Ripple (XRP) price remained in the uptrend territory, although it failed to break above the $0.80 resistance. Since March 9, buyers have defended the moving averages as XRP found support above them.
Ripple (XRP) Long-Term Price Forecast: Bullish
Today, XRP is trading at $0.79. The digital currency is moving below the resistance level. XRP will rise as long as the price bars are above the moving averages.
When XRP consolidates below the resistance level, it increases the chances of a breakout, and a break above the resistance at $0.80 will push XRP to the $0.90 high, with the bullish momentum extending to the dominant resistance at $1.00.
On the other hand, if the bears break below the moving averages, the bullish scenario will be canceled and the sellers will try to push XRP to the previous low.
Ripple Index Analysis (XRP)
When the digital currency price bars are above the moving averages, indicating a potential rally in the digital currency.
XRP is at the 54 level of the 14-period RSI, this indicates that the currency is in an uptrend zone, Ripple is below the 53% range of the daily stochastic oscillator, in addition to the 21-day line and the of 50 days. moving averages have a horizontal slope, indicating one side of the trend. xRP/USD is below the 80% area of the Stochastic Oscillator on the daily chart.
Key Resistance Levels: $1.95 and $2.0
Key Support Levels: $0.80 and $0.60
What’s next for Ripple (XRP)?
On the 4-hour chart, XRP/USD is moving in an uptrend, with the price of XRP posting a series of highs and lows as an ascending trend line is drawn indicating support lines for the digital currency, on the other hand, the coin will resume its downtrend when the price drops below with no trend line.