XRP’s Recent Bullish Momentum Raises Worrying Technical Signs – XRP Short-Term Price Prediction
The crypto market seems to take a break from the recent race that we saw yesterday, which boosted BTC above $9,300.
Some coins are still trading in the green today as well, but there are also a lot fo digital assets that are currently trading in the red. XRP is one of them.
At the moment of writing this article, XRP is priced at $0.236097. Some experts believed that the recent rally would take XRP above $0.25, but this failed to happen.
XRP is in a neutral trading condition
It’s been revealed that XRP remains in a neutral trading condition. In order to turn bullish, it must rise and break above the resistance at $0.26, which is provided by the 200-days EMA.
CryptoPotato writes that If XRP were to drop and fall beneath the support at $0.21 – this would be considered as bearish.
XRP short-term price prediction
The online publication mentioned above notes that “if the buyers continue to bring XRP above $0.24, resistance lies at $0.245 (bearish .5 Fib Retracement) and $0.25.”
They believe that “Above this, resistance lies at $0.257, $0.26 (200-days EMA), and $0.262. Alternatively, if the sellers regroup and push XRP lower, strong support lies at $0.234 (100-days EMA). Beneath this, support lies at $0.23, $0.218, $0.212, and $0.21.”
Optimistic XRP predictions on the long run
Despite the huge volatility of the crypto market, there are various optimistic crypto predictions these days.
It’s really important that the coin managed to surpass the $0.2300 resistance.
NewsBTC recently wrote that “The first major resistance is near the $0.2500 and $0.2550 levels. A successful daily close above the $0.2550 level may perhaps open the doors for a larger upward move towards the $0.3000 barrier in the coming days.”
Other than this, Ripple recently said that XRP and crypto, in general, will be seeing massive growth in the industry.
Just the other day, we reported that in the latest Q4 XRP Markets report, the company said that the industry is just getting started.
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Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.