XRP Technical Indicators Flag Bullish: Will $1 Happen in 2024?

• The Fib extension showed that XRP may rise to $0.75 as a first target.
• Should the 12 EMA flip the 26 EMA, XRP’s momentum may turn bullish.
• XRP’s potential to reach $1 may not happen in a few weeks but it remains feasible in 2024.

Although the numerous $1 price predictions that Ripple (XRP) may not have come to pass, the token might be getting set for a big move. Between December 18 and 26, XRP formed an ascending channel per the 4-hour chart.

During that time, the cryptocurrency breached the $0.61 and $0.62 resistance before touching $0.64. At the time of writing, XRP’s price had decreased to $0.62, as shown by the TradingView chart below. 

However, the decline does not imply that the token will continue to hover around the $0.60 region in the coming week. Coin Editon then checked out the Auto-Fibonacci extension.

Entries Are Around $0.62

As of this writing, the 0.382 Fib level was at $0.62. This indicates that the $0.62 region could be a good entry-level for XRP. Furthermore, the 4.236 Fib extension revealed that XRP has the potential to hit $0.75 in the near term.

But to hit the mentioned price, accumulation has to be intense and bulls hav…

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