In this Ripple price prediction, XRPUSD eventually prevailed as the price reached $0.35 level before pulled back. However, XRP may continue its bearish trend after a pullback.
Ripple Price Medium-Term prediction
Rippe (XRP) price is bearish in the medium-term outlook. The crypto was consolidating at $0.39 level last week, nevertheless the bulls were unable to defend the $0.39 level, as a result the bears increased their pressure and the broke down the $0.39 level. The bears remain in charge and the XRP price fell to the predicted level of $0.35. The price touched the level and reversed, moving towards the broken level ($0.39), which may be a pullback. In the meantime, the Ripple price is touching the dynamic resistance and support.
Ripple is currently trading below the 21 periods and 50 periods Exponential Moving Averages (EMAs). The former is making an attempt to cross the later, which is an indication of a bearish trend. The Relative Strength Index (RSI) period 14 is above 40 levels with the signal line pointing down which indicates a sell signal. Should the bears exert more pressure, Ripple price may decline further to $0.32 demand level. In case the demand level of $0.35 holds the price, the Bulls may pull the price up to reach the previous high at $0.42 level.
XRPUSD Price Short-term Prediction
As the chart shows, XRPUSD price is bearish on the short-term outlook. After several hours of consolidation scenario in the XRP market, the Bears eventually gained dominance. The bearish pressure penetrated the $0.39 level downside and the price decreased to reach the demand level of $0.35. The bulls opposed further decline in ETH price by the formation of inside the bar candle pattern and the price started increasing towards $0.39 level which may be a pullback.
XRPUSD price – between the 21 periods EMA and 50 periods EMAs. The RSI period 14 is above 40 levels with the signal line pointing down, which indicates a further decline in Ripple price.
Supply levels: $0.39, $0.42, $0.46
Demand levels: $0.35, $0.32, $0.29
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.