In this Ripple price prediction, XRPUSD bearish trend line has been broken by a bullish candlestick. Will it recover or move below $0.25?
Ripple Price Prediction
Ripple (XRP) price appears to be on the bearish trend. The $0.29 support level was able to hold on long enough for the bulls to take charge once again. While the downtrend line has been broken by a bullish candlestick, traders need to wait for a candlestick to confirm they are on the opposite side of the trend.
While the price of Ripple could rise to $0.3, the bulls, on the other hand, may face resistance over the trend line, making the price to drop back to $0.28. In the meantime, the Stochastic indicator is around range 20, which is the oversold region. This suggests that Ripple price is in bullish momentum and is a buy signal.
XRPUSD Short-term Price Prediction
As the 1-hour char shows, XRPUSD is in a bearish trend. Yesterday, April 25, XRPUSD price declined to a low of $ 0.29045, and it was predicted that the price would keep on falling to $0.28. Nevertheless, the $0.29 support level managed to hold the resist the bears until the trend was broken.
While the bearish trend line has been broken, Currently, XRPUSD price is below its Exponential Moving Averages (EMAs), thus, suggesting that we’re not yet in the clear. Moreover, if these indicators are broken, it can be expected that Ripple price would climb to price levels of $0.30, $0.31, or even $0.32. Meanwhile, the Stochastic oscillators are in the overbought region over 60, which indicates a bullish trend.
- Resistance Levels: $0.56, $0.58, $ 0.60
- Support Levels: $0.29, $0.27, $0.25
Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The Information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.