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 פּרייַז בלייבט סופּפּאָרטעד

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 און עטהערעום.

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.

מקור: XRPUSD אויף 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.

דיפּס לימיטעד אין קסרפּ?

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.

דער ווייַטער הויפּט שטיצן איז נאָענט צו $ 0.390. אויב עס איז אַ דאַונסייד ברעכן און נאָענט אונטער די $ 0.390 מדרגה, די Xrp פּרייַז קען פאַרברייטערן די לאָססעס. אין די סטייטיד פאַל, די פּרייַז קען אפילו אַראָפּגיין אונטער די שטיצן פון $ 0.360.

טעכניש ינדאַקייטערז

4-Hours MACD - די MACD פֿאַר XRP / USD איז איצט גיינינג גאַנג אין די בוליש זאָנע.

4-Hours RSI (Relative Strength Index) - די RSI פֿאַר XRP / USD איז איצט העכער די 50 מדרגה.

הויפּט שטיצן לעוועלס - $ 0.390, $ 0.360 און $ 0.320.

הויפּט קעגנשטעל לעוועלס - $ 0.410, $ 0.422 און $ 0.450.

אָריגינעל מקור: נעווסבטק