XRP Price Forecast: Ripple is Primed For Rally And Only 1 Thing is Holding it Back

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	28,845,131,022	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

28,845,131,022

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0015	-0.28%	0.5288	0.5288	0.5289

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0015

-0.28%

0.5288

0.5289

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5334	0.5241	0.5299	0.5303	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5334

0.5241

0.5299

0.5303

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	23:24:49	0.889610	0.5289	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

23:24:49

0.889610

0.5289

USD

Price x Volume	Volume	Base Symbol	Related Pairs
11,902,664.62	22,500,218.88	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

11,902,664.62

22,500,218.88

XRP Price Forecast: Ripple is Primed For Rally And Only 1 Thing is Holding it Back

03/11/2022 8:58am

NEWSBTC

Ripple is facing resistance near $0.46 against the US Dollar. XRP price could start a fresh rally if it is able to clear the $0.46 and $0.478 resistance levels. Ripple is consolidating above the key $0.442 support zone against the US dollar. The price is facing hurdles near $0.460 and the 100 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a strong increase if there is a clear move above $0.462 and $0.482. Ripple Price Prepares For The Next Move After a sharp decline, ripple’s XRP found support near the $0.4220 zone against the US Dollar. XRP formed a base above the $0.4220 level and started a fresh increase, similar to ethereum and bitcoin. There was a clear move above the $0.435 and $0.445 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. However, the price struggled to clear the $0.4800 resistance and the 100 simple moving average (4-hours). It failed to clear the 61.8% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. The price is now facing hurdles near $0.460 and the 100 simple moving average (4-hours). There is also a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP/USD pair. The main resistance is near the $0.478 and $0.480 levels. A successful break above the $0.478 and $0.480 resistance levels could spark another rally. Source: XRPUSD on TradingView.com The next key resistance is near the $0.500 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level. Downside Break in XRP? If ripple fails to start a fresh increase above the $0.478 level, it could start a fresh decline. An initial support on the downside is near the $0.442 level. If there is a downside break and close below the $0.442 level, xrp price could start a major decline. In the stated case, the price could even decline below the $0.422 support. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.442, $0.422 and $0.405. Major Resistance Levels – $0.462, $0.48 and $0.50.

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XRPUSD Ripple