Long-Term Outlook

XRP Weekly Chart – Source: Tradingview.com

A look at the Weekly XRP chart shows that price hit support at the $0.3 area quickly rallied upward to $0.4.

Price made a spinning top candle which indicates indecision in the market and followed that with a  bearish engulfing candle. Price is currently trading at $0.33.

It is facing resistance from the 7-period moving average which coincides with the small resistance area and has previously made a bearish cross (yellow arrow).

The RSI is at 40, indicating neither overbought nor oversold conditions.

The MACD has lost all of its power, and its stuck between making a bearish and bullish cross.

Medium-Term Outlook and Price Prediction

XRP Daily Chart – Source: Tradingview.com

A look at the Daily chart for Ripple shows that price is close to the support line of the symmetrical triangle at $0.3 (green line).

The MACD has made a bearish cross and is falling down, however with decreasing strength. Also, the Chaikin oscillator got rejected at 0 without turning positive (A bearish sign).

There is a strong possibility that price only moves within the confines of the triangle for the next 48 days.

XRP Price Prediction: Therefore, I believe that price will touch the support line start and rally to resistance at $0.4 again during this or the next week.

This is in line with last weeks XRP outlook and prediction.

Short-Term Outlook

XRP 12-Hour Chart – Source: Tradingview.com

The 12-hour chart gives us more information about price movements.

Price reversed after touching the resistance line at $0.44.

The RSI is almost oversold, trading at 30.

Furthermore, the MACD has been falling with less power and seems to be close to making a bullish cross. There is no divergence of any kind yet.

XRP 2-Hour Chart – Source: Tradingview.com

Finally, a look at the 2-hour chart gives us another trading structure.

Price broke down from the descending triangle it was trading in for the past two weeks and fell to the mini-support area formed by the highs of December 7-17.

This move is consistent with the analysis given in last weeks short-term outlook


  • In the Long-Term price is moving within a symmetrical triangle.
  • Indicators are slightly bearish.
  • In the Short-Term price broke down from a descending triangle.

Latest Ripple News:

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