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Ripple XRP/USD Price Prediction and Technical Analysis, will it bounce back to $0.30?

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6 years ago

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Ripple XRP Price Prediction and Technical Analysis
  • Ripple XRP price is down by -11.66% within the last 24 hours.
  • XRP/USD trading at $0.374 at press time.
  • XRP/USD is correcting the bullish move that had later this week.
  • The price under sell pressure and might soon reach $0.34 USD

Ripple XRP was on a bullish move just after Bitcoin bull run. During this bull run, the XRP price reached $0.474619 USD within the last 7 days. The 7 day low is $0.298230 USD which shows that this was a massive bull run.

XRP is correcting its price after the bull run as it increased more than 50% within the 7 days.

Ripple XRP/USD Price Analysis

At the press time, XRP/USD is trading at $0.375401 USD  and is down by about (-11.53%) in the last 24 hours. The market capitalization of XRP is $15,816,896,075 USD and the 24 hour trading volume is $3,748,849,763 USD.

Ripple XRP Price Analysis 17th May 2019
Ripple XRP Price Chart by TradingView

XRP/USD will be consolidating in the range of $0.3600 – $0.4000 and if the bear is able to break the $0.3600 then it will have further support at around $0.3300 and $0.3100 USD.

However the resistance levels are $0.4000, $0.42000 and $0.4500 USD.

Additional key levels:-

MACD Level (12, 26) for XRP on daily basis is 0.02159 which is indicating a buy signal.

Stochastic RSI Fast (3, 3, 14, 14) is in the neutral zone as it is between the buying and selling pressure zone.

Relative Strength Index (14) is also in the neutral zone for both daily and hourly price chart.

Daily Pivot Point S1 0.28314
Daily Pivot Point S2 0.25981
Daily Pivot Point S3 0.22203
Daily Pivot Point R1 0.35870
Daily Pivot Point R2 0.38203
Daily Pivot Point R3 0.41981

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.