XRP Price Prediction – Will It Break Through This Key Resistance and Rally?
September 19 2023 - 12:49AM
NEWSBTC
Ripple’s token price is rising above $0.50 against the US Dollar.
XRP price could start a fresh rally if it clears the $0.515 and
$0.525 resistance levels. Ripple’s token price is attempting a move
above $0.515 and $0.525 against the US dollar. The price is now
trading above $0.500 and the 100 simple moving average (4 hours).
There is a connecting bullish trend line forming with support near
$0.500 on the 4-hour chart of the XRP/USD pair (data source from
Kraken). The pair might gain bullish momentum if there is a close
above $0.515. Ripple’s Token Price Could Accelerate Above $0.515 In
the last XRP price prediction, we discussed a possible upward move
in Ripple’s XRP against the US Dollar. The price did follow a
positive path above the $0.480 pivot level, like Bitcoin and
Ethereum. There was a clear move above the $0.50 resistance zone.
It climbed above the 50% Fib retracement level of the key decline
from the $0.5491 swing high to the $0.4590 low. The bulls are now
attempting more gains above the $0.515 resistance. XRP is now
trading above $0.500 and the 100 simple moving average (4 hours).
Besides, there is a connecting bullish trend line forming with
support near $0.500 on the 4-hour chart of the XRP/USD pair. On the
upside, immediate resistance is near the $0.515 level. It is close
to the 61.8% Fib retracement level of the key decline from the
$0.5491 swing high to the $0.4590 low. The next major
resistance is near the $0.5250 level. A close above the $0.525
level could send the price toward the $0.550 barrier. Source:
XRPUSD on TradingView.com A successful break above the $0.550
resistance level might start a strong rally toward the $0.585
resistance. Any more gains might call for a test of the $0.600
resistance. Are Dips Limited in XRP? If ripple fails to clear the
$0.515 resistance zone, it could start a downside correction.
Initial support on the downside is near the $0.50 zone and the
trend line. The next major support is at $0.490. If there is a
downside break and a close below the $0.490 level, XRP’s price
could extend losses. In the stated case, the price could retest the
$0.458 support zone. Technical Indicators 4-Hours MACD – The MACD
for XRP/USD is now gaining pace in the bullish zone. 4-Hours RSI
(Relative Strength Index) – The RSI for XRP/USD is now above the 50
level. Major Support Levels – $0.500, $0.490, and $0.458. Major
Resistance Levels – $0.515, $0.525, and $0.550.
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Nov 2023 to Dec 2023
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Dec 2022 to Dec 2023