Ripple Price Prediction: XRP Dips Are Attractive To The Bulls

The price of XRP has always been a hot topic in our altcoin news. In today’s headlines, we are giving a new Ripple price prediction based on the current conditions on the market.

As the charts show, Ripple started a downside correction from well above $0.4550 and tested the support zone of $0.4185 and it is currently showing positive signs above the $0.4250 level. The price of XRP broke a major bearish trend line with resistance at $0.4510 on the 30-minute charts.

Because of all this, and the many struggles and increases in the price of XRP, many expect a Ripple price prediction now. Our analysts at DC Forecasts estimate that the Ripple price follows the traction of the latest cryptocurrency news and the gains made by Bitcoin, Ethereum and Ripple.

XRP/USD traded below the $0.4385 and $0.4240 support levels, but the $0.4185 to $0.4200 support zone acted as a decent buy zone. The pair even broke the 25 simple moving average plus the 23.6% Fibonacci retracement level of the latest drop from the 6% Fibonacci retracement level of the latest drop from the $0..
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4636 high to $0.4188 low.

Seeing as it is now, the previous pivot zone near $0.4385 is a strong resistance level for XRP right now. Besides, the 50% Fib retracement level of the latest drop from the $0.4636 high to $0.4188 low is near the $0.4415 level. This shows that the Ripple price prediction is entirely based on bulls which need to clear these levels and start a fresh increase in the near term. If they fail to do so, however, the price would decline towards the $0.4185 support line.

Below $0.4185, the main support for the price of Ripple is near the $0.4145 level as many best cryptocurrency news sites have shown. If there are more losses, the XRP price is likely to test the $0.4020 support zone.

For those of you who want to stay optimistic regarding the Ripple price prediction, on the upside a break above $0.4415 might lead the price to the $0.4600 resistance area. All in all, Ripple (XRP) has managed to retrace but is still not sitting in a comfortable zone as it used to be.

While XRP is heading for the comfort that it needs, bulls are ready to make a move and trigger a potential price growth which would be welcome in the coming altcoin news.