XRP Price Prediction: Bulls Aim For Fresh Surge To $0.70
21 Marzo 2024 - 10:58PM
NEWSBTC
XRP price found support at $0.5680 and started a fresh increase.
The bulls are now aiming for a move toward the $0.700 resistance.
XRP found support near $0.5680 and started a recovery wave above
$0.60. The price is now trading above $0.620 and the 100 simple
moving average (4 hours). There was a break above a key bearish
trend line with resistance at $0.610 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 Regains Traction After a major decline, XRP price found
support near the $0.5680 zone. A low was formed at $0.5684 and the
price started a fresh increase, like Bitcoin and Ethereum. There
was a move above the $0.580 and $0.600 resistance levels. The price
cleared the 23.6% Fib retracement level of the downward move from
the $0.7440 swing high to the $0.5684 low. There was also a break
above a key bearish trend line with resistance at $0.610 on the
4-hour chart of the XRP/USD pair. Ripple’s token price is now
trading above $0.620 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 move from
the $0.7440 swing high to the $0.5684 low. Source: XRPUSD on
TradingView.com The first key resistance is near $0.700, above
which the price could rise toward the $0.7440 resistance. A close
above the $0.7440 resistance zone could spark a strong increase.
The next key resistance is near $0.7650. If the bulls remain in
action above the $0.7650 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 Decline? If XRP fails to
clear the $0.6560 resistance zone, it could start another decline.
Initial support on the downside is near the $0.630 zone. The next
major support is at $0.600. If there is a downside break and a
close below the $0.600 level, the price might accelerate lower. In
the stated case, the price could retest the $0.5680 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 – $0.630, $0.600, and $0.5680. Major Resistance
Levels – $0.6560, $0.700, and $0.7440.
Ripple (COIN:XRPUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Ripple (COIN:XRPUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024