Ripple price prediction: XRP to retest $0.75 resistance

Saturday 28 November 2020, 7:27 AM AEST - 1 month ago

Ripple price prediction: XRP to retest $0.75 resistanceRipple price prediction: XRP to retest $0.75 resistance 19TL:DR Breakdown

  • Ripple price prediction expects a rise to $0.75 mark.
  • Ripple finds strong support at the $0.50 mark.
  • Strong resistance persist at the $0.58 mark.

The Ripple price prediction by Solldy shows that the cryptocurrency will see a rise towards the $0.75 level again. An important resistance lies above this mark, and the cryptocurrency previously tested this resistance on the 24th of November. The cryptocurrency market is following Bitcoin into new price levels.

1-Day Ripple price analysis Ripple price prediction chart by Trading View

The cryptocurrency was priced at $0.54 at the time of writing on the 27th of November. The cryptocurrency turned bearish on the 26th of November and fell on its charts after testing the $0.75 mark over the past 2 days. The XRP price rose to a days high of $0.59, and the days low was approached at $0.57. Currently, the price is held above $0.52.

What to expect from Ripple?

Looking at the chart below we can see that the cryptocurrency is falling in a triangle pattern and it appears to be testing the upper resistance for the past day.

Ripple price prediction chart by Vince Prince

The XRP price has been falling inside the triangle in a wave-count, and very recently it has been testing the upper resistance. Per the analyst, the price will continue to fall inside the triangle pattern after it falls down from the upper resistance. The price is expected to bounce from the top boundary and move to the point where the Exponential Moving Average will cross the triangle pattern, and then it will see another bounce and break towards the upside. The target price lies at $0.5601, whereas the stop-loss ...

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