XRP Spills Over $0.37; TAMA is still attractive.

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Ripple Price Forecast XRP may resume its bullish trend today after testing the $0.36 support level.

Ripple forecast statistical data:

  • Ripple price now – $0.39
  • Ripple’s market value is $19.6 billion
  • Ripple transfer supply – 49.8 billion
  • Total supply of Ripple – 99.98 billion
  • Ripple Coinmarketcap Rank – #7

XRP/USD market

Key steps:

Resistance levels: $0.45, $0.47, $0.49

Support levels: $0.35, $0.33, $0.31

XRP Spills Over $0.37;  TAMA is still attractive.
XRPUSD – Daily Chart

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After touching the daily low at $0.36 in the European session today, XRP/USD is back on the ground. The price of Ripple is currently changing hands at $0.39 and with the recovery, the coin is hovering above the 9-day and 21-day moving averages.

Will Ripple price move up like Tamadoge?

According to the daily chart, the price of Ripple is going to the resistance level of $0.40, because the first step to cross the upper border of the channel can increase the price even more. Ripple (XRP) reached a daily high of $0.398 before retreating to where it is currently trading. Looking at the above, if the price of Ripple stays above the moving averages, the closest resistance level can be found at $0.40, so more bullish movements may come.

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However, traders can see that the daily activity remains in the hands of the bulls, because the technical indicator Relative Strength Index (14) remains above the 60-level, in a steady recovery from the low side. Meanwhile, a break above the $0.40 level could push the coin towards the $0.45, $.47 and $0.49 resistance levels, while a fall to the lower border of the channel could bring in the $0.35, $0.33 and $0.31 supports. respectively.

On Bitcoin, Ripple’s price is rising above the 9-day and 21-day moving averages. As the coin touched the daily high at 2021 SAT today, the bulls are putting more buying pressure on the coin for further growth. Meanwhile, if the buyers exert more pressure, the price may rise and cross above the upper border of the channel.

XRPBTC – Daily Chart

Moreover, if the sellers return to the market, the price of Ripple may drop to the support of 1700 SAT and below. Currently, the relative strength indicator (14) of the technical indicator moves to the overbought region because the market is facing an upward movement and a potential resistance level can be found at $2200 and above.

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