Ripple Price Prediction: XRP bulls can ignore pullback from immediate hurdle around $0.49

  • Ripple picks up bids after snapping a four-day winning streak.
  • Successful break of five-week-old resistance, trading beyond 50-day SMA and an ascending trend line from January 27 back bulls.
  • Sellers should look for entries below $0.4300, buyers may wait for fresh monthly high.

XRP/USD fails to keep the sellers on board, despite recent declines, as the quote firms up around mid-$0.4600s during early Thursday. The altcoin took a U-turn from a two-week-old resistance line the previous day but couldn’t extend the losses to even the nearest support, namely the 50-day SMA.

Also favoring ripple buyers could be the XRP/USD trading above a six-week-long support line and a clear run-up beyond the previous resistance line from February 01, not to forget the receding bearish bias of the MACD.

That said, the XRP/USD bulls currently eye the monthly top near $0.4950 ahead of the targeting the $0.5000 threshold.

During the quote’s sustained run-up past-$0.5000, $0.5830 and the mid-February tops near $0.6430 should be watched before the previous month’s top of $0.7564.

Should XRP/USD stays weak below the stated resistance line, currently around $0.4900, sellers can keep a 50-day SMA level of $0.4390 on the radar.

Though, a confluence of previous resistance and an ascending trend line from late January, currently around $0.4300, will be a tough nut to crack for the XRP/USD bears.

Overall, ripple buyers hold the reins but look for conviction before flashing notable gains.

XRP/USD daily chart

Trend: Bullish

Additional important levels

Today last price 0.4663
Today Daily Change -0.0192
Today Daily Change % -3.95%
Today daily open 0.4855
Daily SMA20 0.4768
Daily SMA50 0.4359
Daily SMA100 0.4215
Daily SMA200 0.3522
Previous Daily High 0.4876
Previous Daily Low 0.4717
Previous Weekly High 0.4945
Previous Weekly Low 0.3934
Previous Monthly High 0.7565
Previous Monthly Low 0.3406
Daily Fibonacci 38.2% 0.4815
Daily Fibonacci 61.8% 0.4778
Daily Pivot Point S1 0.4756
Daily Pivot Point S2 0.4657
Daily Pivot Point S3 0.4597
Daily Pivot Point R1 0.4915
Daily Pivot Point R2 0.4975
Daily Pivot Point R3 0.5075



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

SafeMoon Price Prediction: SAFEMOON has one last chance for 65% rally

SafeMoon price experienced a massive sell-off that has pushed it to slice through major support levels, jeopardizing its ability to move higher. Despite this, SAFEMOON currently sits above the last line of defense.

More SafeMoon news

Ripple to keep headquarters in US despite lack of clarity around SEC crypto regulations

While the SEC v. Ripple continues to see no end in sight, the blockchain firm is increasingly moving out of the United States. However, Ripple CEO Brad Garlinghouse stated that the firm is not giving up on the US. SEC Chair Gary Gensler believes that ...

More Ripple news

75% of Ethereum nodes prepared for London hard fork as ETH price surges above $2,700

Roughly 75% of Ethereum nodes are ready for the upcoming upgrade, the London hard fork. The ETH London upgrade is expected to take place on block 12,965,000, scheduled to occur on August 5. Ethereum price managed to slice above $2,700 for the first time since early June. 

More Ethereum news

MATIC Price Prediction: Polygon awaits a trigger that could propel it 68%

MATIC price has stayed lull after July 26 swing high at $1.137. The sideways movement indicates a build-up of pressure, which could lead to a massive move in either direction. A breakdown of the $0.90 demand barrier will invalidate the bullish thesis.

More Polygon news


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast