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XRP Price Prediction: Will Ripple Keep Up?

 


According to our last price forecast, the XRP price was able to bullishly break the 50-day EMA to rise to around USD 0.36. What's next?


Ripple Price Prediction: Is the XRP Price Rising Now?

Five days ago we wrote about Ripple: “The Ripple price could not bounce off the golden ratio support at around USD 0.33 again, but fell briefly to around USD 0.318. However, the XRP price immediately rose again to the golden ratio support at around USD 0.33, which means that the XRP price could now try again to break the 50-day EMA resistance at around USD 0.35. "


XRP price breaks the 50-day EMA and rises to $0.36

The XRP price has risen very sharply in the last five days and bullishly broke the 50-day EMA resistance. The XRP price then peaked at around USD 0.362 and started the day with a downward movement today. The Ripple price is already finding support at the 50-day EMA at around USD 0.35 and should this be broken bearishly, significant Fibonacci supports are waiting for the Ripple price at around USD 0.343 and USD 0.33 at the latest.


In addition, the histogram of the MACDs in the daily chart is ticking bullishly higher and the MACD lines are also bullishly crossed.


A golden crossover could be established in the 4H chart

In the 4H chart, the EMAs are very close, which could establish a golden crossover. This would confirm the trend as bullish in the short term. In contrast, the MACD on the 4H chart is showing a bearish tone. The histogram is ticking bearishly lower and the MACD lines are about to cross bearishly. In the short term, the Ripple course could correct now.


In the weekly chart, some resistance is waiting for the XRP course

In the weekly chart, the MACD behaves like in the daily chart. The histogram of the MACDs has been ticking bullishly higher since last week and the MACD lines are also bullishly crossed. Meanwhile, the RSI is neutral.


For XRP to have any chance of continuing the upward move, XRP needs to bullishly break the golden ratio around $0.37 and then the price level around $0.4. Only then can XRP price establish a higher high around $0.53, where Ripple price faces significant resistance at the 0.382 Fib level and 200-week EMA.


While it is bullish that XRP was able to establish a higher bottom the week before last instead of dropping to the recent bottom around $0.29, the EMAs are coming dangerously close on the weekly chart. Should they cross bearishly, it would be a death cross, confirming the trend bearishly in the medium term.


In the long term, the Ripple price is in a bear trend anyway

In the long term, the Ripple price is in a downward trend anyway. If Ripple is rejected at one of the Fibonacci resistances, XRP will find significant support between USD 0.245 and USD 0.305 at the latest. Otherwise, significant support for the Ripple price is waiting between USD 0.114 and USD 0.17.


Also, the RSI is showing neutral while the MACD lines remain bearish crossovers. However, so far this month, the MACD histogram is ticking bullishly higher and should it close on a bullish note, it would indicate the start of a new bull cycle.


Against BTC, XRP price is struggling with the 50-week EMA resistance

Against BTC, Ripple price was first rejected in a bearish way at the golden ratio resistance around 0.00001815 BTC and then at the 50-week EMA around 0.0000173 BTC. If Ripple breaks this resistance, Ripple could make another attempt to bullishly break the golden ratio resistance around 0.00001815 BTC.


Otherwise, Ripple finds significant Fibonacci support at and 0.0000145 BTC.


Otherwise, the histogram of the MACDs in the weekly chart is ticking bullishly higher for the fourth week in a row and the MACD lines are also crossed bullishly, while the RSI is neutral.


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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