Ripple [XRP] Price Analysis Prediction

hello everyone.   before moving on to the video we ask you to 
support us and subscribe to our channel please. Ripple has been a sideshow throughout this week, 
although likely to end the week higher by 5%,   as the bulls snap a two-week winning streak. Ripple stands resilient to the ongoing 
lawsuit filed by the US Securities and   Exchange Commission, finding support from the   recent comments from Ripple’s Chief 
Executive Officer Brad Garlinghouse. “The lawsuit has hindered activity in the United 
States, but it has not really impacted what’s   going on for us in the Asia Pacific,” Garlinghouse 
said in a Reuters interview on Friday.  He added: “We have been able to 
continue to grow the business   in Asia and Japan because we’ve had 
regulatory clarity in those markets.” The token also cheers the recovery 
stated by Bitcoin late Friday,   as Ripple bulls now look to reverse Friday’s 
slump and yield a break to the upside.  Ripple’s daily chart shows that the 
price remains locked in a tight range   for the eleventh day in a row, 
although forming higher highs.

The range has been secured by the bearish 
21-daily moving average on the upside while   the upward-sloping 50-DMA cushions the downside. The 14-day Relative Strength Index trades 
listless but almost at the midline,   suggesting that the spot lacks 
a clear directional bias. Amidst such a technical picture, the prospects 
of an upside break appear more compelling,   given that the price has 
been forming higher highs. Further, the Ripple bulls have to 
cross only one critical barrier at   $0.4905 in order to unleash the additional 
recovery gains. That level is the 21-DMA. The next relevant resistance is 
seen at the psychological $0.50,   above which the falling trendline resistance 
at $0.5877 could test the bulls’ commitments. On the flip side, a bunch of healthy 
support levels is stacked up,   which could likely make it a tough task 
for the sellers to extend their control. Immediate support awaits at the 50-DMA of $0.4241,   below which the February 23 low 
at $0.3658 could be challenged. Further south, the strong 
support (200-DMA) at $0.3494   could be the last line of 
defense for the Ripple bulls. To conclude, the path of least resistance appears 
to the upside if the 21-DMA barrier is taken   out on a daily closing basis.
in the interest of brevity,   Ripple in search of a fresh direction 
while ranging between 21 and 50-DMAs.  The No.

7 coin forms higher highs on the 1D 
chart, suggesting a potential upside break.  RSI trades flat at the midline, bulls need 
to crack only this one barrier at $0.4905.  Subscribe to our channel and open 
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cryptocurrencies and other investment tools.   İn this video references an opinion 
and is for information purposes only.   It is not intended to be investment advice. 
Every investment and trading move involves risk,   you should do your own research 
while making a decision.

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