Ripple price prediction: XRP at crossroads between a significant bull run and a severe selling spree

Tuesday 23 February 2021, 5:12 AM AEST - 1 week ago

Ripple price predictionRipple price prediction: XRP at crossroads between a significant bull run and a severe selling spree 19

TL;DR Breakdown

Ripple price prediction sees XRP fighting to stay afloat at the upper trendline above the $0.58 mark.
XRP is on the verge of a significant bull run that might see its price witness a 35 percent price rally.
• Sequential indicators show XRP might also present a selling signal giving way to the bears.

After an impressive rebound from todays low price at $0.50945, Ripple has managed to bounce back to bypass the $0.6 mark, thanks to external forces coming to the rescue. One of the external forces that have continually come to the rescue of XRP is the initial support commenced on 30th January by WallstreetBets, a cryptocurrency community on Reddit. Ripple XRP might be preparing for another bull run as technical indicators scream buy.

Ripple price prediction: XRP can spike to $0.66 if this critical barrier gives way

On the 4-hour chart, Ripple appears to be forming a descending triangular pattern with a new resistance level forming at the $0.555 mark. A price surge above this mark is more likely to drive Ripple XRPs price up to about $0.66, a 20 percent price increment that will depend on the patterns height.

Ripple XRP started the day trading below the resistance level on todays chart, exchanging at $0.5241. The opening price has also been its lowest price of the day.
So far, the 12-hour chart shows XRP prices forming higher highs ...

Read full story on Cryptopolitan

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.