• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Robinhood Crypto records 6 million customers in 2021

    Robinhood Crypto records 6 million customers in 2021

    Cryptocurrency investment

    Cryptocurrency investment in Australia is high, survey

    Bitcoin security

    Bitcoin Security: MIT’s long term project backed by crypto authorities

    Litecoin price

    Litecoin price prediction: LTC to fall to $150 support level

    Elon Musk

    Elon Musk under investigation for Dogecoin tweet

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Anchorage prepares for institutions with $80 million Series C

    Anchorage prepares for institutions with $80 million Series C

    Falling GBTC premium

    Falling GBTC premium may cause investors to dump BTC – Peter Schiff

    Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

    Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

    Bitcoin price

    Bitcoin price slumps below $45,000

    Robinhood Crypto records 6 million customers in 2021

    Robinhood Crypto records 6 million customers in 2021

    Cryptocurrency investment

    Cryptocurrency investment in Australia is high, survey

    Bitcoin security

    Bitcoin Security: MIT’s long term project backed by crypto authorities

    Litecoin price

    Litecoin price prediction: LTC to fall to $150 support level

    Elon Musk

    Elon Musk under investigation for Dogecoin tweet

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Ripple News

Ripple price prediction: XRP/USD bulls relentless to push Ripple past $0.50

Gurpreet Thind by Gurpreet Thind
February 7, 2021
in Ripple News
4 min read
Ripple price prediction XRPUSD bulls relentless to push Ripple past $0.50
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Ripple price prediction suggests breakout above the wedge pattern
  • Hourly charts display a renewed bullish wave sweeping the price action
  • Bearish wedge pattern gives way to a fresh new buying spree
  • Ripple price prediction of $0.755 seems a possibility on daily charts
Ripple price prediction: XRP/USD bulls relentless to push Ripple past $0.50 1
Cryptocurrency heat map by Coin360

Ripple price prediction touching $0.755 may soon be a reality as the price has broken out of the bearish wedge pattern. The XRP/USD is approaching the Bollinger Band’s upper range and faces an uphill task to build a breakout. The resistance near the $0.50 will see sellers emerging from the shadows to take the pair downwards once again.

Traders and investors must proceed with caution as the wild ride in XRP/USD may not be over yet. The past week saw the price fluctuate wildly between a vast range of $0.30 to $0.7550. However, the wild streak did infuse a lot of trading energy and attention into the pair. No wonder both institutional investors and day traders are now looking at Ripple price prediction to get a piece of the pie.

RelatedPosts

Ripple loses another partner as MoneyGram pulls out of deal amid SEC lawsuit

Ripple-SEC lawsuit: No agreement reached as XRP price crashes

Ripple price prediction: XRP at crossroads between a significant bull run and a severe selling spree

61 Million XRP tokens moved by crypto exchanges

At the time of writing, the pair is trading at $0.4162 and is likely to end the week near the current range. XRP has managed to keep a significant portion of the gains it accumulated in the past week. The correction from the highs also helped tone down the overbought technical indicators. The bulls may use the thin weekend liquidity to surpass the $0.4560 resistance mark. However, sellers are also preparing their move near the Bollinger Bands’ upper zone at the $0.4648 level.

Ripple price movement in the last 24 hours – Shrinking price range ready to breakout

The Bollinger Bands are shrinking further as we approach the end of the day. Today, the price is stuck in a tight range between $0.4033 to $0.4368. Thus, the contracting bands are going to send the price in either direction. The price is likely to skyrocket higher towards $0.50 resistance channel with an intense buying action underneath.

Ripple price prediction still has a light at the end of the tunnel for the bulls. At the time of writing, the price is trading marginally under the 9-day simple moving average but above the 50-day simple moving average. The breakout from the bearish wedge pattern has created an ascending price channel on the hourly charts. Ripple price prediction shows that the price is targeting the next immediate resistance at the $0.44 level.

The number of XRP whales seems to be increasing with each dip in the price. The massive support at $0.35 makes evident the presence of XRP whales at the next immediate support level. The buying frenzy can kick off once the price closes above the $0.4500 level. The explosion in XRP whale activity comes amid an unfavorable SEC ruling regarding Ripple. The technical set up favors the bulls on the hourly charts.

XRP/USD 4-hour chart: Technical indicators predict a breakout

Ripple price prediction: XRP/USD bulls relentless to push Ripple past $0.50 2
Ripple price chart by TradingView

Various technical indicators together paint a positive picture on the hourly charts. The RSI is at 48, which is the mid-level and suggests that the bulls have a wide-open space ahead. The MACD is neutral and has a shade of positive bias with both trend lines intertwined. The Bollinger Bands are sending a clear bullish signal. The extreme contraction in Bollinger Bands makes for a perfect breakout opportunity in the XRP/USD pair.

However, being overly bullish does not mean that traders ignore the bearish possibility. The volatility can bring a downward spiral in the pair causing it to slip near the $0.35 support level. The bulls need to maintain the buying momentum to push the price past key resistances at $0.46 and then at $0.50.

Ripple price prediction conclusion: Buyers ready to push XRP past $0.50

The social activity has risen manifold ever since last week’s sharp spike upwards. The extraordinarily bullish Ripple price prediction has now turned more muted, but the upwards bias remains. Apart from the weekend volatility, the movement on the daily charts favors bulls.

The intermediate supports have not been tested yet, and the price may revisit these levels during any extended corrections. XRP does have support from the broader crypto market, which is still sending positive notes.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Tags: cryptocurrency tradingcryptomarket
Gurpreet Thind

Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

Related Posts

Ripple
News

Ripple loses another partner as MoneyGram pulls out of deal amid SEC lawsuit

February 23, 2021
Ripple-SEC lawsuit
Ripple News

Ripple-SEC lawsuit: No agreement reached as XRP price crashes

February 23, 2021
Ripple price prediction
Ripple News

Ripple price prediction: XRP at crossroads between a significant bull run and a severe selling spree

February 22, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Anchorage prepares for institutions with $80 million Series C

Anchorage prepares for institutions with $80 million Series C

February 26, 2021
Falling GBTC premium

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

February 26, 2021
Dubai fund to trade $170 million Bitcoin for Polkadot and Cardano

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

February 26, 2021
Bitcoin price

Bitcoin price slumps below $45,000

February 26, 2021
Robinhood Crypto records 6 million customers in 2021

Robinhood Crypto records 6 million customers in 2021

February 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

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