📈 Price Predictions

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

  • Alex Dovbnya
    📈 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?

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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 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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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