XRP Price Prediction – Why Bulls May Have A Chance For Fresh Bullish Streak? - ADVFN

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Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	3,353,330,363	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.030	0.41%	7.32	7.32	7.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
7.41	6.92	7.27	7.29	2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:43:18	0.273400	7.32	USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,325,211.75	463,022.99	ICP	ICPEUR	ICPGBP	ICPBTC

XRP Price Prediction – Why Bulls May Have A Chance For Fresh Bullish Streak?

03/10/2023 6:54am

NEWSBTC

Ripple’s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50. Ripple’s token price is correcting gains from the 0.550 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels. Ripple’s Token Price Holds Key Support In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin and Ethereum. The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high. However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance. More Losses in XRP? If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours). The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.475 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.505, $0.500, and $0.490. Major Resistance Levels – $0.520, $0.532, and $0.550.

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