XRP/USD Price Prediction — A Rally Against the News About Nasdaq or Any Other Reason?

  • Denys Serhiichuk
    📈 Price Predictions

    Although Ripple cannot boast high prices, it remains popular among the community as even Nasdaq has paid attention to it


XRP/USD Price Prediction — A Rally Against the News About Nasdaq or Any Other Reason?

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.

Contents

These days, Ripple stands out from the top 3 coins, following positive news and the general market growth. Regarding the fundamental factors, 2 pieces of news influenced XRP’s growth.

The first one concerns Nasdaq, which added Ripple's XRP Index (XRPLX) to its Global Data Platform, and the second one is that Ripple split $1 billion of its coins from escrow to the crypto market.

Altogether, this news has pushed XRP’s rate by almost 5% over the day and increased the market capitalization by around $150 million.

Now, let’s switch to price predictions from the technical point of view.

XRP/USD 30-min chart

XRP/USD chart by TradingView

Our earlier Ripple prediction is still relevant, as XRP remains trading above the $0.30 support zone. However, at the time of writing, the coin is located in the descending channel, having lost around 3% by a short period.

Concerning the short-term scenario, the quotes will keep trading above $0.30, as the general trend has not changed to bearish. Moreover, trading volumes are also quite high, and the possibility of a decline is minimal.

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XRP/USD 4-hour chart

XRP/USD chart by TradingView

Studying the long-term analysis, one can neglect the current rollback, as the bullish tendencies will keep dominating. Such a scenario is backed by the MACD indicator, which shows an uptrend.

Overall, traders may expect XRP to reach the resistance at $0.36 in the middle of May.

The price of XRP is trading at $0.3155 at the time of writing.

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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

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Litecoin Price Analysis — Can the Upcoming Halving Push the Price to $150?

  • Denys Serhiichuk
    📈 Price Predictions

    After spectacular growth, Litecoin is moving even higher. Does LTC have strength for a new bull run before halving?


Litecoin Price Analysis — Can the Upcoming Halving Push the Price to $150?

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.

While the cryptocurrency market is waiting for a new bull run or a potential decline, Litecoin keeps going up. Currently, its quotes have increased by almost 4% over the last day; it is the only coin out of the top 5 who has not lost the value compared to its price yesterday.

Litecoin chart by CoinMarketCap

Besides the upcoming halving, the price increase might have been caused due to the partnership of Litecoin Foundation with the Bibox exchange and the blockchain-company Ternio, whose goal is to issue a plastic cryptocurrency debit card.

“The upcoming LTC reward halving will push price to $160-$170 per LTC in the middle of July, but for 1 week before halving will happen we are waiting that traders will start to fix their profit and price will have a correction on $120-$130 price level,” says Artur Dzhalilov, CEO at Vexel.

Now, let’s get to the chart to analyze the future LTC rate.

 LTC/USD chart by TradingView

On the hourly graph, the "digital silver" is located under the bullish tendencies, even after a prolonged bull run. In this case, traders might expect the price to be at the nearest resistance level of $140 in the short-term scenario. The RSI indicator confirms it, as its lines are moving north, to the oversold area. Moreover, it looks like trading volumes are not going to decrease, remaining at their maximum positions.

LTC/USD chart by TradingView

On the 4-hour chart, the scenario looks less favorable, as Litecoin has still not faced an expected rollback. The MACD indicator is bearish, confirming the upcoming price drop.

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Besides, the trading volumes had also declined compared to the time when LTC rocketed from the 6th place to the 4th in the global crypto ranking. Taking it into consideration, the correction might push the price back to the nearest support at $125.

The price of LTC is trading at $137.62 at the time of writing.

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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

👓 Recommended articles