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- XRP price prediction suggests the token’s recovery phase over the daily price chart.
- XRP crypto is trying to recover towards 20, 50, 100 and 200-days Daily Moving Average.
- The consolidation phases are visible over the daily price chart as the roller coaster ride experienced by XRP.
XRP price prediction suggests the token’s consolidation phases of XRP crypto over the daily price chart. XPR needs to overcome this roller coaster ride of XRP crypto and must wait for the token’s recovery from the consolidation phase. XRP cryptocurrency must surge towards the upper price range of the consolidation phase. Meanwhile, buyers need to come forward to raise the accumulation rate of bulls during the intraday trading session.
XRP price is currently estimated at $0.35 and has gained 0.25% during the intraday trading session. Trading volume has increased by 22.99% during the intraday trading session. This demonstrates the accumulation rate of buyers during the intraday trading session. Volume to market cap ratio is at 0.05992.
XRP price prediction suggests that XRP price needs to surge towards the upper range and must soar above $40.00 level to register the token’s recovery phase over the daily price chart. The descendent of XRP crypto has been started from October 2022 and now the token is trying to sustain at the lower level and getting support near the lower level of consolidation phase. However, volume change is still below average and needs to grow for XRP crypto.
Will XRP Price Break out of $40.00 Resistance?
XRP price has been sustained at the lower level of the consolidation phase and is now trying to surge towards the upper price range. Technical indicators suggest the token’s uptrend momentum over the daily price chart.
Relative Strength Index showcases the XRP price is surging towards the upper range. RSI is at 38 and is trying to sustain below neutrality. MACD exhibits uptrend momentum of XRP price. The MACD line is about to cross the signal line for a positive crossover.
Summary
XRP price precision suggests the token’s consolidation phases of XRP crypto over the daily price chart. XPR needs to overcome this roller coaster ride of XRP crypto and must wait for the token’s recovery from the consolidation phase. The descendent of XRP crypto has been started from October 2022 and now the token is trying to sustain at the lower level and getting support near the lower level of consolidation phase. Technical indicators suggest the token’s uptrend momentum over the daily price chart. The MACD line is about to cross the signal line for a positive crossover.
Technical Levels
Support Levels: $0.33 and $0.30
Resistance Levels: $0.37 and $42.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
