In today’s Ripple price prediction, if the bears break below the $0.42 level, XRPUSD price will drop and find support at the $0.38 price level. What is next?
Ripple Price Prediction
Last week, the Ripple (XRP) price was in a bullish trend. However, after climbing to reach a high of $0.47 price level, the bulls net resistance on May 30, and as a result, the price declined to the previous low at $0.42 level. The 12-day and the 26-day Exponential Moving Averages (EMAs) were trending horizontally to suggest that Ripple price was in a sideways trend.
At the moment, XRP price fluctuates between the levels of $0.41 and $0.46. On the upside, if the bulls break the $0.45 price level, the price of Ripple will retest or even break the $0.47 level. On the other hand, Ripple price will likely drop and find support at the $0.38 price level If the bears break below the $0.42 level. In the meantime, the Moving Averages Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal
XRPUSD Price Short-term Prediction
Looking at the 1-hour chart, XRPUSD price was in a sideways trend zone. On May 30, the price of XRP was in a downward correction as it dropped to the $0.41 support level. XRP bears then tested the $0.41 price level twice before the bulls gained control.
The crypto’s price is now fluctuating below and above the EMAs. On June 3, the XRPUSD price is in a bullish trend approaching the $0.45 price level. In the meantime, the MACD line and the signal line are above the zero line which is an indication of a buy signal.
- Resistance Levels: $ 0.44, $0.46, $ 0.48
- Support Levels: $0.43, $0.42, $0.41
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.