Price Analysis

Ripple XRP/USD Price Prediction and Technical Analysis, will it break $0.40 strong support zone?

  • Ripple (XRP) is trading at around $0.40 while Bitcoin (BTC) has shown a bullish move in the last few days.
  • Daily Relative Strength Index (14) is in the neutral zone while MACD Level (12, 26) is in the oversold zone.
  • XRP/USD is having strong support at $0.40 in the short-term.

Ripple (XRP/USD) the 3rd largest cryptocurrency by market capitalization is trading at $0.403576 breaking the strong support zone of $0.39 USD. Many traders would like to see its price above $0.50 at the end of this month. XRP/USD is up by around 1.18% from the last 24 hour with a market capitalization of $17,152,763,204 as per CoinMarketCap.

Recently Bitcoin once again gained the momentum and reached the level of $8630 (at press time), there are chances that it would soon hit $9000 USD.

Ripple XRP/USD Price Chart

Ripple XRP/USD Price Chart by TradingView

While Ripple XRP/USD is trading around $0.40 breaking the last support zone of $0.39 USD. However, if we look at the daily technical indicators like moving averages, it suggests buying. Daily oscillators are also indicating buying signal in the long-term. The Volume Weighted Moving Average (20) is in the oversold zone.

If we look at the hourly moving averages then we find that almost all the indicators are in the strong bullish zone in the short-term. While Oscillators are in the oversold zone indicating sell pressure zone. The hourly MACD Level (12, 26) is 0.00135 and is indicating a sell pressure zone.

XRP/USD Key Levels

Ripple XRP/USD has strong support at around $0.40 if the bulls managed to break this price zone then it might go above $0.41 in short-term. $0.4086 is the resistance (R1) while $0.4134 and $0.4219 is the resistance R2 and R3 respectively.

The support zone S1, S2 and S3 in case of Ripple (XRP) are $0.3952, $0.3867 and $0.3818 respectively.

This article should not be considered as investment advice. Please conduct your own research before investing in any cryptocurrency.

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

4 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

5 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

7 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

8 months ago

This website uses cookies.