XRP Price Prediction: Buyers Aim to Hit $1.0 Level Before Any Significant Price Drop

XRP Price has breached 18 months bearish trendline during rebound.
Amid the bullish trend, buyers turned the resistance zone into an immediate support zone.
Buyers recorded 46.4% gain in the September month.

XRP price is now in a bullish trend after a bullish breakout. In September month, XRP became the one of top gainers. In the last few weeks, crypto investors have been accumulating assets to make nice profites it short-term.

Before the recent pump and dump, XRP crypto had consolidated nicely. As a result, buyers are able to sustain the price in higher zones. Meanwhile, XRP coin against the USDT pair is trading at $0.494 mark at the time of writing, along with 0.9% intraday gain. The overall crypto market has risen tonight, thus the XRP coin along with the Bitcoin pair is up 2.7% at 0.0000245 satoshis.

Investors had been facing trouble below the bearish trendline since its all-time high level of $1.96 mark. And last month, buyers eventually breached the long-term downsloping trendline which helped bulls to record a 46.4% rally in the September month. This price rally indicates the price accumulation above the red zone of volatility of $1.0.

Due to bullish breakout, XRP bulls breached the resistance zone. As a result, buyers turned the resistance zone into an immediate support zone. Besides, the $1.0 level is observed as the next resistance level.

XRP Turnes 200-SMA as a Key Support Level

The 20 day moving average stays below the supprent price of XRP and is provided support. Amid bullish trend, XRP price moves above the all significant moving averages like 20,50,100 and 200 on daily time frame. Now the XRP price prediction is likely to see more rally ahead.

The MACD indicator looks flat into the positive region over the daily price chart, but histograms, turned in red, show weak strength.

Conclusion

The XRP coin continues moving higher above the 20 day moving average. The XRP price prediction shows more upsides until the price hits the red zone of volatility-$1.0 mark.

Resistance level- $0.51 and $1.0

Support level- $0.44 and $0.30

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing