XRP price long-term forecast: bullish
The Ripple (XRP) coin is currently facing resistance at $0.63, with another obstacle expected at $0.69. However, if buyers can overcome these resistances, the market may rally to highs of $0.75 and $0.85. On the downside, if bears break the moving average lines, XRP could fall to $0.58.
XRP indicator analysis
The price of XRP is currently above the moving average lines, indicating a potential rise if it remains above the 21-day SMA. However, if bears break below the moving average lines, the cryptocurrency could fall. The sideways trend is reflected in the horizontal moving average lines.
Technical indicators:
Key resistance levels – $0.80 and $1.00
Key support levels – $0.40 and $0.20
What is the next move for XRP?
XRP is currently trading in a positive trend zone, with its price above the moving average lines and the support level of $0.63. The future trend of the cryptocurrency will depend on market dynamics and whether there is strong buying at lower price levels.
Recent price activity has shown XRP trapped between the moving average lines.
Hot Take: XRP poised for bullish movement
The outlook for Ripple (XRP) appears to be bullish in the long term, with resistance levels at $0.63 and $0.69 being key challenges for buyers to overcome. If successful, a rally to highs of $0.75 and $0.85 may be possible. However, a break below the moving average lines could lead to a fall in XRP’s price. It is important to monitor the cryptocurrency’s movement and the strength of buying activity at lower price levels.
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