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


Today last price 0.6163
Today Daily Change -0.0103
Today Daily Change % -1.64
Today daily open 0.6265
Daily SMA20 0.3956
Daily SMA50 0.3069
Daily SMA100 0.2797
Daily SMA200 0.2488
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



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

Ethereum Classic price squeezed, puts ETC on the verge of a sharp move

Ethereum Classic price has not accomplished anything since claiming the 2018 high on July 24, showing a 3.60% gain over the last nine days. The lack of price traction stands in contrast to the unstoppable advance for ETH over the last 13 days.

More Ethereum Classic news

AXS price sows doubt, yet Axie Infinity has the swagger for higher prices

AXS price climbed 183.75% from May 21 to May 23, easily besting any previous three-day rally since 2020 and carry the cryptocurrency to the 461.8% extension of the April-May correction. Over the last ten days, Axie Infinity has fallen -6.23%, leaving doubt about the potential to continue ...

More AXS news

SafeMoon Price Prediction: SAFEMOON drops 27%, but any rebound should be sold

SafeMoon price shaped a descending triangle pattern since the May collapse, with the May 19 low of $0.00000261 serving as the horizontal support for the triangle. Finally, on July 28, SAFEMOON logged a daily close below the May 19 low.

More SafeMoon news

Top 3 Price Prediction: BTC and XRP correct in time versus price as ETH remains unstoppable

Bitcoin price ends three-month decline with a compelling 18.35% gain in July while Ethereum price is working on a historic 13 consecutive up days. XRP price closed last week with the best weekly return since the end of April.

More Bitcoin 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