XRP (XRPUSD) Price Forecast: April 15
The XRP (XRPUSD) price remains in an uptrend at the moment. The coin is currently recovering and also maintains its bullish race. The crypto is showing positive signs above the $0.465 supply value. If the coin holders could prove stronger and the price shows sustainability above the $0.584 previous high value, its upside moves could extend further to reach a $0.850 high level and beyond.
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)
The XRPUSD pair portrays a bullish sentiment in its long-term perspective. Buyers are confident about gaining higher levels and this confirms their high impact in the market at the present.
The sustained bullish pressure pushed the currency pair up to the $0.520 supply level during the past session and sustained it. This has made it capable for the coin to remain firm in an uptrend.
The momentum continues as the bulls made a corrective move to a high at the $0.514 supply mark above the supply trend levels as the daily chart opens today. This shows the high impact of the buy investors on the XRP market; likewise, the downside risk remained uncertain.
Hence, should the bulls respond to the shift in the trend and push the price upwards, a further bearish thesis would be nullified.
Hence, fresh entries by the buy investors toward the higher side are likely as indicated by the momentum indicator pointing in an upward direction, the bulls could therefore aim at the psychological level of $0.850 resistance value in the days ahead as the crypto maintains its bullish race in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
In the chart below, we can see that the XRPUSD price has an uptrend and is traded in an uptrend channel.
The coin price can now be seen progressing upward above the resistance trend lines matching the upper resistance levels. This shows that buyers are currently gaining more strength in the market.
The coin has been having a series of moves by the bulls in the past few hours which has sustained the price above the trend levels.
Today, the bulls made an upward move to the $0.0511 high value above the supply trend levels as the 4-hourly chart opens. The XRP price looks promising as the bulls remain dominant in the market at the moment. If the bulls should increase their price action, and bullish momentum is sustained far above the resistance trend lines, further bearish sentiment will be hibernated.
Additionally, the daily stochastic remains in an upward direction. Hence, if the coin buyers manage to break above the $0.584 previous supply trend line, the market participants may witness a new recovery rally and this may likely reach the $0.850 high mark in the days ahead in its medium-term perspective. This signals a BUY trade again in its medium time frame.
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