Ripple Price Prediction – Will the Ongoing Bearish Trend Continue?

In this Ripple price prediction, the XRPUSD is in the previous range-bound zone and likely to fall either to the price levels of $0.28 or $0.29.

Ripple Price Prediction

The price of Ripple was in a bullish trend earlier on April 18, as the bulls tested the $0.34 resistance level, but met resistance. The bears broke the 12-day and the 26-day Exponential Moving Averages (EMAs) and dropped to the bearish trend zone. What is more, the bears also broke the price levels of $0.33, $0.32, and $0.31.

Ripple price is now approaching the low at $0.29 and is below the EMAs to indicate that the XRP price is likely to decline. The price is in the previous range-bound zone of $0.28 and $0.34. The price is likely to fall to the levels of either $0.28 or $0.29.

If the bulls are unable to break the trend line, the ongoing bearish trend will continue. The trend will be assumed terminated if the bulls break the trend line and another one closes on the opposite of it.

In the meantime, the stochastic is in the oversold region while above the 20% range, which indicates that Ripple price is in a bullish trend and a buy signal.

XRPUSD Short-term Price Prediction

Looking at the 4-hour chart, the price of the XRPUSD pair is in bearish momentum. XRP bulls had tested the $0.33 resistance level on April 22 and 23, but they met resistance. The price dropped and tested the low at $0.29595 to commence its upward trend. If the support level of $0.29 holds, XRPUSD price will commence its bullish momentum.

On the downside, XRPUSD price will fall to the $0.28 price level if the $0.29 support level is broken. In the meantime, the stochastic indicator is in the oversold region while above the 20 % range. This indicates that the price of Ripple is in a bullish trend and a buy signal.

• Resistance Levels: $0.56, $0.58, $ 0.60
• Support Levels: $0.31, $0.29, $0.27

Disclaimer

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.