BlockchainXRP price prediction: Holding strong support at $0.35 it...

XRP price prediction: Holding strong support at $0.35 it can go back to $0.45 soon

As per the recent research by Moody’s, blockchain standards will increase by 2021. XRP is the third-largest cryptocurrency, which is aiming for a lot of developments by 2021. As per the XRP price trends, the experts believe that it will enter into countless partnerships with financial institutions. By 2021, XRP might touch the $2 mark. You can follow the XRP developments and stay updated by following their community page.

Ripple coin news, the second-largest news site on the basis of traffic, predicts that after a bed of thorns, the coming years might emerge as a smooth period for Ripple as there will be an addition to the partnerships and new technologies, which might surge its price to $8 to $10.

Another XRP Price prediction was by Investing Haven, have stated that XRP might reach as high as $20 by 2020 as it thinks XRP has the highest potential, amongst all other cryptos.

But the question is WHY XRP will get back to $0.45 or $8 or $10 in a long term

Well saying that it will reach the $8 mark this year will be too early to say, but $0.45 is a going happen again for sure.

After a clear break above $0.3200, ripple’s XRP price started a strong increase. There was a clear break above the $0.4000 resistance zone and the $0.5000 level.

The price even spiked above $0.5200 and settled above the 100-day simple moving average. However, the bulls failed to clear the $0.5500 resistance area. A high was formed near $0.5343 before starting a fresh decline.

There was a break below the $0.4200 and $0.4000 support levels. The price even declined below the 50% Fib retracement level of the upward move from the $0.2456 swing low to $0.5343 high. The price is still holding the $0.3400 support zone and the 100-day simple moving average.

XRP Price prediction: Pivot, Resistance and Support Levels for Day trading

Calculation For Trading:
Resistance Level (R3): 0.459
Resistance Level (R2): 0.432
Resistance Level (R1): 0.40043
Pivot Point: 0.373
Support Level (S1): 0.342
Support Level (S2): 0.314
Support Level (S3): 0.283

If you look at 1-month technical analysis on you will clearly see that 8 out of 17 technical indicators are giving a bullish signal to BUY XRP. Thus it will not be early to say that the XRP will once again reach its next resistance i.e. $0.45 very soon

Downsides Limited in XRP?

If ripple fails to start a decent increase, it could find support near the $0.3680 and $0.3600. The first major support is near the $0.3550 level.

The main support could be near the $0.3200 level. If the price fails to stay above $0.3200, there could be a downside extension towards the $0.2450 support zone.

Technical Indicators

Daily MACD – The MACD for XRP/USD is slowly gaining momentum in the bullish zone.

Daily RSI (Relative Strength Index) – The RSI for XRP/USD is still above the 50 level.

Major Support Levels – $0.3650, $0.3550 and $0.3200.

Major Resistance Levels – $0.4000, $0.4400 and $0.4500.

UsLifted, a crypto prediction website believes that by 2021, XRP would attain newer heights and might reach $22.79 with a circulating supply of 38,739,145,924 XRP.


Matthew Leising
I cover market structure for News Alarms, specifically how the bond, derivatives, and cryptocurrency markets work or don't.

Latest news

Statline: Changing the sports news industry

Madison, Wisconsin, 25 July 2021, ZEXPRWIRE, I had the honour of speaking to someone from Statline who are claiming...

Royal Corgi Set To Spice the Market With July 28 Token’s Fair Launch

London, UK, 25 July 2021, ZEXPRWIRE, Charity-focused meme coin honoring Queen Elizabeth’s corgis sets sights on the Ethereum dividend...

Cardence: Revolutionizing Decentralised launchpad space, Creating trustless affiliate marketing for presales

Bengaluru, India, 25 July 2021, ZEXPRWIRE, Ever since the ICO boom in 2017, Initial coin offerings have come a...

ArenaSwap: The First BSC Based Platform Making Yield Farming Fun

NYC, NY, USA, 25 July 2021, ZEXPRWIRE, The process of farming yields in the Defi world has for quite...

Deeper Network Inc. to Launch IPO of Limited-Edition NFTs for Equity Subscription

Santa Clara, CA, 24 July 2021, ZEXPRWIRE, Deeper Network Inc launched an IPO-NFT for equity subscription. The company’s product,...

BM CAFE IMPORT AND EXPORT HOLDING, LLC announces the Launch of their Crowdfunding Campaign

Salt Lake City, US, 24 July 2021, ZEXPRWIRE, Market Overview: The Brazilian solar energy market is expected to witness a CAGR...

Must read

How you can use cryptocurrency for your benefit in 2021

Using cryptocurrencies A cryptocurrency or online currency is digital money....

Xiaomi and Mercedes-AMG Petronas present limited Formula 1 e-scooters

So far, e-scooters have not really impressed with their...

You might also like
Recommended to you