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Ripple Price Prediction: XRPUSD Rally to $0.45 in Countdown

Ripple Price Prediction: XRPUSD Rally to $0.45 in Countdown

December 21, 2018 AtoZ Markets  – After a huge bullish momentum in cryptomarket, Ripple price is trading near $0.38 mark with a 24 hours volume of 47.70 Million. At the time of press, Ripple has a market cap of $15.3 Billion, according to coinmarketcap stats.

Since last week, the price of Ripple has surged by $ 0.08540 (28.73%) with a total volume of over $ 247.88 Million. The highest price of the coin, $ 0.3998, was on 19 December 2018 at 15:00 GMT, while the lowest price, $ 0.2815, was on Saturday, 15 December 2018 at 17:00 GMT.

Ripple Price Prediction for Short Term

Looking at the weekly charts, we saw a solid upward move and a new weekly high at $0.3998 in Ripple price against the USD. Later on, the XRPUSD pair started a downside correction and traded below the $0.3600 support level. However, the $0.3472 area acted as a strong support for the coin. In addition to this, the 61.8% Fibonacci retracement level of the upward move from the $0.3140 low to $0.3947 high provided strong support to Ripple price.

Moroever, the price of the coin bounced back and traded close the $0.3998 swing high. However, buyers failed to clear push the price above the key $0.3900-0.4000 resistance zone. A high was formed at $0.3998 and the price dipped once again. Ripple decline and traded below the $0.3650 level. However, the 61.8% Fibonacci retracement level of the last wave from the $0.3409 low to $0.3898 high acted as a support. At the outset, there is a key breakout pattern forming with resistance near $0.3840 on the hourly chart of the XRPUSD pair. Therefore, the pair is likely preparing for the next move either above $0.3900 or towards $0.3400.

In conclusion, Ripple price is clearly well supported above $0.3472, $0.3112, and 100 hourly SMA. Thus, there are high chances of an upside break above the $0.3924 resistance. Finally, if there is a successful break above $0.4112, the price might rally towards $0.45 handle.

Ripple Daily Pivot Points

Ripple has a daily support near $0.3474 and resistance near $0.3924 levels.

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Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.