Ripple XRP/USD Price Prediction and Technical Analysis, will it join the next bull run?
- Ripple XRP is trading at $0.401462 USD at the press time.
- The overall market capitalization of all cryptocurrency is $247 Billion while the market cap of XRP is $16,957,351,643 USD.
- XRP price is steady at around $0.40 USD.
Ripple XRP is at present the 3rd largest cryptocurrency by market capitalization. Its price is steady at around $0.40 from the last few days. XRP/USD is trading at $0.401462 USD with a down in the price of about -4.10% from the last 24 hours.
If we look at the daily technical indicators like moving averages and oscillators we find that moving averages are in the neutral zone while oscillators are in the sell pressure zone. But on an hourly basis, the moving averages are in the strong sell pressure zone while oscillators are in the neutral zone.
Ripple XRP/USD Price Analysis
The daily Relative Strength Index (14) is 49.91280 which is below 50 and is in the neutral zone. The MACD Level (12, 26) is in the selling pressure zone with a value of 0.01187.
The daily Volume Weighted Moving Average (20) and the Hull Moving Average (9) both are in the sell pressure zone with a value of 0.41511 and 0.40846 respectively.
XRP/USD Key Levels
Now let’s have a look at the support and resistance key levels. The Resistance levels R1, R2 and R3 in case of Ripple XRP is 0.4196, 0.4309 and 0.4389 respectively. While the Support levels S1, S2 and S3 of XRP are 0.4004, 0.3924 and 0.3812 respectively.
After analysing the price movements it can be concluded that the next target level for XRP/USD is 0.4196 USD. However, there are more chances that the price will either be trading around $0.40 or it may go down to $0.3924 which is the support level (S2).
This article should not be considered as investment advice. Please conduct your own research before investing in any cryptocurrency.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.