Ripple or XRPUSD pair moves away from daily lows, but the overall sentiments remain in bearish trend. Here is the 30-31 March Ripple Technical Prediction.

30 March, AtoZForex – Ripple price trying to move above the US $0.50 after the dip towards Asian lows near $ 0.47 level. Also, the coin continuously losing its total market cap after the huge sell-off this week. The XRP now has a total market cap of around US $20 Billion. In the last 1 Week, the price has moved by $ -0.1 (-20.16%) with a total volume of over $ 330.59 Million. The highest price, $ 0.6776, was on Saturday, 24 March 2018. The lowest price, $ 0.4715, was on Friday, 30 March 2018. Will the Ripple or XRPUSD price sustain above the US$ 0.50 mark?

30-31 March Ripple Technical Prediction

Cryptocurrency market capitalization dipped below $260 Billion, which is the lowest level since November 2017 and three times smaller than at the beginning of the year. Again a three black crows candlestick pattern has emerged in the 1M timeframe which suggests that the market has been at a high price for too long, and investors are beginning to compensate for it.

The XRPUSD recovered strongly from the previous lows and is now trading at $ 0.50 at the time of writing. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. According to Fibonacci retracement charts, the XRPUSD pair tried to cross 23.6% Fibo. retr. zone but failed to consolidate above $ 0.50 level. Thus, the continual bearish pressure could dip the XRPUSD pair towards its daily strong support zone & push the price below $ 0.45.

The relative strength index(14) value is below 50 in daily timeframe signals Sell.

The MACD (12,26) value is -0.087 gives Selling signal in daily charts.

Moreover, according to ATR(14), the XRPUSD pair is Less volatile.

The Ripple has significant daily support near US$ 0.47 level and resistance near US$ 0.55 level.

Ripple Daily Pivot points

Name S3 S2 S1 Pivot Points R1 R2 R3 Classic 0.39477 0.44511 0.47423 0.52457 0.55369 0.60403 0.63315 Fibonacci 0.44511 0.47547 0.49422 0.52457 0.55492 0.57367 0.60403 Camarilla 0.4815 0.48879 0.49607 0.52457 0.51064 0.51792 0.5252 Woodie’s 0.38417 0.43981 0.46363 0.51927 0.54309 0.59873 0.62255

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