Ripple Resumes Uptrend as Buyers Recoup above $0.50
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Ripple (XRP) Long-Term Analysis: Bullish
Ripple (XRP) price enters the bullish trend zone as buyers recoup above $0.50. The price of XRP rose to a high of $0.58 before declining. It is anticipated that the upward trend will carry on when XRP completes the minor correction. The price indicator predicts that the coin will keep rising. A bearishly trending candle body attempted to ascend to the 50% Fibonacci retracement level on March 21. The retracement predicts that XRP will rise to level 2.0 of the Fibonacci extension, or $0.63. Based on price movement, buyers will need to break over the $0.55 level to resume the uptrend. The altcoin will be compelled to move in a range of the existing resistance is maintained.
Ripple (XRP) Indicator Analysis
The cryptocurrency asset’s Relative Strength Index for period 14 is at level 64. Ripple is now increasing and could do so further. Since the price bars remain above the moving average lines, they will continue to rise. XRP has crossed the daily Stochastic’s level 25 and is now going upward.
Technical Analysis
Major Resistance Levels – $2.00, $2.50, $3.00
Major Support Levels – $1.50, $1.00, $0.50
What Is the Next Direction for Ripple (XRP)?
Ripple’s bullish momentum has resumed as buyers recoup above $0.50. XRP will increase on the 4-hour chart after it crosses above the 21-day SMA The Doji candlestick’s presence means that the price movement is currently unchanged.
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