In this Ripple price prediction, XRP approaches the $0.37 price level but may face resistance at the level. If the price is sustained above the EMAs, the bulls will break the $0.37 price level.
Ripple Price Prediction
Today, April 5, the price of Ripple is trading in the bullish trend zone. Yesterday, April 4, XRP price dropped to the support at the 12-day Exponential Moving Averages (EMA) without breaking it. In addition, XRP price was at the support of the $0.34 level at the time of the previous article and it was presumed to resume another bullish trend.
Nevertheless, the bulls were overpowered by the bears and the price level of $0.34 was broken. Like we said earlier, the bulls are currently in control. On the upside, the XRP price is expected at the $0.40 price level however, the price of Ripple must be sustained above the 12-day EMA as well as the 26-day EMA. On the downside, if XRP price break below the EMAs, the price is likely to decline.
In the meantime, the stochastic is in the overbought region while below the 80% range, which is an indication that the price of Ripple is in a bearish momentum and a sell signal.
XRPUSD Short-term Price Prediction
As the 4-hour chart shows, XRPUSD price is bullish. The bears broke below the 12-day EMA as well as the 26-day EMA yesterday to reach the bearish trend zone. From the outlook, the price is below the EMAs which make the price likely to fall, but since the overall trend was bullish, the bulls took charge and broke above the EMAs.
On the upside, if XRP price is sustained above the EMAs, the bulls will break the price level of $0.37 and may face resistance at the $0.37 price level. Meanwhile, the ongoing trend line is unbroken thus indicating a current bullish trend. In the meantime, the stochastic indicator is out of the oversold region while above the 20 % range, indicating that the XRP price is in a bullish momentum and a buy signal.
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.36, $0.34, $0.32
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.