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XRP price forecast: Ripple price bearishly dismissed

 


The XRP course bounced off the golden ratio support and was then rejected in a bearish manner. Nevertheless, XRP is showing more bullish than ETH and BTC.


XRP price forecast: is the Ripple price bouncing now?

In the last XRP price forecast we wrote: “ The Ripple price is now at Golden Ratio support at around USD 0.33, from which Ripple could bounce off strongly. XRP encounters the crucial Fibonacci resistance at around USD 0.36 and USD 0.38, because without a break in the golden ratio at around USD 0.38, the correction wave remains intact. "


The XRP course rebounded strongly and reached USD 0.371

XRP price bounced sharply off our correction target of $0.33 and surged to $0.371 . The Ripple price reached the first price target of around USD 0.36, but the golden ratio remained unaffected at around USD 0.38. The correction wave remained intact and Ripple returned to the golden ratio support at around USD 0.33.


There, XRP could now bounce again to rally to around $0.36. On the other hand, if the Ripple price breaks the golden ratio support at around USD 0.33 in a bearish manner, there is only significant support for the Ripple price between USD 0.245 and USD 0.305. The Ripple price could fall 8 to 26% if the golden ratio support at around USD 0.33 is broken bearishly.


In addition, the histogram of the MACDs in the daily chart has been ticking bearishly lower since yesterday and the MACD lines are also crossed bearishly. The RSI is neutral, but could develop a bullish divergence if the XRP price does not bearishly break the golden ratio support now.


4H chart shows a death cross

The 4H chart is showing a death cross, confirming the trend bearish in the near term. In addition, the XRP price is below the 50-4H-EMA and 200-4H-EMA. Furthermore, the MACD histogram is ticking bearish lower and the MACD lines are crossed bearishly. The RSI is neutral.


So it looks bearish on the 4H chart.


Weekly MACD is still clearly bullish


In the weekly chart, the MACD is still clearly bullish . After all, the histogram has been ticking bullishly higher for a few weeks and the MACD lines are also bullishly crossed. Furthermore, the EMAs are not yet bearish crossed over either. The RSI is neutral.


If the XRP price breaks the golden ratio bearishly at around USD 0.33, the XRP price could still fall sharply. For any chance of a bullish trend reversal, the Ripple price must first break the Golden Ratio resistance at around $0.4, which XRP failed to do a few weeks ago.


Monthly chart is clearly bearish for the XRP course

In the monthly chart, the XRP course is clearly bearish. The MACD histogram is ticking bearishly lower, the MACD lines are bearishly crossed and the RSI is giving neither bullish nor bearish signals. In addition, the bearish rejection at the golden ratio at around USD 0.4 confirms the bear trend.


If the Ripple price does not find a bottom between USD 0.245 and USD 0.3, the XRP price could even correct between USD 0.114 and USD 0.17. This would put the XRP price back at the 2020 low.


Ripple is giving mixed signals against BTC

Against BTC, the XRP price sometimes forms higher lows and highs, sometimes lower highs and lows. At the end of June, the XRP course was bearishly rejected at the Golden Ratio at around 0.0000185 BTC, which initially confirms the trend bearishly.


Subsequently, the XRP price failed to break the 200-day EMA resistance at around 0.0000165 BTC. But now the XRP price was able to break the 200-day EMA on the third attempt. The Ripple price thus formed a higher high point. The XRP course could now try again to break the golden ratio at around 0.0000185 BTC.


In addition, the histogram of the MACD on the daily chart is ticking bullishly higher and the MACD lines are crossed bullishly. The RSI is neutral.


Significant support is waiting for Ripple at the latest at around 0.0000147 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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