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

• 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.

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.