XRP (XRPUSD) Bulls Are Gaining Strength

XRP (XRPUSD) Price Forecast: July 9

The XRP bulls are gaining strength as the coin market flashes a bullish pattern. The rising volume is due to investors’ interest and confidence in the asset. If buyers raise their market activity vigorously, the coin may continue its bullish trend to the upper resistance level of $3.365 and higher, reflecting promising growth.

Key Levels:
Resistance Levels: $2.349, $2.350, $2.351
Support Levels:    $1.775, $1.774, $1.773

XRP (USD) Long-term Trend: Bullish (Daily Chart)

The XRP pair is experiencing a jolly bullish move as the bulls are gaining strength towards the upper channel in its long-term view.
The coin price is trading above the moving averages with huge demand from buy investors, suggesting an uptrend.

The sustained bullish pressure pushed the coin price to a $0.61 barrier level during yesterday’s session, enabling the price to remain firm above the supply levels in its recent high.

At the press time today, the market price of XRPUSD at the $2.350 high level above the moving average as the daily chart opens implies that the bulls are gaining strength while the market remains in an uptrend, and as it is, it will keep growing.

Hence, there is a tendency for the coin to rise further as shown by the daily signal pointing upwards. Therefore, if the $2.197 support level holds, buyers might take the price to a high of $3.365 in its higher time prediction.

XRP (USD) Medium-term Trend: Bullish (4H Chart)

The bulls are gaining strength as upward pressure dominates the XRPUSD market in the medium-term outlook. The price currently trades above the moving averages, confirming its bullish trend.
The coin buyers’ pressure on $2.271 resistance level during the previous session has enabled the token price to rise above the supply levels lately.

As the 4-hourly session begins, the current market value of XRP at a $2.350 supply value above the moving averages confirms that bulls are getting stronger and that there is a high level of investor interest in the cryptocurrency.

Thus, a breakout above the $2.338 prior peak value would enable buyers to regain control and potentially drive the coin price toward the upper resistance area.

In addition, with the daily stochastic pointing upwards, we can expect more bullish action if all the support holds in place.

Due to this, the price of XRPUSD might surge to the $3.365 upper high level as the bulls continue to gain strength on the medium-term forecast.

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