Ripple Price Prediction for Today, April 2: XRP/USD May Spike Above $0.55

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The Ripple price prediction shows that XRP could renew the bullish trend after testing the support level of $0.50 today.

Ripple Prediction Statistics Data:

Ripple price now – $0.51
Ripple market cap – $26.8 billion
Ripple circulating supply – 51.6 billion
Ripple total supply – 99.98 billion
Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.60, $0.65, $0.70

Support levels: $0.45, $0.40, $0.35

Ripple Price Prediction for Today, April 2: XRP/USD May Spike Above $0.55 — XRPUSD – Daily Chart

XRP/USD regains ground after touching the daily low at $0.50 during the European session today. The Ripple price is currently changing hands at $0.51 and despite the recovery, the coin is now hovering above the 9-day and 21-day moving averages.

Ripple Price Prediction: Would Ripple Price Move to the Upside?

According to the daily chart, the Ripple price is moving toward the resistance level of $0.55 as the initial move toward the upper boundary of the channel could boost the price further up. The Ripple (XRP) hits the daily high at $0.52 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Ripple price stays above the moving averages, and the nearest resistance level could be found at $0.55.

However, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) moves above the 60-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.55 level may most likely push the coin toward the potential resistance levels of $0.60, $0.65, and $0.70, while a drop toward the lower boundary of the channel may lead to the supports of $0.45, $0.40, and $0.35 respectively.

Against Bitcoin, the Ripple price is seen moving above the 9-day and 21-day moving averages. After the coin touches the daily high at 1881 SAT today, the coin later retreated to the low of 1765 SAT. Meanwhile, the price may keep moving upward if buyers put pressure on the market.

Moreover, should the sellers return to the market, the Ripple price may drop to the support of 1500 SAT and below. At the moment, the technical indicator Relative Strength Index (14) stays above the 60-level and the market could face upward movement in the next positive direction while the resistance level could be located at $2200 and above.

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