XRP moves sideways as the price turns from the support line with the current market price of $0.3535. Over the last 3 days, the XRP price has shown remote movement as neither the bulls nor the bears could move the coin in any specific direction.
Since June, the XRP/USD has been trading between $0.4095 and $0.2986. The MACD line is above the signal line, and the histogram chart showing green candles denotes a bullish sign. The price had ascended 5% from when the MACD gave a bullish signal.
The volume bar moves below average, and there is a requirement for additional buyers for the price to ascend. Based on our XRP price prediction, if the coin price continues to rise, it may reach its resistance of $0.4095. However, the remote movement in price denotes the bulls put strong buying pressure for a bullish trend. The RSI indicator is 58 and may head towards the overbought zone as the indicator line heads upwards.
On the weekly chart, there has been a formation of bullish candles in the last 2 weeks, and during the previous week, the price ascended 15%. The forming weekly candle shows the formation of dogi as the bulls and bears both are trying to push the price.
The MACD indicator on the weekly chart is on the bullish side; however, once the price reaches the resistance of $0.4095 and closes above it, a strong bullish trend can be expected in the long run. The price on the daily and the weekly chart revolve in the same zone from where the price hiked in the past and reached its higher highs.
