CoinGapeNews

Ripple Price Prediction: XRP explodes toward $0.6, leading crypto market recovery

Ripple heads back to $0.6 upon finding support at $0.4.
The resistance at $0.54 must come down to validate the upswing to $0.6.
Losses under $0.5 may revisit the support at $0.4 and perhaps extend to $0.35.
Ripple and THETA are the best performing cryptocurrencies in the top ten list. As discussed, THETA has rallied more than 32% in the last 24 hours but seems to have hit a wall at $14. On the other hand, XRP is up nearly 12% to exchange hands at $0.53.
The recovery commenced in the wake of the mid-week losses from highs around $0.6 to the support at $0.4. Price action above the 200 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart confirmed to the investors that the path least resistance path is north.
Consequently, the bullish grip strengthened when XRP stepped above the 50 SMA on the same 4-hour chart. A real break past $0.5 has opened the door for gains targeting $0.6.
Meanwhile, the Moving Average Convergence Divergence has a bullish impulse. It also about to present a call to buy the dip as speculation mounts for the cross-border cryptocurrency to lift above $0.6.
Massive gains are expected to come into play when the MACD line (blue) crosses above the signal line. Besides, bulls will have cemented their presence in the market if the indicator enters the positive region.
XRP/USD 4-hour chart
Read more
XRP/USD price chart by TradingviewRipple has stepped above the 61.8% Fibonacci level resistance. However, the token is not out of the woods until higher support is established, preferably above $0.54.
On the flip side, …
Story continues on CoinGape

Related posts
CoinGapeNews

THETA Price Analysis: THETA 32% rally in jeopardy as immense resistance emerge at $14

THETA rallies towards all-time highs following a bounce from key support at $10. The MACD has a bearish impulse, suggesting that THETA would correct toward the 50 SMA. THETA is among the few double-digit gainers in the cryptocurrency market. This…
Bitcoin.comcrypto exchangeCryptocurrenciesEuropeNewspropertyReal EstateSpainSpain Cryptotokenizedtokenized assets

Domestic and Foreign Buyers Acquired a ‘Tokenized’ Apartment in a Spanish City by Paying With Ethereum

National and foreign buyers acquired a “tokenized” apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties. Transaction Was…
BitcoinBTC Trading ViewNewsNews 1Trading View

Why this retirement fund has invested in Bitcoin

New Zealand-based retirement saving schemes KiwiSaver, one that is operated by NZ Funds Management, has invested about five percent of its assets in Bitcoin. Local reports stated that as of December lThe post Why this retirement fund has invested in…