Ripple price is showing bearish signal against the US Dollar and Bitcoin. XRP/USD is currently below the $0.5000 mark and is looking to break the daily support level. Here is the 10-12 April Ripple Technical Prediction.

10 April, AtoZForex – The Ripple or XRPUSD is trading below the US$ 0.50 mark with a 24-hour volume of $22 Million. The coin now has a total market cap of US$ 18 Billion. After the entire cryptomarket dip since the last few months, Ripple also failed to outperform and dropped nearly 75% over the previous three months. Fundamentally, several factors affected the entire crypto-world including the China-US trade war, Indian Central Bank Limits Banking Services for Crypto Firms and Google, Facebook & Twitter cryptocurrency ads ban. Yesterday, the coin showed some positive signal but failed to sustain above the US$ 0.50 psychological level. Will the Ripple manage to cross the US$ 0.55 level in coming days?

10-12 April Ripple Technical Prediction

Yesterday, the engulfing bearish candlestick pattern emerged in the 1D timeframe, signaling downtrend as of now. During an uptrend, this pattern characterized by a large black real body, which engulfs a real white body (it doesn’t need to submerge the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns. It is considered as a significant reversal signal for XRPUSD pair.

Moreover, The 100 SMA is still above the longer-term 200 SMA to signal that the path of least resistance is to the upside. According to the Fibonacci retracement charts, the XRPUSD pair failed to sustain above the 23.6% Fibo retr. zone and trading near the daily support level. However, the buyers still seem optimistic about the XRPUSD pair for the long-term. A bullish reversal above the golden ratio Fibo zone (38.2% Fibo retr. zone) is the needed for a forward pull breaking the strong resistance near $ 0.52- 0.54 levels.

Additionally, yet the XRPUSD might face some bearish pressure and hold below the $ 0.45 mark is crucial for the XRPUSD pair. If, the failure to sustain the strong support level than a massive drop towards US$ 0.40- 0.42 could be seen in coming days.

XRPUSD Weekly Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3 Classic 0.34414 0.39937 0.44224 0.49747 0.54034 0.59557 0.63844 Fibonacci 0.39937 0.43684 0.46 0.49747 0.53494 0.5581 0.59557 Camarilla 0.45812 0.46711 0.47611 0.49747 0.49409 0.50308 0.51208 Woodie’s 0.33796 0.39628 0.43606 0.49438 0.53416 0.59248 0.63226

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