XRP (XRPUSD) Price Forecast: October 2
Amidst the recent upsurge in the broader market, the XRP market price is growing and remains positive as it gave a massive breakout from the daily resistance of $0.65. The bulls are gaining strength in the XRP market at the moment. From the look of things, the coin may continue its bullish movement if buyers should aggressively increase their activities in the market. The coin might climb up to the $0.80 upper resistance level and beyond if it breaks above the current supply value, resulting in an intraday gain for coin investors.
Key Levels:
Resistance Levels: $0.50, $0.60, $0.70
Support Levels: $0.40, $0.30, $0.20
XRP (USD) Long-term Trend: Bullish (Daily Chart)
The XRP price is growing and experiencing a notable upsurge in its long-term view. The coin price is strongly trading above the moving averages with huge volumes from the bulls, suggesting a bullish momentum. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure pushed the Ripple price upside to a $0.64 high level before the end of yesterday’s session and enabled the crypto price to remain firm above the supply levels in its recent high.
Today, the market price of XRPUSD increases to a $0.65 high level above the moving averages as the daily chart opens, implying that the price is growing, and from the way it is at the moment, it will keep growing. Thus, a possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.
Hence, there is a tendency for the XRP market to continue growing and rise further, as indicated by the daily signal indicating an upside position. Thus, if all support holds, the crypto price may reach the upper resistance at $0.80 soon, showcasing the high investors’ interest in the asset in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the XRPUSD market as the price keeps growing in the medium-term outlook. The price currently trades above the moving averages, affirming its bullish trend.
During the last session, the bulls made it to a $0.62 resistance level, enabling the crypto price to rise above the supply levels in its recent high.
Today, the bulls caused a rise in the XRPUSD market value to the $0.652 high mark above the moving averages as the 4-hourly chart opens today, suggesting that the price is growing and signaling strong market optimism.
In addition, with the daily stochastic pointing upwards, we can expect more bullish action if all the support holds in place. The price of XRPUSD might jump up to the $0.80 upper high level soon, as the crypto price keeps growing in its medium-term outlook.
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