Ripple price is gaining upside momentum against the US Dollar and Bitcoin & crossing the daily resistance zone might open doors for the further move. Here is the 13 April Ripple Technical Prediction.

13 April, AtoZForex – The Ripple or XRPUSD pair is trading near US$ 0.63 surged 23.6% with a 24-hours volume of $ 148 Million at the time of writing. The coin now has a total market cap of $24.4 Billion. In the last 1 Week, the price has moved by $ 0.1648 (35.16%) with a total volume of over US$ 314.23 Million. The weekly highest price, $ 0.6627, was on Friday, 13 April 2018. A significant hike in Ripple price with a huge volume was seen in the last two days. As of now, the technical parameters are highly bullish for the XRPUSD pair for the weekly & daily timeframe. Will the XRPUSD pair break the $ 0.75 mark?

13 April Ripple Technical Prediction

According to candlestick charts, a bullish engulfing candlestick pattern has emerged in the 1W timeframe. During a downtrend, the Bullish Engulfing depicts an opening at a new low and closes at or above the previous candle’s open. This signifies that the downtrend has lost momentum and the bulls may be gaining strength.

Moreover, a narrowing gap in SMA signals a weakening bearish pressure & the buying momentum can be seen. According to the technical charts, the 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. Also, the Fibonacci retracement charts suggest that the XRPUSD pair is trading well above the “Golden ratio zone” near the 78.6% Fibo retr. level and a bullish pull might be likely to continue in near term. Also, the price managed to cross the crucial level near the $ 0.60- 0.65 level. A push above the daily resistance zone might open doors for the upward move towards $ 0.76 level. If, the XRPUSD pair managed to surpass the strong resistance level, i.e., $ 0.70- 0.72 than a further upward move towards $ 0.85 – 0.90 could be seen by the weekend.

The relative strength index(14) value is above 50 in daily timeframe signals – “Buy.”

The STOCHRSI(14) value is 94.449 – “Overbought” in daily timeframe.

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

The Ripple has significant daily support near US$ 0.54 level and resistance near US$ 0.70 level.

Market Factors

Ripple Foundation’s chief market strategist Corey Johnson said: “We absolutely are not a security. We don’t meet the standards for what a security is based on the history of court law.”

A Spanish banking group – Santander is looking to Ripple’s technology to bring financial services into the digital age.

XRPUSD Daily Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3 Classic 0.38187 0.44229 0.54214 0.60257 0.70242 0.76285 0.86269 Fibonacci 0.44229 0.50352 0.54134 0.60257 0.6638 0.70162 0.76285 Camarilla 0.59792 0.61262 0.62731 0.60257 0.65669 0.67138 0.68608 Woodie’s 0.40159 0.45215 0.56186 0.61243 0.72214 0.77271 0.88241

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