XRP has just escaped from the $0,25 zone, but seems to have encountered a new very strong resistance. What will happen next, and can XRP break the current level? Let’s check one XRP price prediction from TradingView – it will give you a clearer picture of XRP price.
XRP has breached the $0.26 resistance and was rejected at $0.28. It means that we should expect a pullback to the $0.265 to $0.27 levels. XRP will stay in this channel for a few days and only then retest $0.28. If it breaches $0.28, expect a run to $0.33. It may take up to three more tries before if breaches $0.28.
Generally, Ripple just printed a strong bullish candle to break pass 0.269 (EMA50). This setup is quite bullish if the daily candle closes above EMA50 and can signal that XRP/USD is ready to move higher.
Most probably, XRP will retest the $0.28 level during this or the next week. Keep tabs on the market!
Alex Dovbnya
Denys Serhiichuk
Vladislav Sopov