XRP (XRPUSD) Price Forecast: April 1
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 further climb up to the $0.80 upper resistance level and beyond.
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 pair is experiencing a jolly bullish move in its long-term view. The coin price is now strongly trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The sustained bullish pressure was able to push the coin price upside to a $0.58 high level before the end of yesterday’s session; this has enhanced the crypto price to remain firm above the supply levels in its recent high.
Today, the market price of XRP at the $0.55 high level which is above the moving averages as the daily chart opens implies that the price is in an uptrend, and from the way it is at the moment, it will keep growing.
Hence, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the price up to a high of $0.80 soon in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
Upward pressure still dominates the XRPUSD market in the medium-term time frame. The price currently trades above the two moving averages, this affirms its bullish trend.
The bulls made it to a $0.58 resistance level during yesterday’s session and sustained it. This made it possible for the price to rise further.
Today’s market value of XRP at a $0.55 supply value above the two moving averages as the 4-hourly session opens today affirms the presence of more buyers in the market.
In addition to that, 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 in its medium-term outlook.
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