In today’s Ripple price prediction, XRPUSD is rising and is above the EMAs which is an indication that the price is likely to retest the $0.33 and $0.34 price levels.
Ripple Medium-Term Price Prediction
For the past five days, Ripple (XRP) was in a bearish trend zone as the digital coin was ranging below the 12-day and the 26-day Exponential Moving Averages (EMAs). It was even assumed that if XRP bulls broke the said EMAs, the price would retest or break the $0.32000 resistance level. However, yesterday, May 12, the bulls broke the EMAs, and the Ripple price climbed to a high of $0.32500. Nevertheless, the bulls met resistance at the $0.32500 resistance level and the price XRP price dropped to the support of the EMAs.
On May 13, the price Ripple is rising and is above the EMAs, an indication that the price is likely to retest the $0.32500 price level. In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line, indicating a buy signal. Moreover, the price of XRP is above the EMAs which suggests that the coin is in the bullish trend zone.
XRPUSD Short-term Price Prediction
As the 1-hour chart shows, XRPUSD price was in a bullish trend zone as the bulls reached the $0.33500 price level, but were, however, resisted. The bears pulled back immediately to the bearish trend zone and below the EMAs. On May 13, the bulls are have gained control and now trading at the $0.32700 at the time of writing.
On the upside, if the price is sustained above the EMAs, XRPUSD price will retest the $0.33 and $0.34 price levels. In the meantime, the price is above the EMAs which is an indication that price is in the bullish trend zone. The MACD line, as well as the signal line, are above the zero line, indicating a sell signal.
- Resistance Levels: $ 0.61, $0.63, $ 0.65
- Support Levels: $0.31, $0.29, $0.27
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.