XRP Price Prediction: Slight Decrease to $0.20

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  • 📈 Price Predictions

    Analyzing the important levels of XRP in order to locate fixed short-term growth.

XRP Price Prediction: Slight Decrease to $0.20
Cover image via www.tradingview.com

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.

Against yesterday's price fluctuations, XRP returned to its previous position. While most of the other altcoins are located in the green, the price of this coin has increased by roughly 2% since yesterday.

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Below is the relevant data for XRP at press time:

  • Name: XRP

  • Ticker: XRP

  • Market Cap: $9,471,051,808

  • Price: $0.218803

  • Volume (24H): $1,461,664,706

  • Change (24H): 1.64%

XRP/USD: Can the Bulls Accumulate Their Efforts?

Looking at the 1H chart, XRP is showing indications of being dominated by the bulls in the short-term. While the rate has rolled back from yesterday's pump, the price is approaching the $0.22 level.

XRP/USD chart by TradingView

In terms of the nearest price forecast, both, the Moving Average Convergence/Divergence (MACD) and the relative strength index (RSI) are moving upwards, confirming the ongoing dominance by buyers. What is more, the buying volume has overtaken the selling volume, indicating a bullish outlook. Respectively, the $0.22 mark might be reached soon.

XRP/USD chart by TradingView

Looking at the bigger time frame, the overall picture is less positive. Yesterday, the long bullish candle closed with a high wick. This means that buyers could not fix the growth of XRP. 

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Moreover, the moving averages are going down, negating any chance for growth. In this regard, the price of XRP is likely to fluctuate between the $0.212-$0.217 range as outlined in the graph.

At press time, XRP is trading at $0.2168.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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