• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

XRP (XRPUSD) Price Might Head to the $1.000 Resistance Level

Johnathon Fox
10/06/2023 | UPDATED ON: 10/06/2023

XRP (XRPUSD) Price Forecast: October 6
The XRP market is currently running a bullish race and the price might head to the $1.000 resistance level as the crypto is facing high pressure from the bulls. Thus, a sharp breakout and closure above the $0.852 previous high level will invalidate any bearish thesis and the price might hit the high at the $1.000 resistance level and beyond which may foot the recovery pattern to a higher price level, resulting in an intraday gain for the coin traders.

Key Levels:
Resistance Levels: $0.700, $0.800, $0.900
Support Levels: $0.500, $0.400, $0.300

XRP (USD) Long-term Trend: Bullish (Daily Chart)
Despite the intervention of the short traders, the XRP market remains in a bullish trend in its long-term outlook. Further, the coin prices are traded above the EMA-50 and might head to the overhead resistance level soon.
XRP (XRPUSD) Price Might Head to the $1.000 Resistance Level
The bullish pressure to a $0.548 high level in the previous days has made it possible for the coin to remain in a bullish trend zone in its recent high.

The drop in the price of XRPUSD to the $0.520 low value as the daily chart commenced today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.

Thus, if the bulls can put extra effort into the price action and break above the $0.852 supply mark, further selling pressure will be put into hibernation.

In light of this, it is anticipated that the bulls will swing the price of XRP upward and might head to the $1.000 supply value in the next days 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 is currently trading above the EMA and might head to the overhead resistance trend line.
XRP (XRPUSD) Price Might Head to the $1.000 Resistance Level
The coin has been having a series of higher highs and higher lows in the past few hours which have sustained the bullish impact on the crypto market.

The impulse move by the buy traders to a $0.524 high level as the 4-hourly chart opens today indicates more strength in buyers’ commitment.

Trading above the moving averages will enable the market value of XRPUSD to keep pushing up. Therefore, if the bulls should add more aggression to their activities in the market, the $1.000 resistance level might be reached soon in its medium-term time frame.

Buy XRP on eToro

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Dash 2 Trade (D2T/USD) Gains Momentum in its Ascent Toward the $0.005 Price Threshold
Next Post: Lucky Block Price Prediction: LBLOCKUSD Price to Swing up to the $0.001000 Level »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US