October 3, 2022

Ripple Price Analysis: Here’s the Next Target for Ripple After Breaking Above $0.7

2 min read

Key Support levels: $0.70

Key Resistance level: $0.96, $1

Ripple’s XRP broke the critical resistance at $0.70 with substantial volume the other day, and the price rallied all the way to $0.91 (Bitstamp exchange). The previous resistance has actually now turned into support, and the next essential levels to view are at $0.96 and $1.

After a sharp rally the other day, XRP might combine or experience a temporary pullback in the next few days prior to evaluating the $1 level.

XRPUSDT_2022-02-08_14-11-41

Chart by TradingView Technical Indicators Trading Volume: Strong buy volume yesterday and today. This verifies the breakout and offers confidence that XRP may eventually test the crucial mental level at$1. RSI: The everyday RSI remains in the overbought area at over 70 points. There is still area to go higher however it is essential to remain really careful at these levels.

MACD: The everyday MACD continues to move higher with expanding moving averages and greater highs on the pie chart. There is no expectation for this momentum to change at this time based on the MACD for that reason, the likelihood of cost reaching $1 appears high.

XRPUSDT_2022-02-08_14-11-15
Chart by TradingView Predisposition The existing XRP bias is bullish. The break above$0.70 has actually altered the bias to bullish.

Short-Term Prediction for XRP Price

The volume and momentum behind this most current rate action are favorable, and it promises for XRP to reach $1 before any considerable resistance is dealt with. There is also the possibility of some short-term pullbacks on the way there, but the overall rate action remains bullish.