Ripple (XRP) Price Analysis: Can Bulls Touch $0.43 or Not Yet?

  • Alex Morris
    📈 Price Predictions

    Ripple has also entered a bullish rally along with Bitcoin and Ethereum. Trade volumes have increased followed by growth. We conducted a price analysis of XRP to explain how its movements up and down influence the rate of the coin


Ripple (XRP) Price Analysis: Can Bulls Touch $0.43 or Not Yet?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuesday has started with a positive sign for Ripple. Stagnation has switched to a bullish rally. On the breakdown of local resistance, the position has been increased. Currently, quotes are moving in an uptrend. The ultimate goal is $0.43.

XRP/USD

 

XRP/USD chart by tradingview
XRP/USD chart by TradingView​​​​​

Since the growth we observed over the weekend is not corrective, we now see the beginning of an impulsive upward movement, and in this case, one needs to pay attention to interaction with a horizontal resistance level of $0.3366.

The price of XRP is trading at $0.3294 at the time of writing.

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