Ripple XRP the 3rd largest cryptocurrency by market capitalization is currently trading at $0.319067 (17.01%) according to Coinmarketcap while writing this post. The 24h High for this cryptocurrency is $0.33700 and 24h Low is $0.26662. The market capitalization for Ripple XRP while writing this post is $12,701,763,937 USD.
Ripple [XRP] is in a massive bullish move as the price surges more than 15 percent within minutes. Ripple is going to launch xRapid soon within one month. Also, there is news that one of the major retail Saudi Bank joins the Ripple network for International payments.
Ripple Price Prediction and Technical Analysis
While looking at the 1-day forecast the 10-day Exponential Moving Average is 0.28742 and 20-day Exponential Moving Average (EMA) is 0.29590. Now both of these data shows buying, also while looking at the 10-day Simple Moving Average which is 0.27850 recommends buying.
The Relative Strength Index (14) is 54.43258 which is in the neutral zone and the MACD Level (12, 27) is -0.01430 recommending buying. While looking at the 1-h forecast the Exponential Moving Average (10) is 0.31157 and EMA (20) is 0.30051.
The Simple Moving Average (10) is 0.31418. All the EMA (10), EMA (20) and SMA (10) are showing a strong buy signal. The MACD level is recommending buying while the Ultimate Oscillator (7, 14, 28) for XRP is 61.32102 which is in neutral zone.
The Relative Strength Index (14) in the 1h forecast is 70.24600 which is in the neutral phase. The MACD level (12, 27) is -0.01243.
This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.