XRP Price Prediction – Can 100 SMA Trigger Another Steady Increase

XRP
price
is
correcting
gains
from
the
$0.570
resistance.
The
price
is
stable
above
the
$0.5240
support
and
might
aim
for
a
fresh
increase
in
the
near
term.

• XRP
  started
  a
  decent
  increase
  and
  climbed
  above
  the
  $0.550
  resistance.
• The
  price
  is
  now
  trading
  above
  $0.5250
  and
  the
  100
  simple
  moving
  average
  (4
  hours).
• There
  is
  a
  key
  bullish
  trend
  line
  forming
  with
  support
  at
  $0.5320
  on
  the
  4-hour
  chart
  of
  the
  XRP/USD
  pair
  (data
  source
  from
  Kraken).
• The
  pair
  could
  start
  another
  increase
  if
  the
  bulls
  defend
  the
  $0.5240
  support.

XRP
Price
Holds
Support

Recently,
XRP
price
started
a
decent
increase
above
the
$0.5250
resistance
zone.
The
bulls
even
pushed
the
price
above
the
$0.550
resistance
zone
before
the
bears
appeared.

A
high
was
formed
at
$0.5699
before
there
was
a
pullback
like

Bitcoin
and

Ethereum.
The
price
dipped
below
the
$0.550
support
zone.
The
price
declined
below
the
23.6%
Fib
retracement
level
of
the
upward
move
from
the
$0.4787
swing
low
to
the
$0.5699
high.

However,
the
price
is
now
stable
above
$0.5250
and
the
100
simple
moving
average
(4
hours).
There
is
also
a
key
bullish
trend
line
forming
with
support
at
$0.5320
on
the
4-hour
chart
of
the
XRP/USD
pair.

Source:

XRPUSD
on
TradingView.com

Immediate
resistance
is
near
the
$0.5480
level.
The
first
key
resistance
is
near
$0.570.
A
close
above
the
$0.570
resistance
zone
could
spark
a
strong
increase.
The
next
key
resistance
is
near
$0.5850.
If
the
bulls
remain
in
action
above
the
$0.5850
resistance
level,
there
could
be
a
rally
toward
the
$0.620
resistance.
Any
more
gains
might
send
the
price
toward
the
$0.680
resistance.

More
Losses?

If
XRP
fails
to
clear
the
$0.5480
resistance
zone,
it
could
start
another
decline.
Initial
support
on
the
downside
is
near
the
$0.5320
level
and
the
trend
line.

The
next
major
support
is
at
$0.5240
and
the
100
simple
moving
average
(4
hours).
If
there
is
a
downside
break
and
a
close
below
the
$0.5240
level,
the
price
might
accelerate
lower.
In
the
stated
case,
the
price
could
retest
the
$0.50
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
above
the
50
level.

Major
Support
Levels
–
$0.5320,
$0.5240,
and
$0.500.

Major
Resistance
Levels
–
$0.5480,
$0.570,
and
$0.600.

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