XRP Price Prediction

XRP Price Prediction: Smashing This Resistance Might Trigger Rally

Ripple is showing positive signs above the $0.365 support against the US Dollar. XRP price seems to be eyeing a fresh rally toward the $0.48 level.

Ripple is slowly moving higher and trading above $0.35 against the US dollar.
The price is now trading above $0.380 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
The pair could start a strong increase if it clears the $0.415 resistance zone.

Ripple Price Eyes Upside Break

After a strong decline, ripple’s XRP found support near the $0.320 zone against the US Dollar. The price started a decent increase above the $0.332 and $0.350 resistance levels.

The bulls were able to lift the price above the 23.6% Fib retracement level of the key drop from the $0.5098 swing high to the $0.3200 swing low. xrp price is now trading above $0.380 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.381 on the 4-hours chart of the XRP/USD pair.

It seems to be facing major resistance near the $0.415 level. It is close to the 50% Fib retracement level of the key drop from the $0.5098 swing high to the $0.3200 swing low. The next major resistance is near the $0.438 level.

Source: XRPUSD on TradingView.com

A successful break above the $0.438 resistance might send the price toward the $0.465 resistance. The next key resistance is near the $0.480 level. Any more gains might send the price toward the $0.50 level in the coming days.

Dips Limited in XRP?

If ripple fails to clear the $0.415 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.381 level, the trend line, and the 100 simple moving average (4 hours).

The next major support is nearly $0.350. If there is a downside break and a close below the $0.350 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.320 support.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 levels.

Major Support Levels – $0.381, $0.365, and $0.350.

Major Resistance Levels – $0.415, $0.438, and $0.480.

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