The XRP price has been showing great performance again. Today, the third-ranked cryptocurrency in the world has encountered an almost 5.3% gain and has touched $ 0.295 at the time of writing this. XRP’s trading volume also increased tremendously in the past few days. Is XRP price building gains above $0.292. Let’s see it in more detail.
Ripple Price Analysis: XRP Price and Bulls are Climbing
It seems that bulls are climbing again. At the moment, bulls have a lot of momentum and they could climb above $0.30 in the next few hours. The percentage change in the current market cap of XRP vs USD, compared with 24hrs ago, is increased by almost 5.32%. On the other hand, the percentage change in the Bitcoin-denominated current market cap of XRP, compared with 24hrs ago is increased by almost 3.6%.
As mentioned earlier, the XRP/USD price is currently trading at $0.295 and it’s looking for more without a lot of resistance to the upside. The daily chart is looking bullish with the MACD displaying notable bull momentum and both EMAs on the edge of a bull cross. The key metrics are as follows:
24hr Change +5.32%
24hr Vol $327,284,997
Liquid Marketcap $9,427,829,849
Liquid Supply 31,878,315,960
Ripple Price Analysis: Short-Term XRP Price Forecast is Bullish
The Ripple price is currently heavily bullish in the short-term. The daily uptrend is notably strong and the XRP price still hasn’t hit its yearly high at $0.346. The 1 hr range between XRP’s lowest and highest trading prices could be $0.294 – $0.296 while the range between XRP’s lowest and highest trading prices in 24 hours could be $0.276 – $0.303.
The next most important resistance level could be at $0.304. Bulls could then finally face the 2020-high. If XRP price begins to strengthen then buyers could use the 12-EMA for the support.
Ripple Price Analysis: XRP Price Monthly Chart Analysis
The most important chart for the XRP/USD price in the long-term is its monthly chart. The Ripple price has been in a downtrend since December 2017 but now a breakout above $0.340 would establish an uptrend.
Ripple price is showing bullish behavior and it is in an uptrend but there are still some resistance levels to conquer. The trading volume is growing and the RSI is still not overextended. The bulls are somewhat facing the 200-EMA resistance at $0.305, so there is a strong resistance area between $0.30 and $0.31.
The next resistance level could be at $0.313, which is near the 25-EMA but XRP is also meeting all the other short-term resistance points. The RSI could be in the center and could be accountable for no influence on XRP’s price. We wish you happy trading!
- Shiba Inu Price Prediction: How High can SHIB Price reach by 2030?
- XRP Price Analysis: How high can Ripple Price go in 1 month?
- Ripple (XRP) Price Inches Away From Breaking $0.30, Whales Increasing
- Conservative Cardano Prediction for 2023 – How high can Cardano go?
- Ripple Price Analysis: What’s Next For XRP Price?
- Chainlink Price Analysis: Can Link Price touch $12?
- Top 3 DeFi Price Prediction Uniswap, Chainlink, Band Protocol: DeFi market explodes following ETH all-time high
- Ripple Price Prediction – How High will XRP reach in 2050?
- Ripple Price Analysis: XRP Price Showing No Improvements
- Ripple Price Analysis: Will the XRP Price continue to drop?
- Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023?
- Ripple (XRP) Price Suffers A Massive Blow Down to $0.23
- XRP Price Could Slide Lower In The Short-Term
- Ripple Price Analysis: XRP Jumps 4% After PayPal Announcement
- Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right
- Ripple Price Prediction: XRP Could be Poised For Further Correction Down to $0.40
- Ripple (XRP) cracks $0.20 and aims to hit $0.23 again
- XRP Price is about to BOOM if the crypto market recovers! Buy $XRP?
- Band Protocol Price Analysis: BAND Price Gains 500% in 30 Days!
- Top 3 Price Prediction: Bitcoin, Ethereum and Ripple on the verge of a massive breakout
- XRP / Ripple Price Forecast – What’s Next For The XRP Token?
You might also like
More from Ripple
How high can XRP reach? Will XRP reach 1$ before March 2023? Let's examine closely in this XRP analysis and …
Let's take a look at the top ten cryptocurrencies by market capitalization and predict them for 2023. What will happen to these …