Ripple XRP Price Prediction Today: Upside limited amid a growing bullish momentum


XRP Price Prediction
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Ripple XRP Price Prediction Today: Upside limited amid a growing bullish momentum

  • Ripple is trading at $0.3071 following a 0.47% loss on the day.
  • Ripple technical analysis points towards sideways trading in the short-term.

The recent widespread bearish correction on the market did not spare Ripple. The intraday charts show Ripple having lost 0.44% of its value following the declines on Thursday and Friday. At press time, Ripple is trading at $0.3071 following a 0.47% loss on the day.

XRP/USD 4-hour chart

XRP Price Predcition
Chart source: Tradingview

The 4-hour chart shows the formation of a triangle pattern which is currently closing at $0.2990 level. However, there is a high chance that the price will make a significant headway past $0.3000 in the event we see an upside correction, Meanwhile, we are likely to see a correction with Ripple sliding back into the support congestion zone between $0.2990 and $0.3000. Similarly, experts on the market believe Ripple will sustain the sideways trading around $0.3000. However, Ripple does have a bullish outlook in the short-term according to Ripple first-quarter report.

The 4-hour chart for XRP/USD, technical analysis show that Ripple is poised for an upside reversal following the support formed at $0.2800. Ripple’s upside is initially capped at $0.3100. The chart also places the second support at $0.3000 and the third at $0.2800.

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On the upside, the price will face resistance at the 100 SMA 4-hour at $0.3145 and the 50 SMA 4-hour at $0.3246. The fact that the 50 SMA is above the longer term 100 SMA, shows that the bulls still have a lot of influence on the price which is flirting with $0.3066 amid a building bullish momentum that is building towards $0.3100 (immediate resistance).

According to the RSI, the bullish momentum is likely to correct higher in the short-term. The RSI at 47.0354 is trending sideways after the rejection from the levels around 50.00. The upside will also depend on XRP/USD correction past $0.3100, besides the bulls have eyes on $0.3200 in the near-term.

Read More: Ripple (XRP) Price Prediction: x3 ($1.0) by the end of 2019?

Ripple XRP Technical Indicators

RSI-hour: 47.0354

100 SMA: $0.3244

EMA 200: 0.3220

Support 1: $0.3000

Support 2: $0.2900

Support 3: $0.2784

Resistance 1: $0.3127 (intraday high)

Resistance 2: $0.3200

Resistance 3: $0.3300

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Ripple XRP Price Prediction Today: Upside limited amid a growing bullish momentum
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Ripple XRP Price Prediction Today: Upside limited amid a growing bullish momentum
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Ripple is trading at $0.3071 following a 0.47% loss on the day. Ripple technical analysis points towards sideways trading in the short-term.
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Disclaimer The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Author: John Isige

John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

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John Isige 129 Articles

John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

Follow John @