TL;DR Breakdown
- Ripple price prediction is bullish for today.
- XRP/USD is trading at $0.9610.
- Ripple is expected to climb even higher today.
Ripple Price Prediction: General price analysis
Today’s Ripple price prediction is bullish. XRP/USD followed a favorable trend on the previous day’s price prediction chart. However, this bullish movement was halted by solid selling pressure when the daily price prediction chart set in, causing the prices to drop sharply to the lowest level on the daily price prediction chart at $0.93. The bulls seemed to be on the drawing board strategizing a possible attack that would alter the current negative trend. The bulls congregated in large numbers and amassed enough power to establish solid support that reversed the bearish trend, causing the XRP/USD to surge.
The 24-hour chart indicates, a bullish reversal for the XRP/USD. The prices are still trading in the same zone they traded yesterday. The bulls are looking forward to breaching the $1 mark before midnight.
The market is poised for an upward movement that will inevitably break the immediate resistance level at $0.9750 which will pave way for further price appreciation. XRP/USD is expected to surge to the highs of $1, if not surpass it.
The 20-day SMA, currently providing support at $0.9084 in the hourly chart above, is expected to provide resistance later in today’s price action before XRP/USD’S upward momentum returns. These are all reasons why we expect XRP/USD to rally higher today.
Ripple price movement in the last 24 hours: Ripple rallies from $0.90 support again
The price of XRP/USD fluctuated in a range of $0.8948 to $0.9909 over the last 24 hours, suggesting a significant amount of volatility. Trading volumes have increased by 7.76 percent and are now at $3.342 billion, placing the currency in sixth place overall among all cryptocurrencies.
The daily Ripple price prediction suggested that XRP/USD could find support on the 20-day SMA, which is currently holding strong at $0.9084. Although the price has made several attempts to break above $1.0067, it has remained firm and returned to touch the trend line. XRP/USD’s trading volumes began to rise again before pushing to higher prices.
The RSI,has reached 53, suggesting that the market is beginning to approach the overbought condition. However, the swings remained high, and further price movement is expected to encounter resistance at $1.1093 before moving towards $0.9909 and support.
XRP/USD 4-hour chart: XRP starts to move higher
The bears’ resistance was retested several times during the previous week, eventually resulting in a range that is currently narrow. This indicates that the price may change direction soon. XRP/USD is currently trading in the $0.9750 area, which may be resistant if it fails to hold support at $0.9484.
Ripple Price Prediction: Conclusion
Ripple price analysis is bullish. According to technical indicators XRP/USD is expect the prices to go higher before the daily price analysis chart closes. Bulls are struggling to push XRP/USD price past the daily resistance.
