|-Ripple (XRP) formed a bearish pattern on the chart. |
-This impact is caused by Bitcoin’s tumble in the last few days.
-XRP price prediction and analysis.
Ripple (XRP) formed a bearish pattern on the chart. However, this impact is caused by Bitcoin‘s tumble in the last few days.
Moreover, Ripple is one of the most famous and most talked digital currencies in the crypto space. More so, XRP is the fourth largest digital currency in terms of market capitalization.
Let us head to our XRP price prediction chart.
Ripple Price Prediction
According to CoinGecko, the XRP price is trading at $0.447, at the time of writing.
- Resistance Level 1: $0.758
- Resistance Level 2: $0.92
- Support Level: $0.294
The above graph shows the performance of XRP over the last few days. If this continues, the cryptocurrency can be seen to run along with the bears in breaking the support level of $0.294. In this case, the crypto finds a way to recover quickly.
In contrast, if the XRP maintains its position with the bulls, the crypto might break out of its bearish position and go up along with the bulls at the resistance level of $0.758, which can lead towards a high price of $0.92.
Furthermore, crypto markets are prone to rapid, sharp price changes. Conversely, the relative strength index (RSI) of the crypto is already at the oversold state. With this in mind, traders must trade with caution since Ripple might soon trigger a major price reversal.