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Rippleforecast

XRP commences bullish comeback toward $2 Ripple resumes uptrend as bulls shift their focus from defense to hitting highs above $2. The MACD and other short-term technical levels hint at the uptrend catching momentum. XRP must hold the price above $1.4 to sustain the price action heading to $2. Ripple trades at $1.41 following a 10% gain in 24 hours. The cross-border token has consistently rebounded from the support at $1.12. Earlier this week, XRP was rejected marginally above $1.5. Therefore, this is a second attempt to break the barriers toward $2. Ripple’s technical breakout builds momentum The four-hour chart has brought into light a descending parallel channel. The pattern has controlled the downward price action since the rejection ranges close to $2. The channel’s lower boundary support played a crucial role in stopping losses from extending under $1. Moreover, Ripple held onto the middle boundary, as discussed on Tuesday. The support allowed buyers to concentrate on lifting above the upper boundary resistance. In the meantime, Ripple has crossed above the channel’s hurdle as well as the 100 Simple Moving Average (SMA). On the upside, Ripple bulls have a task to sustain the uptrend above $1.4 and to close the day above the 50 SMA resistance. Here, more buyers would be called into the market as speculation builds for an upswing beyond $2. Other technical indicators such as the Moving Average Convergence Divergence (MACD) reinforce the bullish comeback by recovering the ground toward the mean line (0.00). Crossing into the positive region will be a powerful bullish signal. The MACD line has already crossed above the signal line, adding credence to the narrative. Ripple intraday levels Spot rate: $1.41 Trend: Bullish Volatility: Low Support: $1.4 and $1.12 Resistance: $1.5 and $1.6
BITFINEX:XRPUSDLong
by CoinGape
2
XRP bullish comeback meets acute resistance, delaying recovery Ripple faces resistance at the descending trendline and $0.6. Declines may come into the picture if the 50 SMA support in the 4-hour chart breaks. Ripple struggles to hold above the short-term support at $0.55 following a failed attempt to touch $0.6. A descending trendline has capped the immediate upside on the 4-hour chart. XRP is doddering at $0.56 at the time of writing. The bearish momentum appears to be building while declines beckon toward $0.5. Note that the 50 Simple Moving Average (SMA) is in line to offer support and prevent losses eyeing $0.5 and $0.45, respectively. In the meantime, the Moving Average Convergence Divergence (MACD) shows a consolidation move could take precedence in the near term. The MACD is horizontal within the positive region, hence the bullish inclination. Ripple will remain in the no-trade zone if technical levels remain unchanged. On the upside, a break above the descending trendline would see bulls shift the focus to $0.6. Similarly, the price action above this level could be massive due to speculation bound to rise. Recently, XRP tested the seller congestion at $0.65, which, if broken, may elevate the cross-border token toward $0.75. On the downside, losses will extend to the support highlighted by the 100 SMA at $0.5 but may stretch to $0.45. It is essential to wait for a confirmed breakout or breakout before increase or decreasing your XRP position. In other words, trades must be aware of the ongoing sideways trading. Ripple intraday levels Spot rate: $0.56 Trend: Sideways trading Volatility: Low Support: 50 SMA on the 4-hour chart, $0.5 and $0.45 Resistance: $0.6 and $0.65
BITFINEX:XRPUSD
by CoinGape
XRP explodes toward $0.6, leading crypto market recovery Ripple heads back to $0.6 upon finding support at $0.4. The resistance at $0.54 must come down to validate the upswing to $0.6. Losses under $0.5 may revisit the support at $0.4 and perhaps extend to $0.35. Ripple and THETA are the best performing cryptocurrencies in the top ten list. As discussed, THETA has rallied more than 32% in the last 24 hours but seems to have hit a wall at $14. On the other hand, XRP is up nearly 12% to exchange hands at $0.53. The recovery commenced in the wake of the mid-week losses from highs around $0.6 to the support at $0.4. Price action above the 200 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart confirmed to the investors that the path least resistance path is north. Consequently, the bullish grip strengthened when XRP stepped above the 50 SMA on the same 4-hour chart. A real break past $0.5 has opened the door for gains targeting $0.6. Meanwhile, the Moving Average Convergence Divergence has a bullish impulse. It also about to present a call to buy the dip as speculation mounts for the cross-border cryptocurrency to lift above $0.6. Massive gains are expected to come into play when the MACD line (blue) crosses above the signal line. Besides, bulls will have cemented their presence in the market if the indicator enters the positive region. Ripple has stepped above the 61.8% Fibonacci level resistance. However, the token is not out of the woods until higher support is established, preferably above $0.54. On the flip side, the former resistance between $0.5 and $0.52 must transform into formidable support to prevent losses from extending into the $0.4 range. Note that another dip toward $0.4 could pave the way for losses as far as $0.35 and $0.3, respectively. Ripple intraday levels Spot rate: $0.53 Trend: Bullish Volatility: Low Key support: $0.5 - $0.52 Key resistance: $0.54 and $0.6
BITFINEX:XRPUSDLong
by CoinGape
4
XRP explores downstream levels amid the hunt for higher support Ripple rejected at the resistance between $0.55 and $0.6, resulting in declines to $0.45. The MACD has reinforced the downtrend following the dip to the zero line on the 4-hour chart. Ripple made an about-turn move following the failure to sustain gains above $0.55. Initially, the cross-border token had stepped above $0.6, but again the momentum lost steam, opening the door for the ongoing declines. The freefall intensified, with XRP losing more than 12% in 24 hours. Several support levels were shattered, including $0.55 and $0.5. On the downside, $0.45 is functioning as the crucial support area in the short term. Ripple needs to hold the ground above the 100 Simple Moving Average (SMA) and the 200 SMA on the 4-hour chart to remove excess pressure on the level around $0.45. Otherwise, losses eyeing -$0.4 and $0.35 are likely to come into the picture. The bearish outlook has been validated by the Moving Average Convergence Divergence (MACD) indicator’s negative gradient. More sell orders will be triggered if the MACD falls into the negative territory. Besides, the least resistance path is still downwards based on the MACD line (blue) crossing under the signal line. It is worth mentioning that the pessimistic outlook will be invalidated if the support at $0.45 holds firmly and bulls force a trend reversal above $0.5. Price action past the 50 SMA on the 4-hour chart may trigger buy orders as investors speculate the rise to $0.65. Ripple intraday levels Spot rate: $0.48 Support: $0.45 Resistance: $0.5 and $0.55 Trend: Bearish Volatility: Expanding
BITFINEX:XRPUSDShort
by CoinGape
XRP primed for a 74% move as key technical pattern matures Ripple continues to with the uptrend following a break above the stubborn resistance at $0.5. An ascending triangle pattern eyes a massive upswing to $1.12. Losses under $0.5 may see the bearish leg extend back to the 200 SMA at $0.35. Ripple is nurturing an uptrend aiming for new yearly highs. This upward movement appeared after the cross-border token overcame the stubborn resistance at $0.5. Meanwhile, XRP is doddering at $0.57 amid the persistent push by the bulls to overcome the near-term hurdle at $0.6. The Relative Strength Index shows that XRP is in the bulls’ hands. At the time of writing, the RSI is in the overbought region in the wake of liftoff from the oversold area. As long as the indicator remains in the same position, we are likely to see Ripple continue with the up-trending market. Simultaneously, Ripple has printed a vivid ascending triangle pattern. This pattern is bullish and usually results in a colossal breakout. It is formed by two trendlines; one connecting the relatively equal peaks and another linking the ascending lows. A breakout comes into the picture when the price slices through the horizontal line (x-axis). Triangle breakouts tend to have exact targets measured from the highest to the lowest points, as illustrated on the chart. As for Ripple, price action above this technical pattern would result in a massive upswing, targeting a multi-year high of $1.12. Some resistance is anticipated at $0.65 and $0.75, however, once eliminated, XRP would commence the majestic uplift. If push comes to shove and the expected breakout fails to come into play, we can expect XRP to delay the ongoing uptrend. Losses under $0.5 will seek refuge at the 50 Simple Moving Average on the daily chart, the 100 SMA, and the 200 SMA. Ripple intraday levels Spot rate: $0.57 Relative change: 0.036 Percentage change: 6.8% Trend: Bullish Volatility: Low
BITFINEX:XRPUSDLong
by CoinGape
1
Ripple retests crucial support ready for 14% upswing Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing. A golden cross pattern will signify the return of the bulls in the market. The MACD indicator signals the possibility of consolidation taking precedence in the short-term. Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47.  The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels. The cross-border cryptocurrency is exchanging hands at $0.45 at writing. On Wednesday, the bullish action stalled at $0.46, forcing the price to retest the inverted head-and-shoulders (H&S) pattern’s neckline. A reversal is expected in the near-term because the bullish H&S pattern still has a 14% target of $0.51. Note that a bounce from the neckline support is regarded as bullish in technical analysis and could boost XRP significantly upwards. The hourly chart shows the possibility of a golden cross pattern forming in the short-term. This pattern comes into the picture when a shorter-term moving average crosses above the longer-term moving average. For example, the 50 SMA is about to cross above the 200 SMA. Bulls have to focus on sustaining the price above $0.45 to focus on breaking above the hurdles at $0.45 and $0.5. The impact of the inverted H&S pattern is still apparent. Therefore, the least resistance path is upwards. The Relative Strength Index (RSI) brings to light the possibility of consolidation taking precedence before the breakout occurs. The same sideways trading is echoed by the Moving Average Convergence Divergence (MACD), as it levels marginally above the midline. Ripple intraday levels Spot rate: $0.448 Relative change: -0.00034 Percentage change: 0.1% Trend: Short-term bearish bias Volatility: Low
BINANCE:XRPUSDLong
by CoinGape