XRP (XRPUSD) Price Forecast: July 28
The market price of XRPUSD is in an ascending channel. The coin will most likely continue its bullish run to retest the $0.94799 high level if the bulls increase their buying motives. Based on the outlook, if the resistance level rises above the $0.94799 value, a continuation of the upside is ensured.
Key Levels:
Resistance Levels: $0.70000, $0.80000, $0.90000
Support Levels: $0.4300, $0.4200, $0.4100
XRP (USD) Long-term Trend: Bullish (Daily Chart)
XRPUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the two EMAs. However, the market is presently facing resistance at the recent high. 
The crypto has been having a series of higher highs and higher lows which has made it capable for the price to remain stronger in an upward trend in its recent high.
The drop in the price of XRP to the $0.69390 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.
Should the bulls push harder and exchange hands with the bears at the current support level, the coin price might pull back to retest the $0.94799 previous high level soon in its higher time frame.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
The cryptocurrency remains in an uptrend in its medium-term outlook. The price bars can be seen trading above the EMA-9, this means that the coin is in a bullish trend zone.
The sustained bullish pressure at the $0.71516 level during yesterday’s session actually made it capable for the buy investors to retain the strength in its recent high.
The buy traders caused an increase to the $0.70568 resistance level as the 4-hourly session begins today; this is an indication of an increase in the bulls’ forces in the market.
If buyers should intensify their efforts, the price might possibly rise above the $0.85499 supply value and this may extend to the retest of $0.94799 previous high level in the days ahead in its medium-term time frame.
Buy XRP on eToro
Leave a Reply