{"id":282370,"date":"2021-01-31T09:13:35","date_gmt":"2021-01-31T14:13:35","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=282370"},"modified":"2021-08-22T07:23:10","modified_gmt":"2021-08-22T11:23:10","slug":"xrp-price-prediction-xrp-usd-rebounds-northward-away-from-the-recent-0-30-range-trading-value","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-xrp-usd-rebounds-northward-away-from-the-recent-0-30-range-trading-value","title":{"rendered":"XRP Price Prediction: XRP\/USD Rebounds Northward Away from the Recent $0.30 Range Trading Value"},"content":{"rendered":"\r\n
XRP Price Prediction \u2013 January 31<\/strong><\/em>
XRP\/USD has rebound northward from a range-trading line been experienced barely over a month. A spike that occurred yesterday signaled bright opportunities for buying pressures.
XRPUSD Marke<\/strong>
Key Levels:<\/strong>
Resistance levels: $0.60, $0.70, $0.80
Support levels: $0.30, $0.25, $0.20
XRPUSD \u2013 Daily Chart<\/strong>
The January 30 bullish candlestick signals a clear-cut for decent resurface of a bullish XRP\/USD market trend. Today, the trend continues to increase in a stead-pace manner. The smaller 14-day SMA trend-line now points towards the north below the bigger 50-day SMA. Like wisely, the Stochastic Oscillators have moved northbound. Yet, they point towards the north direction. All of, signify that buying pressures are ongoing with strong forces.<\/a>
Will XRP\/USD\u2019s value keep hold for long over the $0.30 mark?<\/strong>
A bullish candlestick that occurred yesterday stands to be the determinant yardstick should the current upsurge in the XRP\/USD<\/a> market has to prolong further. As at the time of writing, price trades around $0.50 value with a good myth of pushing more to the north. The market resistance levels around $0.60 and $0.70 may not easily trade past in the near sessions. Nevertheless, a forceful breakout of the two points will allow the crypto-economy to revisit a previous resistance built-up around $0.80 high value.
At the trading-zone of the $0.80 mark, bears may be trying to checkmate bulls\u2019 strength. That way, a size-able bearish candlestick needs to form. On the contrary, buyers may take a short breath to push sustainably beyond the previous high in the next trading cycles during a volatile price move. <\/a>
XRP\/BTC Price Analysis<\/strong>
Comparing price-moves of XRP with BTC, the counter-crypto is gradually losing weight to the base-crypto. A bullish candlestick has occurred and, it is expected to lead to crossing of the 50-day SMA trend-line by the 14-day SMA\u2019s from the below to the north. Therefore, a bullish trend will form in favor of the base crypto. The Stochastic Oscillators are pointing northbound closer below range 80. That\u2019s a signal that the base-crypto is on the verge of gaining more strength at the expense of the counter-crypto\u2019s weaknesses currently in the market. The base instrument may continue to appreciate in the next trading days\u2019 sessions.<\/p>\r\n","protected":false},"excerpt":{"rendered":"