XRP Price Prediction – Key Reasons Why Bulls Could Aim Rally To $0.60

2023-9-15 07:58

Ripple’s token price is recovering higher from $0.458 against the US Dollar. XRP price could start a fresh rally if it clears the $0.505 and $0.515 resistance levels.

Ripple’s token price is attempting a move above $0.510 and $0.525 against the US dollar. The price is now trading below $0.505 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above $0.515. Ripple’s Token Price Eyes Bullish Break

After another drop, Ripple’s XRP found support near the $0.458 zone against the US Dollar. The price traded as low as $0.4589 and recently started a fresh increase, like Bitcoin and Ethereum.

There was a move above the $0.480 resistance. XRP climbed above the 23.6% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. Besides, there was a break above a major bearish trend line with resistance near $0.4840 on the 4-hour chart of the XRP/USD pair.

The price is now trading below $0.505 and the 100 simple moving average (4 hours). It seems to be facing resistance near the $0.505 zone.

Source: XRPUSD on TradingView.com

The next major resistance is near the $0.5145 level or the 61.8% Fib retracement level of the downward move from the $0.5490 swing high to the $0.4589 low. The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might start a strong rally toward the $0.570 resistance. Any more gains might call for a test of the $0.600 resistance.

Another Rejection in XRP?

If ripple fails to clear the $0.5145 resistance zone, it could start another decline. Initial support on the downside is near the $0.484 zone.

The next major support is at $0.458. If there is a downside break and a close below the $0.458 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.432 support zone.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $0.484, $0.458, and $0.432.

Major Resistance Levels – $0.505, $0.515, and $0.525.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price could rally ripple token xrp start

Источник: newsbtc.com

price could → Результатов: 126


December Cryptocurrency Predictions Report: Tron (TRX), Litecoin (LTC) and Binance Coin (BNB) forecast to continue slump, but other coins could recover

Price comparison site finder.com releases December Cryptocurrency Predictions Survey, 11 coins forecast Panellists provide thoughts on recent fall, cautiously optimistic for some coins in December Binance Coin (BNB), Litecoin (LTC), and TRON (TRX) forecast to drop further Stellar (XLM), Cardano (ADA), and bitcoin (BTC) predicted to increase   The experts on personal finance comparison site […] The post December Cryptocurrency Predictions Report: Tron (TRX), Litecoin (LTC) and Binance Coin (BNB) forecast to continue slump, but other coins could recover appeared first on CaptainAltcoin.

2018-12-5 17:17


ZCash (ZEC) Long-term Price Analysis – December 2

ZEC/USD Long-term Trend – Ranging Distribution territories: $120, $140, $160 Accumulation territories: $50, $30, $10 Last week, the ZEC/USD market worth was in a bearish trend outlook, but the crypto could not push southwards further after hitting a strong accumulation territory of the $60 on November 25. Between November 26 and 27, the crypto tried […]

2018-12-2 11:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.

XRP Price To Reach $1.68? Here’s What Will Drive It

Crypto analyst Jonathan Carter has predicted that the XRP price could rise to $1. 68. The analyst, however, noted what needs to happen before the crypto token can attain such heights.   How XRP Price Will Rise To $1.