XRP (XRPUSD) Signals a Bullish Flag

XRP (XRPUSD) Price Forecast: May 15

The XRP market remains positive as it signals a bullish flag, indicating that the bulls are gaining strength in the XRP market. The cryptocurrency has been gaining momentum for the past few weeks. From the look of things, the coin may continue its bullish movement if buyers aggressively increase their activities in the market. However, the coin price might surge to reach the $3.352 and extend to hit the $3.400 upper resistance level and beyond, resulting in massive gains for coin investors.

Key Levels:
Resistance Levels: $2.550, $2.600, $2.650
Support Levels: $1.950, $1.940, $1.930

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

The XRP market signals a bullish flag and looks nice for long-term investors, as the coin is experiencing a jolly bullish move in its long-term view.
The coin price is above the moving average line with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The sustained bullish pressure at a $2.544 high in the last session has enhanced the crypto price firm above the supply level in its recent high.

At the press time today, the market price of XRPUSD signals a bullish flag at the $2.576 supply level above the moving average-50 as the daily chart opens, implying that the price is in an uptrend, and from the way it is at the moment, it will keep growing.

Despite the uptick in XRPUSD price, the bulls must prove their strength by breaking above a $3.352 resistance to keep the trend intact.

Hence, there is a tendency for the coin to rise if the support level holds. In light of this, buyers might take the price up to a high of $3.400 upper resistance level, in the coming days, signaling a bullish flag in its long-term perspective.

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

In the medium-term time frame, the XRPUSD pair shows a bullish flag as the prices are above the moving averages and have confirmed an upward momentum, breaking the previous high. The pair is in a smooth uptrend as seen from the chart below.
The sustained bullish pressure pushed the currency pair up to a $2.408 high level during the last session, making it possible for the pair to show a bullish flag and remain firm in an uptrend at its recent high.

As the 4-hourly chart opens today, the price of XRP signals a bullish flag as it surges sharply above the resistance trend lines at the $2.567 level due to a strong bullish influence on the crypto.

Thus, a possible breakout from the $2.656 prior neckline barrier will accelerate the buying momentum and push the prices towards the overhead resistance, suggesting a high bullish recovery sentiment.

In addition, the daily stochastic pointing upwards suggests more bullish action. As a result, the price of XRPUSD might jump to a $3.400 upper high level in the days ahead in its medium-term outlook.

Buy XRP on eightcap.com