XRP (XRPUSD) Price Forecast: July 5
Today, the XRP market price rises again. The bulls are gaining strength, returning a recovery sentiment and boosting the crypto buying pressure. From the look of things, the coin may continue its bullish movement if buyers can aggressively increase their activities. Due to this, the token price may surge to the $3.365 peak barrier and extend to $3.400 upper resistance level, reflecting promising growth.
Key Levels:
Resistance Levels: $2.656, $2.658, $2.660
Support Levels: $1.775, $1.774, $1.773
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRP pair rises again as it experience a jolly bullish move in its long-term view.
The coin price is above the moving averages, moving towards the upper region. Thus, the recent market structure has favored the bulls.
The order flow from the bulls at a $2.234 resistance level in the previous session has enabled the crypto price to remain firm above the supply levels in its recent high.
Today, the XRPUSD market looks promising on the daily chart as it rises above the $2.259 resistance amid soaring network activity.
Therefore, closing a daily candle and an upward breakout over the $3.365 barrier will give buyers a strong foundation to drive the crypto price higher, providing coin buyers with an excellent entry opportunity.
Hence, there is a tendency for the coin to rise further, if the support level holds. This will enable buyers to drive the price up to a high of $3.400 supply value, potentially setting the coin’s price to a new high in its long-term outlook.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The long-term market value of XRP is moving in a bullish direction. The coin price is trading above the EMA-50 approaching the overhead resistance with huge volumes from the bulls.
Today’s market value of XRP at a $2.259 supply value above the moving averages as the 4-hourly session opens, affirms the presence of more buyers in the market.
Therefore, the buying pressure on the cryptocurrency would increase if it broke above $2.337.
Additionally, with the daily stochastic pointing upwards, more bullish action is expected if all the support holds in place.
In light of this, the XRPUSD might jump up to the $3.400 upper high level in its medium-term outlook.
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