As Bitcoin struggles to overcome the $35K barrier, the altcoins remain optimistic and tease a strong comeback. XRP price trend shows a similar positive trend in motion as it exceeds the $0.55 mark and reclaims the 50-day EMA.
Continuing the prevailing uptrend, the XRP price gives a 71% year-to-date growth and teases a positive continuation. Moreover, the Ripple price prediction showcases a sharp increase in trend momentum to create a new 2023 high and reclaim $1.
Breaking above the recent pullback resistance trendline, the XRP price showcases a strong reversal rally from the $0.45 mark. With a 19.72% in the last two weeks, Ripple continues the higher high trend formation.
Further, the comeback rally overcomes the $0.52 supply zone and continues the uptrend with a successful post-retest reversal. Currently, the XRP price trades at $0.5718 with an intraday fall of 1.17% as the overall market corrects.
Moreover, the bullish reversal in Ripple prices teases an uptrend to challenge the $0.65 supply zone and complete a rounding bottom. In such a case, the bullish breakout chances will increase significantly.
Technical Indicators:
MACD indicator: The MACD and signal lines are rising higher with short hiccups in the bullish histograms. Overall, the momentum indicator remains optimistic about the upcoming XRP price trend.
EMA: The intertwined 50-day and 200-day EMA continues to regain bullish alignment as the uptrend gains momentum.
As the overall sentiments improve in the crypto market, the XRP price continues to rise and regain bullish momentum. Reclaiming the $0.55 mark, the rounding bottom pattern promises a bounce to $0.65.
Moreover, the high momentum uptrend with improving market conditions teases a bullish break to reach the $0.72 mark.
On the flip side, a reversal from $0.65 will put the buyers at risk and hint at a drop to $0.52.
XRP price recorded a slight dip today and is down by more than 1% at…
For anyone keeping an eye on the cryptocurrency market, the usual suspects — Bitcoin, Ethereum,…
With new cryptocurrencies emerging constantly, it’s becoming harder to separate long-term value from short-term noise.…
Polygon has led the Layer-2 charge by building fast, scalable solutions on top of Ethereum’s…
The long-running legal battle between Ripple and the SEC may finally be nearing its conclusion,…
Bitcoin flirting with the possibility of a rally to $100,000 mark has sparked intense speculation…
