In today’s Ripple price prediction, XRPUSD briefly rallied to a high of $0.44 price level. Nevertheless, the bulls met resistance and the price dropped to a low at $0.42 price level.
XRPUSD Price Chart
In retrospect, Ripple (XRP) price was in a bearish trend last week as the coin had been falling after the resistance at the $0.46 overhead resistance. Ripple price had dropped to a low at $0.38 price level and a bearish trend line was drawn to determine the duration of the trend. Last week, it was assumed that a bearish trend was said to be terminated if the trend line was broken and a confirmation candlestick was opened and closed on the opposite of it.
On the upside, if the bulls break the $0.44 price level, the Ripple price will rise to retest or break the $0.46 overhead resistance level. In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal
XRPUSD Price Chart
As the 1-hour chart, the XRPUSD price was in a bullish trend. The 12-day and the 26-day Exponential Moving Averages (EMAs) are trending northward as the bulls made an upward move to the upper price level. Yesterday, XRP bulls made an upward move and reached a high of $0.44 price level.
Nevertheless, the bulls met resistance and XRPUSD price dropped to the support of the 26-day EMA or to a low at $0.42 price level. On the upside, if the 26-day EMA support level holds, the XRPUSD price will commence an upward move to retest the upper price range. In the meantime, the MACD line and the signal line are above the zero line which is an indication of a buy signal.
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.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
