XRP Price Prediction: Can Bulls Pump It Again To $0.75
26 Março 2024 - 6:28AM
NEWSBTC
XRP price found support at $0.5685 and started a fresh increase.
The bulls could gain strength if they manage to push the price
above $0.6560. XRP found is attempting a fresh increase from the
$0.5680 support zone. The price is now trading above $0.630 and the
100 simple moving average (4 hours). There is a key bullish trend
line forming with support near $0.6440 on the 4-hour chart of the
XRP/USD pair (data source from Kraken). The pair could start a
fresh rally if there is a close above the $0.6560 resistance zone.
XRP Price Eyes Fresh Surge After a major decline, XRP price found
support near the $0.5685 level. A low was formed at $0.5685 and the
price started a fresh increase, like Bitcoin and Ethereum. There
was a move above the $0.5850 and $0.600 resistance levels. The
price cleared the 23.6% Fib retracement level of the downward wave
from the $0.7442 swing high to the $0.5686 low. The bulls pushed
the price above the $0.640 resistance zone. Ripple’s token price is
now trading above $0.630 and the 100 simple moving average (4
hours). On the upside, immediate resistance is near the $0.6560
zone. It is close to the 50% Fib retracement level of the downward
wave from the $0.7442 swing high to the $0.5686 low. Source: XRPUSD
on TradingView.com The first key resistance is near $0.700, above
which the price could rise toward the $0.7320 resistance. A close
above the $0.7320 resistance zone could spark a strong increase.
The next key resistance is near $0.7440. If the bulls remain in
action above the $0.7440 resistance level, there could be a rally
toward the $0.800 resistance. Any more gains might send the price
toward the $0.820 resistance. Another Drop? If XRP fails to clear
the $0.6560 resistance zone, it could start another decline.
Initial support on the downside is near the $0.640 zone and the
trend line. The next major support is at $0.620. If there is a
downside break and a close below the $0.620 level, the price might
accelerate lower. In the stated case, the price could retest the
$0.5685 support zone. Technical Indicators 4-Hours MACD – The MACD
for XRP/USD is now losing 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 – $0.640, $0.620, and $0.5685. Major
Resistance Levels – $0.6560, $0.700, and $0.7440.
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