XRP Price Prediction: Uptrend Remains Intact Above $0.38

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XRP Price Prediction: Uptrend Remains Intact Above $0.38

Ripple is rising steadily above the $0.40 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.410 resistance zone.

Ripple is currently rising above the $0.40 resistance zone against the US dollar. The price is now trading above $0.40 and the 100 simple moving average (4-hours). There is a declining channel forming with resistance near $0.410 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if there is a clear move above the $0.410 resistance zone.

Ripple Prețul rămâne acceptat

After forming a base above $0.38, ripple’s XRP started a steady increase against the US Dollar. The price climbed above the $0.40 resistance zone to move into a positive zone, similar to bitcoin și ethereum.

The bulls pushed the price above the $0.42 level and the 100 simple moving average (4-hours). The increase was such that xrp price even climbed above the $0.43 level. It traded to a new yearly high at $0.4324 before there was a downside correction.

The price declined below the $0.40 level and tested $0.3850. A low is formed near $0.3861 and is currently rising. It is now trading above $0.40 and the 100 simple moving average (4-hours).

It is also trading above the 23.6% Fib retracement level of the recent decline from the $0.4329 swing high to $0.3861 low. An immediate resistance is near the $0.41 zone. There is also a declining channel forming with resistance near $0.410 on the 4-hours chart of the XRP/USD pair.

Sursa: XRPUSD pe TradingView.com

The next key resistance is near the $0.422 level. A successful break above the $0.422 resistance might send the price towards the $0.450 resistance. Any more gains might send the price towards the $0.50 level in the coming sessions.

Dips Limited în XRP?

If ripple fails to clear the $0.41 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.3960 level.

Următorul suport major este aproape de 0.390 USD. Dacă există o pauză negativă și se închide sub nivelul de 0.390 USD, prețul xrp ar putea extinde pierderile. În cazul menționat, prețul ar putea chiar să scadă sub suportul de 0.360 USD.

Indicatori tehnici

MACD de 4 ore - MACD pentru XRP / USD câștigă acum ritm în zona alcătească.

RSI de 4 ore (Indice de rezistență relativă) - RSI pentru XRP / USD este acum peste nivelul de 50.

Niveluri de suport majore - $ 0.390, $ 0.360 și $ 0.320.

Niveluri majore de rezistență - $ 0.410, $ 0.422 și $ 0.450.

Sursă originală: NewsBTC