Suche
Mein Konto
XRP price: Will Ripple continue the corrective movement or rebound bullishly? The current status and forecast
The XRP price has reacted surprisingly bearishly in recent days, raising the question of whether Ripple will continue the corrective move or whether a bullish rebound is imminent. Currently, XRP price is encountering significant Fib support at around $0.47. Should this support break, the price could return to the golden ratio at around $0.4. The daily chart still shows a golden crossover of the EMAs, which confirms the short to medium-term trend as bullish. However, the MACD lines have already crossed bearishly and the MACD histogram is showing a negative trend while the RSI is in neutral territory. In the 4-hour chart...
XRP price: Will Ripple continue the corrective movement or rebound bullishly? The current status and forecast
The XRP price has reacted surprisingly bearishly in recent days, raising the question of whether Ripple will continue the corrective move or whether a bullish rebound is imminent.
Currently, XRP price is encountering significant Fib support at around $0.47. Should this support break, the price could return to the golden ratio at around $0.4. The daily chart still shows a golden crossover of the EMAs, which confirms the short to medium-term trend as bullish. However, the MACD lines have already crossed bearishly and the MACD histogram is showing a negative trend while the RSI is in neutral territory.
A death cross has already formed on the 4-hour chart, confirming the short-term trend as bearish. Here too, the MACD lines have crossed bearishly and the MACD histogram shows a downward trend. The RSI does not provide clear signals. Nevertheless, there is still a possibility that Ripple will bounce off the Fib support at $0.47. If not, another significant Fib support awaits around $0.4.
Ripple is still at the 50-week EMA support, which has successfully held for the past four weeks. However, the MACD lines on the weekly chart suggest that a bearish crossover could be on the horizon. Here too, the MACD histogram has been showing a downward trend for several weeks. The RSI does not provide clear signals. Overall, the indicators point to a bearish trend. Nevertheless, the support at $0.47 should not be ignored. There is still a chance that Ripple will hold this and continue the upward move. The next significant resistance is at $0.526.
It is not yet clear whether Ripple will ultimately return to the golden ratio support of $0.4. As long as the price stays above this level, the uptrend remains intact. Additionally, the MACD lines on the monthly chart suggest that a bullish crossover may be imminent. The MACD histogram has been showing a bullish trend for several months.
Against Bitcoin, the Ripple price has already been in a strong downward movement for four weeks and will soon encounter significant Fib support at around 0.0000145 BTC. Should this support break, there is further significant support between around 0.0000124 BTC and 0.0000134 BTC.
Overall, the XRP price is currently bearish, but there are still opportunities for a positive development, especially if the mentioned support levels hold and the trend reversal patterns are confirmed. However, traders and investors should keep an eye on developments and monitor further price movements carefully.