Ripple Price Prediction: XRP’s rise to $1 hinges on one crucial upside barrier


  • XRP/USD remains primed for a big technical breakout.
  • The No. 3 coin battles descending trendline resistance on the 12H chart.
  • Acceptance above the key Fib 61.8% hurdle is critical to take on the $1 mark.

Ripple (XRP/USD) sellers have returned this Sunday, as the recent recovery from sub-$0.50 levels appears to lose steam.

XRP/USD: Technical setup favors the bulls 

However, from a technical perspective, it looks like the bulls have taken a breather before the bullish reversal picks up pace.

XRP/USD: 12-hour chart

Looking at the 12-hour chart, Ripple continues to face strong offers at the one-week-old descending trendline resistance, now at $0.6262.

Closing on the candle above that level could trigger a fresh breakout, with the bullish Relative Strength Index (RSI) favoring the move higher. Although the follow-through buying interest could weaken at $0.6576, which is the critical resistance of the 61.8% Fibonacci Retracement of the pullback from the highest level since May 2018 reached at $0.7842 last Tuesday.

Acceptance above the latter is critical to reviving XRP/USD’s journey towards the $1 mark. Alternatively, the bullish 21-simple moving average (SMA) at $0.5226 is the level to beat for the bears. The next relevant downside target awaits at the 50-SMA of $0.3762.

All in all, the upside appears more compelling in the week ahead.

XRP/USD: Additional levels to consider

XRP/USD

Overview
Today last price 0.6163
Today Daily Change -0.0103
Today Daily Change % -1.64
Today daily open 0.6265
 
Trends
Daily SMA20 0.3956
Daily SMA50 0.3069
Daily SMA100 0.2797
Daily SMA200 0.2488
 
Levels
Previous Daily High 0.6492
Previous Daily Low 0.5387
Previous Weekly High 0.7843
Previous Weekly Low 0.4036
Previous Monthly High 0.2639
Previous Monthly Low 0.2288
Daily Fibonacci 38.2% 0.607
Daily Fibonacci 61.8% 0.5809
Daily Pivot Point S1 0.5605
Daily Pivot Point S2 0.4944
Daily Pivot Point S3 0.45
Daily Pivot Point R1 0.6709
Daily Pivot Point R2 0.7152
Daily Pivot Point R3 0.7813

 

 

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