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- One more bullish sessions of XRP has expired overnight along with 6.8% gain.
- Increase in trading volume reflects buyers participation amid higher-lows trend.
- XRP/BTC pair price is also a part of bullish sentiment, up 8.9% at 0.0000267 satoshis.
Once again buyers added positive daily closing last night, thus, this was the fifth bullish daily candle that bulls registered in this week. This continued success of buyers noted 15.8% positive really so far this week. Still bulls are moving forward to see more profit in their portfolios.
Some biggest bullish factor added to the massive values in XRP, the native coin of Ripple. The big investors and analysts believe that XRP will win its 24 month’s court case against the US Securities and Exchange Commision (SEC). This positive fact hints at a mass breakout in XRP price.
September was an amazing and most profitable month for buyers in 2022, despite most cryptocurrency suffering from extreme bearish sentiments. Later on, buyers are accumulating coins to sustain XRP price above $0.55 resistance level.
At the time of writing, XRP price stays at $0.52 mark along with a 6.61% price surge overnight. Hence, market cap reached $25.95 Billion amid writing. Recently buyers surpassed the price retracement phase after flipping the $0.45 resistance zone into immediate hedge zone. Moreover, XRP/BTC pair price is also a part of bullish sentiment, up 8.9% at 0.0000267 satoshis.
What’s Next in XRP Price Prediction After Breakout?
Over the daily price chart, the 20 day moving average acts as a support zone of bulls. As a result, XRP price is increasing higher above significant moving averages so far. XRP Price Prediction suggests more bullrun above the $0.55 resistance zone if bulls break this.
The daily RSI is going to enter the overbought zone, still RSI remaining to move higher. This hint may help to push asset prices higher.
Conclusion
XRP price is just below $0.55 resistance level. Bulls eye on mass breakout to make fresh long position. The XRP price prediction indicates a $0.70 mark as a next stop of bulls after a bullish breakout above the $0.55 level.
Resistance level- $0.51 and $1.0
Support level- $0.44 and $0.30
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 the 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.
