Ripple Price Prediction: XRP/USD Trades Above $0.82

Ripple Price Prediction – April 3

The Ripple price prediction is rising with a gain of 2.28% over the past 24 hours as the coin rises above the $0.82 level.

XRP/USD Market

Key Levels:

Resistance levels: $1.00, $1.05, $1.10

Support levels: $0.70, $0.65, $0.60

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD is trading above the resistance level of $0.83 as the coin heads to the upside. It could be possible that the more the support level of $0.80 is tested, the more it is likely to break higher. However, if the buyers fail to push the coin to the upside, traders could expect the market price to break beneath, and this may likely test the critical support levels of $0.70, $0.65, and $0.60.

Ripple Price Prediction: Can Ripple Head to the Upside?

According to the daily chart, the Ripple price is hovering around $0.84 with a slight bullish movement within the 9-day and 21-day moving averages. However, if the bulls put more pressure, the Ripple price may face the upper boundary of the channel to hit the resistance levels at $1.00, $1.05, and $1.10.

Moreover, the technical indicator Relative Strength Index (14) is beginning to recover from the downtrend as the signal line is likely to cross above 60-level. In the meantime, the bulls may come into focus for a larger divergence if the upside is noticed.

Cloudbet bonus

When compared with Bitcoin, the Ripple price remains below the 9-day and 21-day moving averages. After bottoming out around the 1785 SAT, the price begins to slowly ascend and it is currently trading around the 1812 SAT. However, the Ripple price is now contained within the channel as traders wait for the bulls to hopefully push the price above the moving averages.

XRPBTC – Daily Chart

On the upside, if the bulls can break above the 9-day MA, traders can expect initial resistance at 1900 SAT. Above this, higher resistance could be located at 2000 SAT and above. Alternatively, If the market faces the lower boundary of the channel, XRP/USD may hit the critical support at 1550 SAT and below. Meanwhile, the Relative Strength Index (14) is moving above the 40-level and it’s likely to follow a bullish movement.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Source link

Leave a Reply