XRP Price is Expected to Surge in Coming Days, Is it A Buy Signal?

XRP news today comes with some positives for the digital asset. It will appear the tide is changing for XRP. In our XRP price prediction today, it appears that the crypto bulls have come for XRP. The price of XRP has been appreciating in the last few days. For the XRP price forecast, the price of XRP had been pivotal at the $0.3000 position staying below this vital position. Presently, the XRP USD live price is changing hands at $0.3041. This is ongoing as the leading asset class battles with some resistance at the 50 SMA via the chart of the pair. Support had initially been established at the $0.2900 level after the $0.2827 low was formed.

The impressive 3% rise achieved by the price of XRP can be directly linked to reports that Nasdaq was listing XRP index into its Global Data Service. With XRP now among the digital assets supported on the platform, it brings the total number of supported cryptos to three. The other two on Nasdaq’s Global Data Service are Bitcoin (BTC) and Ethereum (ETH).

XRP Price Prediction: The Price of XRP Formed Significant Support Above $0.2850

After suffering a major drop in value, the price of XRP formed a strong support position above $0.2850. The XRP/USD pair climbed slowly above $0.2880 and $0.2900 both resistance levels. There was also a close above $0.2920 (a resistance level as well) and the 100 hour SMA. The price of XRP cleared the 61.8% Fibonacci retracement range via the last wave from $0.3082 to $0.2798. This opened doors for more gains as the price of the digital asset spiked above $0.3080.

XRP Price Prediction: The Price of XRP Formed a High at $0.3088

There was a high formed near the $0.3088 price level. Now the price of XRP is currently consolidating its gains. Furthermore, we can see a short term breakout trend line forming with resistance position near $0.3085 via the hourly chart of the pair. Beneath the triangle support area, the 23.6% Fibonacci retracement position via the last wave from $0.2836 to $0.3088 might also act as a support area. The next key support position is near $0.2960. The 50% Fibonacci retracement position via the last wave from $0.2836 to $0.3088 is near $0.2960.

Considering the upside, we can see that a break above $0.3085 and $0.3100 will likely open doors for more gains. Key resistance is expected near $0.3160 and $0.3175. Above these, the price of XRP will likely go higher to $0.3200.

XRP Price Prediction: The Price of XRP is Consolidating Above $0.3000

From the chart, we can see that the price of XRP climbed higher and is currently consolidating above $0.3000. In the short-term, the price of XRP could see a downside correction to $0.3000 or $0.2960. We can also see a connecting bullish pattern with support close to the $0.2960 price range on the same chart. Hence, dips will remain well supported and close to the $0.2960 price position. For the upside, the primary target for the XRP bulls could be the $0.3200 position or the $0.3220 pivot price range. According to CoinMarketCap the price of XRP was $0.304408 at press time.

There has been a little price correction in the last few hours, but this may be a buy signal for investors.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.