XRP Price Prediction: Topside Bias Vulnerable Unless It Surges Past $0.38

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	27,153,814,468	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

27,153,814,468

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0173	-3.36%	0.4977	0.4978	0.4979

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0173

-3.36%

0.4977

0.4978

0.4979

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5197	0.4878	0.5141	0.515	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5197

0.4878

0.5141

0.515

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	20:05:14	101.38	0.4977	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

20:05:14

101.38

0.4977

USD

Price x Volume	Volume	Base Symbol	Related Pairs
30,435,766.94	60,726,268.64	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

30,435,766.94

60,726,268.64

XRP Price Prediction: Topside Bias Vulnerable Unless It Surges Past $0.38

16/03/2023 8:21am

NEWSBTC

Ripple is struggling to stay above the $0.35 support against the US Dollar. XRP price must surpass $0.38 to start a fresh increase and avoid a downside break. Ripple is consolidating losses above the $0.35 support against the US dollar. The price is now trading below $0.38 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.3760 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally if there is a close above the $0.376 and $0.380 resistance levels. Ripple Price Faces Resistance This week, ripple’s XRP faced resistance near the $0.3880 zone against the US Dollar. The price failed to gain bullish momentum and started a fresh decline below $0.380, unlike bitcoin and ethereum. The bears were able to push the price below the $0.3750 support and the 100 simple moving average (4-hours). The price traded as low as $0.3571 and is currently consolidating losses. XRP price is now trading below $0.38 and the 100 simple moving average (4-hours). On the upside, an initial resistance is near the $0.3700 zone. The first major resistance is near the $0.3725 level and the 100 simple moving average (4-hours). It is near the 50% Fib retracement level of the downward move from the $0.3880 swing high to $0.3751 low. Source: XRPUSD on TradingView.com The next key resistance is near the $0.3750 level. There is also a major bearish trend line forming with resistance near $0.3760 on the 4-hours chart of the XRP/USD pair. A successful break above the $0.376 resistance might send the price towards the $0.388 resistance. Any more gains might send the price towards the $0.400 level. Downside Break in XRP? If ripple fails to clear the $0.376 resistance zone, it could continue to move down. An initial support on the downside is near the $0.357 level. The next major support is near $0.352. If there is a downside break and close below the $0.352 level, xrp price could extend losses. In the stated case, the price could even decline below the $0.340 support and retest the $0.320 support. 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 – $0.357, $0.352 and $0.340. Major Resistance Levels – $0.372, $0.376 and $0.400.

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XRPUSD Ripple