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XRP price forecast: is Ripple bouncing bullish again?

 


XRP Price Prediction: Is Ripple on the up again?

In the last XRP price forecast , which we published around two weeks ago, we wrote: “The XRP price did not correct to the golden ratio support at around USD 0.39, but is already finding support slightly below the 0.382 Fib level at around USD 0.454. However, XRP is already encountering significant resistance at the 50-week EMA at around USD 0.55, where Ripple was previously rejected in a bearish manner.


Furthermore, the next bearish trend line is waiting shortly afterwards, which must be broken so that Ripple can rise to the golden ratio at around USD 0.67. However, the MACD is clearly bearish in the daily chart, because the histogram is ticking bearishly lower and the MACD lines are bearishly crossed. The RSI is neutral.”


XRP price is once again bearishly rejected at the 0.382 Fib resistance around $0.53

XRP price was once again bearishly rejected at the 0.382 Fib resistance around $0.53, which means XRP is now back at the 0.382 Fib support around $0.455. If XRP breaks this support, XRP will find support around $0.44 at the 50-day EMA.


If this is also broken bearishly, Ripple could return to the golden ratio support at around USD 0.39 and bounce off it bullishly. In addition, the MACD histogram is ticking bearish lower and the MACD lines are also bearish crossed over.


In the 4H chart, however, the EMAs are still in a golden crossover

In the 4H chart, however, the death cross is still intact, which means that the trend remains bullish in the short term. However, not much is missing before the EMAs cross bearishly. Furthermore, the MACD histogram is ticking bearish lower and the MACD lines are bearish crossed over.


XRP is failing the 50-week EMA resistance

Ripple price failed to clear the 50-week EMA around $0.55. This means that the next resistance of the golden ratio at around USD 0.68 remains untouched.


XRP is likely to correct to the golden ratio around $0.39 unless the 0.382 Fib support around $0.455 holds. In addition, the histogram of the MACDs has been ticking bearishly lower since last week.


However, the MACD lines are still crossed bullishly and the RSI is neutral.


In the monthly chart, the MACD histogram has been ticking bullishly higher since last month

On the monthly chart, the MACD histogram has been ticking bullishly higher since last month, which is a bullish sign. However, XRP still appears to be bearishly rejected at the 50-month EMA around $0.515.


In the medium term, XRP finds significant support at around USD 0.33 at the latest and between USD 0.114 and USD 0.17.


Against BTC, the ripple price is fighting with the golden ratio resistance

The Ripple course was able to break out bullishly against BTC last month. The XRP course then encountered bearish rejection at the golden ratio resistance at around 0.000029 BTC. Furthermore, the 50-month EMA is serving as additional resistance at this price level.


Should Ripple correct now, XRP will find significant Fib supports at around 0.00002 BTC and 0.000015 BTC at the latest. The MACD is still clearly bullish in the monthly chart. Because the histogram ticks bullishly higher and the MACD lines are bullishly crossed.


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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