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XRP Price Prediction: Long-term (XRP) Value Forecast – May 25

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  • On the upside, the crypto’s price is likely to rise but will face resistance at the $0.42 price level.
  • The bears broke the 0.236 and 0.382 continuation zone of Fib. retracement level. Again it broke the 0.50 and 0.618 downtrend zone of the Fib. retracement level.

XRP /USD Price Long-term Trend: Bullish

  • Supply levels: $0.40, $0.42, $ 0.44
  • Demand levels: $0.36, $0.34, $0.32

The XRP/USD pair is still in the bullish trend zone. From the price action, the market fell to the support of the 12-day EMA and the 26-day EMA which indicates that price was in the bullish trend zone. In retrospect, On May 15, the XRP market reached a high at $0.46 price level but the bulls were resisted. First of all, the price made a downward correction to the support of the 12-day EMA. At the support of the 12-day EMA, the price rose again was resisted at the $0.42 price level.

In the second downward correction, the market fell the support of the 26-day EMA. The 26-day EMA was well supported as the bulls made an upward move. From the Fibonacci retracement level, the market retraced after being resisted at the $0.46 price level. The bears broke the 0.236 and 0.382 continuation zone of Fib. retracement level. Again it broke the 0.50 and 0.618 downtrend zone of the Fib. retracement level.

The bears found support at the 0.618 Fib. retracement level. The XRP market had resumed another bullish move after the bears had exhausted their bearish pressure. On the upside, the crypto’s price is likely to rise but will face resistance at the $0.42 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin Market Price Chart in RealTime

Source: BEG

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