XRP Price Analysis – April 22

  • The crypto’s bearish trend ended with a bullish candlestick breaking through its trendline.
  • Its price will likely rise as a result, potentially breaking through its EMAs.

Ripple, XRPUSDXRP Chart by TradingView

XRPUSD Medium-term Trend: Bearish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.31, $0.29, $0.27

Last week XRP was in a bullish trend. The bulls broke the 12-day EMA and the 26-day EMA to hit a high of $0.33921. On April 18, a bullish candlestick tested the $0.35 resistance level and but failed to break it.

The crypto’s price ended up falling to a low at $0.32. The crypto’s bearish trend ended with a bullish candlestick breaking through its trendline. Its price will likely rise as a result, potentially breaking through its EMAs.

If the price falls below $0.32, it may test $0.30 or $0.31. The Stochastic indicator is in the oversold region above 20, indicating XRP is supported by bullish momentum.

XRPUSD Short-term Trend: Bullish

Ripple, XRPUSDXRP Chart by TradingView

On the 4-hour chart, XRP is in a bearish trend. Last week the crypto’s price was in a bullish trend but whose gains have already been erased as it fell to $0.32. The crypto’s has resumed its bullish trend to break its 12-day EMA and the 26-day EMA.

If the bulls managed to break through XRP’s EMAs, its price may reach a $0.35, where it will face resistance. The Stochastic Oscillators are currently in the oversold region but above 20, indicating XRP’s bullish momentum.

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