XRP price still has a chance to shoot higher

Should Ripple break lower, look for the $0.50 marker as an excellent position to buy the dip.

XRP Price Ranges – July 5
The market worth of Ripple XRP/USD’s price ranges around the value of $0.60 to trade at $0.65. The crypto’s percentage rate is estimated at -5.41 as of writing.

Price Ranges: XRP Market
Key Levels:
Resistance levels: $0.80, $1, $1.20
Support levels: $0.50, $0.40, $0.30

XRP Price Prediction

XRP/USD – Daily Chart
There have been variant smaller candlesticks that characterize the XRP/USD price ranges mainly around $0.60. The 50-day SMA indicator is between the values of $0.80 and $1 above the 14-day SMA trend-line as the bearish trend-line drew downward to join the smaller SMA in a backing-resistant manner. The Stochastic Oscillators are in the overbought region with conjoint lines, indicating that a consolidation movement is ongoing in the crypto economy presently.

When will there be an end to the current sideways as the XRP/USD price ranges?

From the technical view of analysis, two points of $0.60 and $0.80 involve in the present range-bound trading outlook of the XRP/USD. Being as it is, the crypto’s price tends to range more until several sessions especially, while both the two market-movers refuse to come with full force. However, the current level appears to be one of the best times for investment.

On the downside, the market level at $0.80 needed to be held by bears for re-launching their positions. A trading indicator suggests that the momentum to the upside is presently losing grand on a gradual term. As a result, if the downward force increases, the Ripple XRP’s valuation may revisit a lowly-previous point around the level of $0.50. And, in an extension of that, the support level of $0.40 could be the actual target. After, a quick rebounding movement may surface to suggest an end of the assumed downward force.

XRP/BTC Price Analysis

In comparison, the market valuation of Ripple XRP versus Bitcoin appears now that the base crypto’s price ranges pairing with the flagship counter instrument. The 50-day SMA indicator has briefly intercepted by the 14-day SMA trend-line to the south close over the current trending situation of the two cryptos. The bullish trend-line drew to nurse the belief that the base trading tool still has a weightier trending potential as paired with its counter instrument. The Stochastic Oscillators in the overbought region, trying to point northbound further to indicate that the base crypto possesses greater potency of trending than the counter crypto in the near time.

XRP Price Prediction
XRP Price Prediction

XRP Price Prediction: XRP/USD Price Ranges at $0.60

XRP price is technically all about triangles, Ripple eyes $0.80

  • XRP price had a good run this weekend, coming off the low of $0.627 from Friday. 
  • The negative turn this morning bounced off a multi-week descending trend line. 
  • With another triangle formation, Ripple is made or break for the run higher toward $0.784.

XRP price was blessed as well this weekend with the overall positive recovery in cryptocurrencies. The majors like Bitcoin and Ethereum made solid profits, but sentiment shifted on with profit-taking that erased the gains from the past weekend. 

XRP price still has a chance to shoot higher

Ripple made a solid recovery this weekend, coming from $0.626 toward $0.707, a 13% move to the upside that got squared during the Asian session on Monday. The top cryptocurrencies could not hold their gains and dragged the rest of the market with them to the downside, pairing losses. 

The break to the downside in XRP price out of the smaller triangle should not be a red flag for buyers. Just below, Ripple has the $0.626 level that held during the weekend to the downside. Should Ripple break lower, look for the $0.50 marker as an excellent position to buy the dip.