Ripple price trending higher & broke the daily strong resistance level near US$ 0.75. The XRPUSD pair surged more than 8% in the last 24-hours with the hawkish rise in trading volume. Here is the 19-20 April Ripple Technical Prediction.
19 April, AtoZMarkets – The Ripple or XRPUSD pair is trading above the US$ 0.75 handle surged more than 8%. Also, the entire crypto-market is showing a bullish trend. Moreover, the Ethereum and Bitcoin Cash also surged more than 7% with high volume and substantial rise in the market cap. In the last 1 Week, the Ripple price has hiked by $ 0.1713 (29.96%) with a total volume of over $ 551.70 Million. The price reached the weekly highs at US$ 0.7522 today. Will the Ripple price reach the $0.80 mark in coming days?
19-20 April Ripple Technical Prediction
According to the charts, a Three Outside Up candlestick pattern has emerged with high reliability in the 1W timeframe. This pattern is a more reliable addition to the standard Engulfing pattern. A bullish Engulfing pattern occurs in the first two candles. The third candlestick is confirmation of the bullish trend reversal.
The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. The XRPUSD pair might make a bullish move in the short-term as the gap between the moving average narrowed. The pair also successfully cleared the daily strong resistance level and consolidating near the US$ 0.74 handle and thus formed a new intraday high. I expect, the price to reach $0.80- 0.82 level by the end of this week.
- The relative strength index(14) value is above 50 in daily timeframe signals – “Buy.”
- The STOCHRSI(14) value is near 100 – “Overbought” in daily timeframe.
- Moreover, according to ATR(14), the XRPUSD pair is Highly volatile.
- The Ripple has significant daily support near US$ 0.66 level and resistance near US$ 0.75 level.
XRPUSD Daily Pivot Points
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