• Ripple (XRP) could gain more uptrends as it is currently hovering above the 9-day and 21-day moving averages.
• XRP/USD is changing hands at $0.37 with a tremendous gain of 5.90% since the beginning of the day.
• The Ripple price prediction shows that XRP could renew the bullish trend after testing the support level of $0.34 today.
The Ripple price prediction shows that XRP could be set to regain its bullish momentum after testing the support level of $0.34 today. The Ripple price is currently changing hands at $0.37 with a tremendous gain of 5.90% since the beginning of the day. This suggests that the bulls are in control of the daily movement of the coin, as the technical indicator Relative Strength Index (14) is also moving to the north.
Looking at the daily chart, the Ripple price is now hovering above the 9-day and 21-day moving averages. This could imply that further bullish movements may come into play if the Ripple price gains additional upside, and the nearest resistance level could be found at $0.40. This could be a crucial level for the altcoin as it could determine whether or not the bulls can push the price higher.
If the bulls succeed in pushing the price above the $0.40 resistance level, the Ripple price could surge to $0.45, $0.47, and $0.49 resistance levels. On the other hand, if the bears take control of the market and push the Ripple price below $0.30, the price could fall to $0.28 and $0.26 support levels.
Overall, the Ripple price prediction is optimistic, and the coin could be set to extend its gains if the bulls succeed in pushing the price above the $0.40 resistance level. However, the traders should also be aware of any potential price reversals that could occur in the market.