XRP (XRPUSD) Price Forecast: August 2
The XRP market shows fundamental growth amidst market uncertainties and remains in a strong uptrend. The bulls are leading on the XRP market, and from the look of things, the surge in coin may continue if buyers could aggressively increase their activities in the market. The coin promises a better performance, if all the support levels hold. Hence, the crypto may trend higher to the $0.80 upper resistance level and beyond, indicating an impressive uptrend.
Key Levels:
Resistance Levels: $0.55, $0.65, $0.75
Support Levels: $0.40, $0.30, $0.20
XRP (USD) Long-term Trend: Bullish (Daily Chart)
Amidst market uncertainties, the XRPUSD price shows fundamental growth as it ascends toward the upper channel in its higher time frame.
The pair was able to reach the $0.63 high mark before the end of yesterday’s session; enhancing the XRP price to show a fundamental growth and remain firm above the supply levels in its recent high.
Today’s daily bullish candle at the $0.65 resistance level above the moving averages shows the coin’s fundamental growth amidst market uncertainties, confirming the bulls’ dominance in the market.
Thus, the current price at $0.65 high value may accelerate the bullish momentum and extend the ongoing correction to a $0.78 previous higher level, if the bulls could add more strength to their buying forces.
Hence, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the XRPUSD price up to a high of $0.80 soon as it shows fundamental growth amidst market uncertainties in its long-term perspective.
XRP (USD) Medium-term Trend: Bullish (4H Chart)
XRPUSD price shows fundamental growth and maintains an upward pressure as the bulls remain dominant on the medium-term view. The price currently trades above the moving averages, affirming a bullish trend.
The bull’s pressure to a $0.63 resistance level during yesterday’s session has made it possible for the XRPUSD price to show significant growth above the upper level in its recent high.
Today’s market value of XRP is at a $0.65 supply value above the moving averages. The 4-hour session that opens today affirms the presence of more buyers in the market and a solid entry point.
It’s worth noting that the upward trajectory could show fundamental growth above the $0.65 current resistance level. A breakout above this level could drive the XRPUSD pair high by 5%, indicating investors’ confidence and interest in the crypto.
Additionally, the daily stochastic is in an uptrend. Hence, if the coin buyers should break above the $0.65 current supply trend line, the market participants may witness a new recovery rally to reach the $0.80 high mark soon as it shows fundamental growth amidst market uncertainties in its medium-term perspective.
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