Ripple Price Prediction: XRP bulls to have a bumpy road ahead, $0.4910-30 guards immediate upside


  • XRP/USD takes the bids near intraday high, rises for fourth consecutive day.
  • Convergence of 200-bar SMA, two-week-old falling trend line tests the bulls.
  • A resistance line from February 13 adds to the upside filters.

Ripple buyers shouldn’t too optimistic as multiple hurdles are up for offering a bumpy road despite the latest four-day winning streak. That said, XRP/USD stays firm at around $0.4850 during early Wednesday.

The altcoin’s current run-up eyes a confluence of 200-bar SMA and a short-term resistance line around $0.4910-30.

However, any further upside seems less likely as MACD lacks courage. Even if the quote crosses the $0.4930 resistance, a downward sloping trend line from February 13, at $0.5320 now, will challenge the XRP/USD bulls.

On the contrary, pullback moves will be tested by a one-week-old rising support line, at $0.4650 now, a break of which could direct XRP/USD sellers toward another support trend line stretched from February 23, currently around $0.4385.

It should be noted that a clear downside past-$0.4385 will make the XRP/USD vulnerable to revisit the previous month’s low near $0.3660.

XRP/USD four-hour chart

Trend: Pullback expected

additional important levels

Overview
Today last price 0.4843
Today Daily Change 0.0102
Today Daily Change % 2.15%
Today daily open 0.4741
 
Trends
Daily SMA20 0.4792
Daily SMA50 0.4319
Daily SMA100 0.4227
Daily SMA200 0.3512
 
Levels
Previous Daily High 0.4896
Previous Daily Low 0.4552
Previous Weekly High 0.4945
Previous Weekly Low 0.3934
Previous Monthly High 0.7565
Previous Monthly Low 0.3406
Daily Fibonacci 38.2% 0.4764
Daily Fibonacci 61.8% 0.4683
Daily Pivot Point S1 0.4563
Daily Pivot Point S2 0.4386
Daily Pivot Point S3 0.422
Daily Pivot Point R1 0.4907
Daily Pivot Point R2 0.5073
Daily Pivot Point R3 0.5251

 

 

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