XRP Price Prediction – April 4
The price of Ripple above the moving averages as the price touches the daily high of $0.62
XRP/USD Market
Key Levels:
Resistance levels: $0.78, $0.79, $0.80
Support levels: $0.48, $0.47, $0.46
XRP/USD bulls are in control of the market as the price rises from $0.57 to $0.62 above the 9-day and 21-day moving averages. However, the technical indicator RSI (14) is seen moving towards the overbought region. This indicates that the daily trend is still bullish while the overall market sentiment may continue with sideways movement.
What is the Next Direction for Ripple?
At the time of writing, XRP/USD is trading at $0.60 after touching the high of $0.62. A building bullish momentum suggests that XRP could continue to scale the levels towards $0.70 critical resistance. From a technical point of view, the price is currently in the hands of the bulls as observed by the technical indicator which is hovering above the 60-level. Meanwhile, as the RSI (14) remains at the upside, the bullish grip may continue to strengthen.
However, the nearest resistance for the market is located at $0.68, $0.70, and $0.72. As it appeared on the daily chart, there’s no sign of a decisive move at the moment. However, if the $0.55 support gets weak, a price break-down may occur as the bears may find additional low at $0.50, $0.48, and $0.46 support levels.
Against Bitcoin, the pair is consolidating within the channel and moving above the 9-day and 21-day moving averages. Meanwhile, the buyers have been trying to push the price above the channel so as to take it to the resistance levels of 1200 SAT and above.
Looking at the daily chart, if the bulls failed to hold the price, then XRP/BTC may experience more downtrends and the nearest support levels for the coin are located at 850 SAT and below. Meanwhile, the technical indicator RSI (14) moves above 60-level to indicate more bullish signals.
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