class=\"fr-inner\">XRP price chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/puGwJHOM\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">\u00a0However, the 100-day SMA is located here and could provide a robust buffer. A rebound in the short term could bring bulls to the 50-day SMA level \u2013 with the hurdle at round $0.62 \u2013 and highlight a return to above $0.70.\u00a0<\/p>\n<p class=\"fr-img-space-wrap2\">The psychological $1.00 remains the desired short-term play, before a retest of 2021 highs.<\/p>\n<\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/xrp-boost-as-bitpay-announces-worldwide-support-can-bulls-react\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) XRP price is trading below $0.60, down 5% in the past 24 hours. BitPay recently announced worldwide support for XRP payments. Key price levels are at $0.55 and $0.70, respectively demand and reload zones. XRP price is down 5% in the past 24 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22940"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22940"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22941"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}