The price of Ripple started off well and neared our target at ±$0.35. Now, XRP’s price is struggling again. Can XRP have another strong rally?
XRP Price Forecast – Almost 100% in price gains and golden crossover!
The price of XRP reached $0.326, and with that, was only slightly below our ±$0.35 target. As it can always come to smaller deviations, we use “±” to make it clear that it is always best to consider deviations of 5-10%. In this case, the deviation was exactly 5%.
Currently, the XRP price finds itself in a correction phase, and as such on its way to the 0.328 Fib support level at ±0,263 $. Additionally, the MACD lines crossed bearishly and the histogram is ticking lower, also bearish.
XRP Price Forecast – The weekly chart makes the bear trend obvious!
In the weekly chart, the months long downwards trend of XRP becomes apparent. Ripple’s price formed a “lower high”, confirming the bear trend. Nevertheless, the enormous increase in the trading volume is to be viewed bullishly. But still, the MACD’s histogram is having a bearish development here as well. Should the 0.382 Fib support not hold at ±$0.2631, XRP’s price could return all the way back to the golden ratio support at ±$0.2.
Significant resistance for XRP is still between 0.32767 and 0.3677 $.
XRP Price Forecast – Is a massive bull run imminent for XRP?
In the monthly chart the MACD lines lie right before a bullish crossover, and the histogram has been bullishly ticking higher for months. Therefore, the XRP price could witness a renewed upturn in the medium term. After all, the trading volume is also at a record high. Should the XRP price be able to break the golden ratio at ±$0.35, it could rise up to the 0.382 Fib level at ±$1.33.
XRP Kurs Prognose – wie siehts mit dem XRP/XBT Pair aus?
The XRP price is struggling against Bitcoin with the significant 50-Weekly-EMA resistance at 0.00002918 BTC. The MACD is developing backwards at the moment. Should the 50-Weekly-EMA be broken, a price target of 0.000037 BTC would be possible, because the last significant high of the XRP/XBT price lies there. After that, XRP would still face significant resistance at 0.000047 BTC, where the 200-Weekly-EMA would be waiting for it.
Otherwise, significant support is waiting or XRP between 0.00001277 and 0.00001875 BTC.
Best Regards and successful trades
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
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