Ripple Price Forecast 2020 – February 5th, 2020

Ripple XRP Price Prediction
  • Persistent Ripple XRP price rally
  • Ripple XRP price trading on the key support level

Ripple Price forecast 2020 – There has been a major surge from the $0.2460 support area against the U.S dollar. XRP price faced a rally around 7% and it appears it could surge towards $0.3000. XRP price is currently up around 8% and it broke the $0.2700 resistance area against the U.S dollar.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.00-0.80%

XRP Price forecast 2020 – XRP price recently attained a new 2020 high at $0.2760 and it is currently amassing gains. There was a break above some breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair. The XRP/USD pair might continue to increase towards the $0.2850 and $0.2920 resistance levels in the near term.

XRP USD tradeview prediction – After establishing a support level above the $0.2460 level, XRP price commenced a strong surge. XRP price broke several major resistance close to $0.2500 and $0.2550 to drive into a firm bullish zone. Also, there was a close above the $0.2550 level and the 100 hourly simple moving average.

Ripple News Update – Notably, there was a break above several breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair. XRP price is holding onto the 23.6% Fib Retracement level of the fresh price rally from the $0.2473 low to $0.2760 high. Also, it appears like XRP price is trading within another breakout trend with resistance close to $0.2720.

XRP price prediction 2020 – a positive break above the $0.2720 resistance level might ignite another price rally. If this happens, the XRP price might surge above the $0.2760 high. the next major resistance level is close to the $0.2850 level. above this level, the XRP bulls might likely target a bigger XRP price rally towards the $0.3000 resistance in the near term.

XRP price trading on the key support level

XRP USD tradeview – if the XRP price fails to retain its momentum above the $0.2700 support, it could extend its correction. The next key support level is close to the $0.2620 level. it corresponds with the 50% Fib Retracement level of the new XRP price rally from the $0.2473 low to $0.2760 high. any additional losses may drive XRP price back into a bearish zone beneath $0.2620.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

XRP price prediction 2020 – the next ley support level is close to $0.2580 level since it is close to the 61.8% Fib Retracement level of the same XRP price rally. The MACD for XRP/USD is indicating bullish momentum. While the RSI for XRP/USD is rising moderately above the 60 levels. The Major support levels are $0.2700, $0.2650 and $0.2620. While the Major Resistance levels are $0.2720, $0.2760 and $0.2850.

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