Key Support Levels: $0.25, $0.20, $0.15
XRP/USD Long-term Trend: Bullish
On April 23, Ripple rebounded at the low of $0.186 but was resisted at $0.20. The market pulled back above $0.195 support. The bulls have succeeded in breaking the initial resistance at $0.195 but have failed to push above $0.20 resistance. The market is trading and attempting to break above $0.20. However, a strong rebound at the low of $0.195 will catapult the coin above $0.20 resistance. The momentum will continue if price breaks above $0.20500 resistance. The new uptrend will reach a high of $0.22 and $0.24 price level.
Daily Chart Indicators Reading:
The exponential moving averages have a bullish crossover. The 21-day SMA crosses over the 50-day SMA. XRP has risen above level 55 of the Relative Strength Index period 14. It is also above the centerline 50 which indicates a possible rise.
XRP/USD Medium-term Trend: Bullish
On the 4 hour chart, Ripple is in an uptrend but battles the resistance at $0.20 and $0.20500. Recently, a rebound broke the $0.19500 resistance, but the bulls were unable to push above $0.20. Yesterday, the bulls tested the $0.20 resistance but were repelled. A strong rebound is possible to break the resistances of $0.20 and $0.20500.
4-hour Chart Indicators Reading
The 50-day and the 21-day SMAs are sloping sideways as the market trades below resistance at $0.20. XRP is above 60% range of the daily stochastic. This implies that Ripple is in a bullish momentum.
General Outlook for Ripple (XRP)
Ripple is trading below $0.20 and $0.20500 resistances. Buyers have failed to push above $0.20 resistance as XRP lacks buying at higher levels. There is a possible rise of the coin as price is above the EMAs.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
