In this Ripple price prediction, the XRPUSD pair is bearish, and if the downward trend continues, XRP will decline to $0.31.
Ripple price is in a bearish trend while fluctuating around the $0.32 level. On April 16, XRP was in a bullish trend as its price rose to $0.3277 but soon dropped back from said level.
On the downside, if the bears break the current price level, XRP may decline to either $0.30 or $0.31, although a price breakout over the said mark is still possible. A line was drawn to determine the duration of a potential bearish trend.
On the upside, if the price breaks the price level of $0.32 and the rally holds on to the $0.33 price level Ripple will commence its upward trend to test the $0.34 and $0.37 levels. In the meantime, the Stochastic indicator is in the oversold region while below 20 which indicates a bearish trend.
As the 4-hour chart shows, the XRPUSD price is in bullish momentum. Yesterday, April 16, XRP bulls broke the 12-day Exponential Moving Average (EMA) but they, however, met resistance at the 26-day EMA. If a bearish trend is to continue for the pair, the price will fall to the $0.31 level.
However, if the 12-day EMA support holds, the XRPUSD price will commence its bullish trend to test or break above the $0.33 resistance. In the meantime, the Stochastic indicator is in the oversold region while above 40, thus suggesting that the price Ripple is in a bullish trend and is a buy signal.
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