XRP, the native token of Ripple’s open-source XRP Ledger, displays positive technical signals despite recent volatility in the broader crypto market.
Pivot levels show the classic pivot point at .05, with support at .51 and resistance at .51. The Fibonacci pivot point aligns similarly, with support at .67 and resistance at .43.
The 14-day Relative Strength Index (RSI) stands at 46.58, indicating neutral territory, while the MACD remains in negative territory at -0.28, signaling bearish momentum. The Stochastic oscillator, at 47.85, also reflects a neutral range.
However, the analysis advises caution, noting that long-term cryptocurrency price predictions, especially for a 10-year horizon, are highly speculative.
According to analysis from Changelly, XRP’s price is forecasted to rise by 26.73% to reach Analyzing XRP’s technical indicators reveals a mixed picture, with some positive signs. The 5-day and 20-day moving averages have formed a bullish crossover, suggesting potential upward momentum. However, bearish crossovers are evident between the 20-day and 50-day moving averages and the 50-day and 200-day moving averages.
Ripple is trading at The cryptocurrency exhibits relative strength compared to Bitcoin, and short-term price forecasts suggest potential upward movement. Over the past 24 hours, Ripple (XRP) has increased in price by 4.3%.
