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This Is The Next Target For Ripple After Breaking Over $0.7


Key Support Levels: $0.70 Key Resistance Level: $0.96, $1 Ripple’s XRP broke the critical resistance at $0.70 with significant volume yesterday, and the price rose all the way to $0.91 (bitstamp exchange). The previous resistance has now turned support and the next key levels to watch are $0.96 and $1. After a sharp rally yesterday, XRP may consolidate in the coming days or experience a temporary pullback before testing the $1 level . Chart by TradingView Technical Indicators Trading Volume: Strong buying volume yesterday and today. This confirms the breakout and gives confidence that XRP can eventually test the key psychological level at $1. RSI: The daily RSI is in the overbought area at over 70 points. There is still room to move higher, but it is important to remain very careful at these levels. MACD: The daily MACD continues to rise with increasing moving averages and higher highs on the histogram. There is no expectation that this momentum will change at this point based on the MACD, therefore the probability of the price reaching $1 seems high. Chart by TradingView Bias The current XRP bias is bullish. The break above $0.70 has turned the bias into bullish. Short Term Forecast for XRP Price The volume and momentum behind this latest price action is positive, and it seems likely that XRP will hit $1 before encountering any significant resistance. There is also the possibility of some short term pullbacks on the way there, but general price action remains bullish. SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and get $100 Free and 10% Off Fees on Binance Futures First Month (Terms and Conditions). PrimeXBT Special Offer: Use this link to register and enter POTATO50 code to get 25% off trading fees. Disclaimer: Information on CryptoPotato is that of quoted writers. It does not represent CryptoPotato’s views on buying, selling or holding any investments. You are advised to do your own research before making any investment decisions. Use information provided at your own risk. See Disclaimer for more information. Cryptocurrency Charts by TradingView.
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