Changelly

Cryptocurrency

XRP May Spike Above $0.80 Level

1 Mins read


The Ripple price prediction shows that XRP is ready to renew the bullish trend after crossing above the 9-day moving average.

XRP/USD Market

Key Levels:

Resistance levels: $0.75, $0.80, $0.95

Support levels: $0.52, $0.47, $0.42

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD regains ground to touch the daily high at $0.65 during the European session today. The Ripple price is currently changing hands at $0.64 and with the recovery; the coin is now hovering above the 9-day moving average.

Ripple Price Prediction: Would Ripple Price Move to the Upside?

The Ripple price is moving towards the resistance level of $0.70 as the initial move above the 21-day moving average could boost the price further up. The Ripple (XRP) heads to the upside before retreating to where it is currently trading. Looking at the coin from above, more bullish movements may come into play if the Ripple price moves to cross above the 21-day MA, the nearest resistance level could be found at $0.70.

In the meantime, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) moves above the 40-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.65 level may most likely push the coin towards the potential resistance levels of $0.75, $0.80, and $0.85 while a drop below the lower boundary of the channel may lead to the supports of $0.52, $0.47, and $0.42 respectively.

Cloudbet bonus

Against Bitcoin, the Ripple price is seen moving slightly above the 9-day moving average. After the coin touches the daily high at 1649 SAT today, the coin later retreated to the low of 1627 SAT. Meanwhile, the price may follow the upward movement as the buyers are ready to put pressure on the market.

XRPBTC – Daily Chart

Moreover, should the sellers return to the market, the Ripple price may drop to the support of 1400 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross above the 40-level as the market is ready to face the upward movement in the next positive direction while the resistance level could be located at 1800 SAT and above.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:



Source link

Related posts
Cryptocurrency

Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

2 Mins read
Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12…
Cryptocurrency

TAG Heuer Now Accepts Online Bitcoin As Payment

1 Mins read
TAG Heuer, a luxury watchmaker from Switzerland, is now accepting bitcoin and other cryptocurrencies as payment online. TAG partnered with BitPay to…
Cryptocurrency

Building a more open financial system: How Coinbase detects bad actors | by Coinbase | May, 2022

3 Mins read
By Paul Grewal, Chief Legal Officer Tl;dr: At Coinbase, we take our responsibility to build a more open, accessible financial system very…

Leave a Reply

Your email address will not be published. Required fields are marked *