XRP Price Prediction: XRP Price Poised for 6% Rise in Coming Week; But There’s a Catch
XRP Price Prediction: Amid the recent correction in the XRP price, the coin holders witnessed a 25% loss from the peak of $0.585 over the last three weeks. This bearish pullback plunged the coin price to 61.8% Fibonacci retracement level at $0.44 support. In theory, this FIB level is a watchful mark as the price driven to such a low level also indicates weakness in bullish momentum. Thus, the recent uptick in the XRP price doesn’t confirm the resumption of bullish momentum. advertisement Key Points: A long-coming ascending trendline is the key support holding the bullish outlook in XRP price. A new resistance trendline directs the ongoing correction phase The intraday trading volume in the XRP is $479.5 Billion, indicating a 39% loss. Source- Tradingview On April 22nd, the XRP price rebounded from the combined support of $0.44 and 61.8 FIB level with a bullish piercing candle. This reversal candle at strong support increases the p...