XRP (XRPUSD) Price Forecast: July 16
Amid signs of a new bull cycle, the XRP buyers are leading in the crypto market, eyeing a break out to the $0.700 overhead resistance. The bulls are gaining strength in the XRP market as it remains strongly bullish. 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 $0.700 upper resistance level and beyond, reflecting vibrant engagement and market trends.
Key Levels:
Resistance Levels: $0.500, $0.600, $0.700
Support Levels: $0.400, $0.300, $0.200
XRP (USD) Long-term Trend: Bullish (Daily Chart)
It could be seen that the XRP buyers are leading, experiencing a jolly bullish move in its long-term view. The coin price is 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 $0.526 high level before the end of yesterday’s session, enabling the crypto price to remain firm above the supply levels in its recent high.
Today, the market price of XRP at the $0.532 resistance mark above the moving averages as the daily chart opens implies that the coin buyers are leading and from the way it is at the moment, it will keep growing.
Notably, the daily signal remains in an uptrend, indicating that buyers may continue leading. Hence, there is a tendency for the coin to rise further, if the support level holds. Achieving this will enable buyers to take the price up to a high of $0.700 as soon as the coin buyers are leading in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The XRP buyers are leading as the market remains strengthened above the supply levels in the medium term. The price currently trades above the two moving averages, which affirms its bullish trend.
The bulls made it to a $0.509 resistance level during yesterday’s session and sustained it. This made it possible for the crypto price to rise further in its recent high.
At the press time, today’s market value of XRP at a $0.532 supply value above the two moving averages as the 4-hourly session opens today affirms that the coin buyers are leading in the market.
Further, with high optimism, a break out of the recent $0.532 high value by the bulls could lead the XRPUSD price to hit the $0.566 high level, attracting more buyers to invest in the coin.
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 $0.700 upper high level soon as buyers are leading in its medium-term outlook.
Buy XRP on Longhornfx
Leave a Reply