In this Ripple price prediction, XRPUSD is bullish. If XRP bulls break the $0.42 resistance level, the price will climb to the $0.46 level.
Ripple Price Medium-Term Prediction
From the past 7 days, Ripple (XRP) price has been trading in a sideways trend. XRP price dropped from the overhead resistance of $0.42 price level. It had a downward correction to the support of the 12-day and the 26-day Exponential Moving Averages (EMAs). After being in a range bound move for 48 hours, the bears broke the EMAs and Ripple price declined to the low at $0.36 price level.
This price level was well supported as the bulls broke the EMAs to retest the overhead resistance level. The price of Ripple is retracing from the overhead resistance level after failing to break it. On the upside, if the bulls are able to break the $0.42 resistance level, the price will climb back to the $0.46 level. On the other hand, failure to break the overhead resistance will see the price fall to the support of the EMAs.
XRPUSD Price Short-term Prediction
As the 1-hour chart shows, XRPUSD price is in a bullish trend zone. Last week, XRP price was in a sideways trend as it was in a tight range between the $0.39 and $0.40500 levels. Nevertheless, on May 22, the bears broke the lower price range and as a result, XRPUSD price dropped to the $0.36 price level.
The $0.36 price level was well supported as the bulls made an upward move to the bullish trend zone. Ripple price is now hovering below the $0.42 price level. In the meantime, the Moving Averages Convergence Divergence (MACD) line and the signal line are above the zero line which is an indication of a buy signal.
- Resistance Levels: $ 0.44, $0.46, $ 0.48
- Support Levels: $0.40, $0.38, $0.36
Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The Information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.