the asset is showing bullish strength
XRP price prediction highlights a tough battle between bulls and bears and shows a narrow trading range on the crypto between $0.5000 to $0.7500. The recent price structure suggests that the XRP price is trying to sustain at a support level, to retest the supply level.
Moreover, the trading volume on all tradeable platforms for the XRP crypto is 1.06 Billion with a market capitalization of 33.12 Billion. Meanwhile, its Volume to market cap ratio is 0.0315, and its overall circulating supply is 55.05 Billion.
The XRP asset is expressing bullish behavior and shows that it has the opportunity to increase further. Despite negative performance on weekly and monthly terms by -4.39%, and -3.17% respectively, the price is trying to hold on over the support level at $0.5600.
The support taken by the XRP crypto has indicated a sign of a possible turnaround on the daily chart as well. This shows the possibility for the price to rise and the current support of $0.5600 could become a key level on the chart.
Therefore, according to XRP price prediction, the asset is showing bullish strength and rising potential as it has recently been trying to surge past above the major 20, and 50-day EMA's. Furthermore, the XRP crypto asset showing bullishness as the MACD line has started to converge and has been approaching the signal line to cut from below, which could lead to the formation of the bullish cross in the coming sessions.
Likewise, the RSI shows no signs of overbought conditions yet and has started to take support from 14-SMA, suggesting that the XRP asset has more room to grow.
At the time of writing, the XRP crypto is experiencing a surge of 2.32% in the last 24 hours and is currently trading at $0.6087.
Hence, if the demand for the XRP rises, the asset price could bounce back strongly from the current level. The next target for the price could be to reach $0.6500, and $0.7000.
However, if the XRP crypto price fails to stay above the $0.5600 level, it could decline further.
Moreover, the trading volume on all tradeable platforms for the XRP crypto is 1.06 Billion with a market capitalization of 33.12 Billion. Meanwhile, its Volume to market cap ratio is 0.0315, and its overall circulating supply is 55.05 Billion.
The XRP asset is expressing bullish behavior and shows that it has the opportunity to increase further. Despite negative performance on weekly and monthly terms by -4.39%, and -3.17% respectively, the price is trying to hold on over the support level at $0.5600.
The support taken by the XRP crypto has indicated a sign of a possible turnaround on the daily chart as well. This shows the possibility for the price to rise and the current support of $0.5600 could become a key level on the chart.
Therefore, according to XRP price prediction, the asset is showing bullish strength and rising potential as it has recently been trying to surge past above the major 20, and 50-day EMA's. Furthermore, the XRP crypto asset showing bullishness as the MACD line has started to converge and has been approaching the signal line to cut from below, which could lead to the formation of the bullish cross in the coming sessions.
Likewise, the RSI shows no signs of overbought conditions yet and has started to take support from 14-SMA, suggesting that the XRP asset has more room to grow.
At the time of writing, the XRP crypto is experiencing a surge of 2.32% in the last 24 hours and is currently trading at $0.6087.
Hence, if the demand for the XRP rises, the asset price could bounce back strongly from the current level. The next target for the price could be to reach $0.6500, and $0.7000.
However, if the XRP crypto price fails to stay above the $0.5600 level, it could decline further.
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