XRP Price Drop Imminent, Experts Wait to Buy It at This Level

In a recent tweet, renowned trader TraderSZ @trader1sz announced that XRP is over halfway to its first target, sparking a wave of anticipation in the crypto community.

The tweet, which quickly garnered significant attention, has added to the growing excitement around Ripple’s native cryptocurrency. TraderSZ anticipates a potential decline in XRP’s value to $0.44, following its departure from the ascending triangle pattern. This suggests that they intend to refrain from purchasing until the price reaches this specified level.

XRP has been making headlines in the crypto world, especially after a U.S. judge ruled on July 13, 2023, that Ripple Labs’ sales of XRP on public exchanges did not violate securities laws. This ruling led to a 78% surge in the price of XRP, further fueling the bullish sentiment around the coin.

The price action of XRP in July 2023 has been nothing short of a rollercoaster ride. The coin started the month strong, surging from $0.300 to $0.5298, marking a rise of more than 75% on the charts. This surge was largely attributed to Ripple’s court victory, which significantly boosted investor confidence in the coin.

Trade on US-Banned Exchanges With No KYC 🤫

Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required 🙅‍♂️
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

The highest price of XRP in July 2023 was recorded at $0.8, while the average price for the month hovered around $0.75. However, the coin experienced a bearish price movement as of July 24, 2023, with a decrease in price observed as the coin failed to find support.

Looking ahead, short-term price predictions by AMBCrypto suggest an average price of $0.51 for XRP in August 2023, with the highest possible price being $0.55. Meanwhile, Cryptopolitan’s XRP price prediction suggests a minimum price of $0.55 and an average trading price of $0.57 for 2023.

Despite the recent bearish trend, the overall market sentiment remains positive, with many investors and traders eagerly watching XRP’s price action. As the coin continues its journey towards its first target, the crypto community waits with bated breath to see what the future holds for XRP.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

We will be happy to hear your thoughts

Leave a reply