XRP Price Analysis: Ripple Soars 8% On The Daily, Is $0.30 Next?

XRP/USD – Bulls Finally Break 100-days EMA Resistance

Key Support Levels: $0.243, $0.237, $0.228.
Key Resistance Levels: $0.251, $0.26, $0.271.

XRP found support at the $0.23 level at the start of October. It rebounded from this support yesterday to finally push higher above the resistance at the 100-days EMA – a level which the coin struggled with throughout last week.

After breaking the 100-days EMA, XRP climbed into the resistance at $0.251 – provided by a bearish .382 Fib Retracement. The psychological round number of $0.25 further bolsters the area. The following 4HR chart shows how XRP is now trying to breach this level.

xrpusd-4hr-oct5
XRP/USD 4HR Chart. Source: TradingView

XRP-USD Short Term Price Prediction

xrpusd-daily-oct5
XRP/USD Daily Chart. Source: TradingView

Looking ahead, if the buyers manage to break $0.251, higher resistance lies at $0.26 (bearish .5 Fib), $0.271, and $0.28.

On the other side, the first level of support lies at the 100-days EMA at $0.243. Beneath this, support is located at $0.237 (200-days EMA), $0.228 (.618 Fib), and $0.22.

XRP/BTC – Buyers Break 2-Month-Old Falling Trend Line

Key Support Levels: 2300 SAT, 2250 SAT, 2200 SAT.
Key Resistance Levels: 2350 SAT, 2400 SAT, 2465 SAT.

XRP is also performing well against Bitcoin after it bounced from 2200 SAT yesterday to break above a 2-month-old falling trend line and reach the resistance at 2350 SAT (bearish .5 Fib Retracement). The following 4HR chart shows the reaction at this level.

xrpbtc-4hr-oct5
XRP/BTC 4HR Chart. Source: TradingView

XRP is now supported by the 100-days EMA at around 2300 SAT after recently bouncing from here.

XRP-BTC Short Term Price Prediction

xrpbtc-daily-oct5
XRP/BTC Daily Chart. Source: TradingView

Looking ahead, if the bulls can break the resistance at 2350 SAT, additional resistance lies at 2400 SAT (200-days EMA), 2465 SAT (bearish .786 Fib), and 2500 SAT (bearish .886 Fib).

On the other side, the first level of support lies at 2300 SAT (100-days EMA). Beneath this, support lies at 2250 SAT, 2200 SAT, and 2170 SAT.

The RSI is above the mid-line to indicate the bulls have taken charge of the market momentum after an entire month of bearish control.

SPECIAL OFFER (Sponsored) Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


.custom-author-info{border-top:none;margin:0;margin-bottom:25px;background:#f1f1f1}.custom-author-info .author-title{margin-top:0;color:#3b3b3b;background:#fed319;padding:5px 15px;font-size:20px}.author-info .author-avatar{margin:0 25px 0 15px}.custom-author-info .author-avatar img{border-radius:50%;border:2px solid #d0c9c9;padding:3px}

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 97,066.01 2.76%
Ethereum (ETH) $ 3,322.45 7.15%
Tether (USDT) $ 0.999784 0.34%
Solana (SOL) $ 253.65 7.63%
BNB (BNB) $ 619.30 1.14%
XRP (XRP) $ 1.11 0.87%
Dogecoin (DOGE) $ 0.38263 0.01%
USDC (USDC) $ 0.999351 0.21%
Lido Staked Ether (STETH) $ 3,322.15 7.25%
Cardano (ADA) $ 0.788549 4.86%