Ripple Price Prediction – Analyst Predicts A Surge In Ripple XRP, February 7th, 2020

  • Ripple XRP to experience further price uptrend
  • Ripple XRP price rally looming

Ripple XRP price forecast 2020 – the trading price of XRP is gradually increasing above $0.2800, while other altcoins like ETH and BTC have been rallying in the past three sessions against the U.S dollar. XRP price surge might persist higher towards $0.2950 and $0.3000. XRP price is gradually surging higher and it recently exceeded $0.2850 against the U.S dollar. XRP price traded as high as $0.2880 and it is currently correcting lower.

Ripple price prediction 2020 – currently, there is a major ascending channel establishing with major support close to $0.2780 on the hourly chart of the XRP/USD pair. XRP bulls might stay in action and there are currently high prospects of more upsides towards $0.3000. Previously, in the past three sessions, there was a massive rally in ETH above $200 and $210, but XRP price failed to match the gains.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.468
-4.77%

Ripple price update – also, there was a close above the $0.2800 level and the 100 hourly simple moving average. XRP price exceeded the $0.2850 resistance and recently traded to a new 2020 high at $0.2880. XRP price is correcting lower from $0.2880. Early support is close to $0.2825, which is the 23.6% Fib retracement level of the recent upward move from the $0.2644 low to $0.2800 high.

Ripple XRP Price Rally Looming 

XRP News Update – on the downside, there is major support establishing for XRP price close to $0.2800 level. Also, there is a major mounting channel establishing close to $0.2780 on the hourly chart of the XRP/USD pair. While on the upside, major resistance is close to $0.2880 level. A positive break above the $0.2880 level might trigger a steady price surge towards the $0.2950 and $0.2980 level. 

Ripple price forecast 2020 – The major resistance on the upside is close to $0.3000. If a downside break below the channel support level establishing close to $0.2800 happens, XRP price is likely to test the $0.2760 area. Also, the 50% Fib Retracement level of the new upward move from the $0.2644 low to $0.2800 high is close to the $0.2760 level. The major support is close to the $0.2700 area, which currently serves as the breakout zone.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

Ripple Latest Update – Generally, XRP price is still in a moderate uptrend and the XRP bulls might target a test of $0.3000 in the near term if there is no close beneath the 100 hourly SMA. The MACD for XRP/USD pair is gradually moving into the bearish zone, while the RSI for XRP/USD is correctly lower towards the 50 levels.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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