In this Ripple price prediction, XRPUSD will rise if the $0.33000 price level holds and more buyers emerge. However, if the bears are able to break the $0.33000 price level, the price will likely decline to the low at $0.32600.
Ripple Price Prediction
On April 18, the price of Ripple was in the bullish trend zone, however, XRP bulls were unable to break the $0.35 resistance level which led to the termination of the bullish trend. If the bulls are unable to defend the price level of $0.33000, the XRP price is likely to decline to the low at $0.32600.
Ripple price will rise if the bulls maintain the $0.33000 price level and if more buyers emerge at the upper price level. The price will then retest the $0.35 price level. In the meantime, the Stochastic indicator is in the oversold region while above the 20% range, suggesting that the price of Ripple is in a bullish trend and a buy signal.
XRPUSD Short-term Price Prediction
Looking at the 4-hour chart, the XRPUSD price is bearish in the short-term. Yesterday, the pair climbed to a high of $0.34781 and a trend line was drawn to determine its duration. Nevertheless, the bulls tested the $0.35 price level and met resistance. The bullish trend has been technically terminated.
On April 18, a bearish candlestick broke the trend line and a confirmation candlestick closing after it. The bears broke the 12-day as well as the 26-day Exponential Moving Averages (EMAs) to reach the low at $0.33236. XRPUSD price was ranging below the EMAs. If the bearish momentum continues, the price of XRP may continue its decline.
However, if Ripple price holds at the support level of $0.33, the crypto’s price will probably commence its bullish trend. In the meantime, the Stochastic indicator is in the oversold region while below the 60% range, which suggests that the price of XRP is in a bearish trend and a sell signal.
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.33, $0.31, $0.29
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.