Yesterday, Ripple Price made a tremendous jump of 18%, breaking above the resistance level with high volume trade. Here is the Ripple Price Prediction for the weekly time-frame.
19 September, AtoZ Markets – The Ripple or XRPUSD pair is trading above the $0.32 mark with the 24 hours volume of $ 83.02 Million. The total market cap also reached $32 Billion after Ripple hints XRapid’s launch could be approaching. In the last 1 Week, the pair showed a tremendous growth of $ 0.06640 (26.00%) with a total volume of over XRP 563.14 M / $165.95 M. Also, it attains the highest price i.e. $ 0.3364 on Tuesday. Will the Ripple price break above the $0.35 in coming days?
Ripple Price Prediction
According to the candlestick charts, a three inside up Candlestick pattern has emerged in a weekly time-frame with high reliability. Thus, it clearly indicates that the bullish reversal towards $0.37- $0.40 is possible. This pattern is a more reliable addition to the standard Harami pattern. A bullish Harami pattern occurs in the first two candles. The third candle is a white candle with a higher close than the second candle and the confirmation of the bullish trend reversal. Also, on the 1D chart, a “Three Outside Up” bullish reversal pattern has emerged with the high reliability. Thus, the pattern signals the XRPUSD pair tends to remain bullish and might break the tough resistance level.
According to the Fibonacci retracement chart, the XRPUSD pair is hovering above the 78.6% Fibo. retr. zone above the $0.32 zone. If the pair continues to rally above the strong resistance level, we expect further significant resistance above to be located at the upper boundary of the range priced at $0.3596. If price action can break above, then further resistance higher can be located at the long-term .886 Fibonacci Retracement level priced at $0.40. Thus, the pair might trend towards $0.40 zone if the pair breaks the tough resistance level at $0.35 level.
- The relative strength index(14) value is above 50 which signals “Buy.”
- The STOCH (9,6) valued just below 50 signals “Neutral” in daily timeframe.
- The MACD(12,26) – “Sell” signal in weekly charts.
- Moreover, according to ATR(14), the XRPUSD pair is Highly volatile.
XRPUSD Pivot Points
The XRPUSD pair has a significant support near $0.28 level and resistance near $0.348 levels.