Advertisement
Advertisement
Advertisement
Advertisement
Home NEWS CRYPTO ALTCOIN NEWS Ripple price prediction: XRP could reach $ 2 if ...

Ripple price prediction: XRP could reach $ 2 if this critical support remains unshaken

-

- Advertisement -

Ripple price prediction: XRP could reach $ 2 if this critical support remains unshaken

Ripple has corrected from its recent annual high of $ 1.5 to the $ 1.45 zone. Holding this support zone plays a key role in ensuring that XRP continues its uptrend. Otherwise, the bearish outlook will be towards $ 1.12 or $ 1. Meanwhile, the fourth-ranked cryptocurrency on Coinmarketcap must protect the important short-term technical pattern to secure the uptrend to $ 4.

Ripple bull can win

Ripple is moving in an ascending parallel pattern, as seen on the 4-hour chart. Holding on to this critical area will ensure that XRP remains in an upward trajectory.

The bulls appear to be facing stiff resistance at $ 2. A breakout of $ 1.5 will likely trigger large buy orders towards $ 2 as speculation intensifies in the XRP community.

XRP / USD four-hour chart

The MACD indicator is currently moving sideways in positive territory. The MACD line (blue) remains below the signal line. A cross above the signal line will send a bullish signal by buyers to take advantage of the breakout to $ 2.

It is worth mentioning that closing the day below the mid support of certain channel will cause significant losses. The support at $ 1.2 can be retested, but if the lower edge of the channel is penetrated, the pull of the bears could create a downside beard to $ 1.

Ripple's intraday level

  • Spot rate: 1.45 USD
  • Trend: sideways
  • Volatility: High
  • Support: 1.4 USD and 1.2 USD
  • Resistance levels: $ 1.48 and $ 1.5

Read more:

- Advertisement -
Advertisement
Advertisement
Advertisement
Binance Reputable Exchange
- Advertisment -Binance Reputable Exchange

TOP TRANSACTION FLOOR

HOT NEWS OF THE WEEK

Name Price
Bitcoin
Bitcoin(BTC)
$ 11,756.05
Ethereum
Ethereum(ETH)
$ 408.00
ripple
XRP(XRP)
$ 0.289
Bitcoin-cash
Bitcoin Cash(BCH)
$ 292.23
eos
EOS(EOS)
$ 3.40