Ripple (XRPUSD) Price Forecast: March 28
XRPUSD is now trading in an ascending channel. Should buyers change their orientation and stop further selling pressure; the bullish pattern may increase the coin price to retest the previous high at the $0.54 value which might possibly hit the $1.00 upper supply trend line.
Key Levels:
Resistance Levels: $0.50, $0.60, $0.70
Support Levels: $0.30, $0.20, $0.10
XRP (USD) Long-term Trend: Bullish (Daily Chart)
XRPUSD’s price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook. The price bar can be seen trading above the EMA-50 which confirms its uptrend.
The coin made it to the $0.46 high level during the previous action and has made the price remain in green at the present.
As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The coin price at a $0.46 high value is undeniably bullish as the daily session opens today. Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $0.54 supply mark.
More so, the Ripple price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $1.00 supply trend line might be the target soon in its higher time frame.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The currency pair is also showing a bullish sentiment in its medium-term outlook. The price actions can be seen above the EMA-50 and slightly below the EMA-9.
The bulls caused a rise to the $0.44 resistance level above the EMA-50 as the 4-hourly chart opens today. The current trend level indicates that the bulls are having the market at their disposal at the present, so the bulls are in a good position to move the price of XRPUSD further up and this might get to the previous high of $0.48 level resulting in an intraday gain for the coin buyers.
Additionally, the daily stochastic indicates an uptrend, hence, there is a tendency for the Ripple price to rise further, if the support level holds, this will enable buyers to take the price up to a high of $1.00 soon in its medium-term perspective.
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