In today’s Ripple price prediction, XRP is showing positive signs remains is an uptrend as the bulls seem to be eyeing a test of $0.25 level.
After testing the $0.25 resistance level, the price of Ripple started a downside correction. The bears broke the support near $0.23 and even declined below $0.22. However, Ripple price found a strong support near the $0.21 level. A low was formed near $0.21 before recovering.
Ripple price broke above the key resistance near $0.22 to move back into a bullish zone. At the time of writing this Ripple price prediction, the coin is now facing resistance at the $0.23 level and the 55 Simple Moving Average (SMA) on the 4-hours chart.
On the upside, a successful break above the $0.23 resistance level might set the pace for more gains in the coming sessions. The next major resistance is near the $0.24 level. Any further gains could lead the price toward the $0.25 resistance level.
On the downside, Ripple price may decline from the $0.22 and find support near the $0.21 level, below which there are chances of a strong drop in the coming sessions.
Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.
On the 1-hour chart, buyers are still in charge of the market as they maintained the upward movement. Currently, the key support level to watch out for lies at $0.22 and $0.21. A further drop may slip price to $0.20 support level. On the upside, the $0.24 level is likely to resurface before the rally continues.
Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.
Author 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.
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