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Ripple XRP price prediction; XRP price headed above $0.46

ripple shares expansion plan

The past week was not very good for the cryptocurrencies. The XRP/USD pair depreciated; however, there was resistance at the point of $0.4500, but the coin even crossed the stable support level of $0.4400. It fell below the 55 moving average periods (4-hours).

The price tested at the crucial level of the $0.400 and then surged again to reach the level of $0.4200. When the price reaches $0.4350, the increase in the price was quite slow; however, it was steady.

Ripple XRP price prediction; XRP price headed above $0.46 1Ripple XRP price chart by Trading View

The 4-hour price chart revealed a strong bullish line and the support is found to be at $0.4400.

A decline below this level can set the support level around $0.4200, and more depreciation can cause the support to reach to $0.400. On the upward point, the price can reach $0.4600, and more surge in the value can cause the resistance level to reach to $0.4800.

Currently, the price chart indicates that the bullish pattern for Ripple with a support area around $0.4400 and the price can break this point it can reach to $0.4600. If the surging trends prevail, the target of $0.5000 can be achieved in the near future.

The technical indicators revealed the following results. The MCAD indicator shows slow and steady bullish trends for XRP/USD pair. The RSI is indicating at above 50 levels and surging market.

The key support levels are found to be $0.4400, $0.4350 and $0.4200, and the resistance levels are currently standing at the $0.4600 and $0.4800 marks.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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