• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Play FinanceTry
  • Claim 7 BTCTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Bitfinex And Crypto Bank OrionX Forged Partnership To Broaden Presence In Latin America
Ripple

XRP Price Prediction: Ripple Bulls Are Not Done Yet And Still Aim $0.5

Aayush Jindal by Aayush Jindal
2 months ago
in XRP
Reading Time: 2 mins read

Ripple is gaining pace above the $0.420 and $0.440 resistance levels against the US Dollar. XRP price is up over 5% and there could be more upsides in the near term.

  • Ripple is gaining pace above the $0.465 resistance against the US dollar.
  • The price is now trading above $0.465 and the 100 simple moving average (4-hours).
  • There is a key rising channel forming with support near $0.4720 on the 4-hours chart of the XRP/USD pair (data source from Kraken).
  • The pair might continue to rise towards $0.500 or even $0.520 in the near term.

Ripple Price Outperforms Bitcoin and Ethereum

This past week, ripple’s XRP corrected gains and tested the $0.420 support against the US Dollar. The price remained well bid above the $0.420 zone and recently started a fresh increase.

There was a clear move above the $0.435 and $0.440 resistance levels. The price is up over 25% in the past few days, outperforming bitcoin and ethereum. There was a break above the 50% Fib retracement level of the downward move from the $0.4926 swing high to $0.4096 low.

XRP price is now trading above $0.465 and the 100 simple moving average (4-hours). There is also a key rising channel forming with support near $0.4720 on the 4-hours chart of the XRP/USD pair.

It is attempting a close above the 76.4% Fib retracement level of the downward move from the $0.4926 swing high to $0.4096 low. On the upside, an initial resistance is near the $0.4920 zone.

XRP Price Prediction Ripple

Source: XRPUSD on TradingView.com

The first major resistance is near the $0.500 level. The next key resistance is near the $0.520 level. A successful break above the $0.520 resistance might send the price towards the $0.550 resistance. Any more gains might send the price towards the $0.580 level.

Dips Supported in XRP?

If ripple fails to clear the $0.492 resistance zone, it could start a downside correction. An initial support on the downside is near the $0.4720 level and the channel trend line.

The next major support is near $0.460. If there is a downside break and close below the $0.460 level, XRP price could extend losses. In the stated case, the price could even test the $0.420 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 – $0.472, $0.460 and $0.420.

Major Resistance Levels – $0.492, $0.500 and $0.520.

Tags: RipplexrpXRPBTCXRPUSDxrpusdcxrpusdt
Tweet123Share196ShareSend
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services. Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.

Related Posts

Ripple (XRP)

XRP Price Prediction: Bulls Aim Big After Recent Surge Above $0.5

1 day ago
XRP

XRP Breaks 2-Year Trendline: Is A 500x Surge On The Horizon?

3 days ago
Ripple (XRP)

XRP Price Prediction: Rally Gathers Pace, $0.55 Target In Sight

4 days ago
XRP

XRP Revisits $0.47 – What Can Be Expected For Short-Term Price Movement?

7 days ago
XRP

Whales Flock To XRP, Accumulate 52 Million Tokens In Just 3 Weeks – Here’s Why

7 days ago
Ripple XRP

XRP Bears Prevail As Asset Retreats From Recent Highs

1 week ago

Premium Partners

Play Finance

Now Trending

  • Potential 20x+ Crypto Presales 2023

    3 days ago
  • Willing to buy new crypto: Here are the best 10...

    3 days ago
  • Best Crypto Meme Coin Presales in 2023

    3 days ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

  • The Impressive growth of DigiToads (TOADS) is surprising...

    29 mins ago
  • Fantom (FTM) Finds Support, Would Avorak Trade Have Made...

    2 hours ago
  • Following the Footsteps of Giants: InQubeta (QUBE) Could...

    2 hours ago
  • Social Trading Phenomenon – How It Has Changed the...

    8 hours ago
  • Don’t get dumped on buying DOGE or SHIB, Avorak has...

    21 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Claim 7 BTC

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.