xrp price analysis
When the demand level of $0.39 holds XRP price, it will bounce and move towards the previous high. Further increase in the Bears pressure may place the price at $0.35 in case the $0.39 level does not hold.
Further increase in the XRP price is highly envisaged should the Bulls gain more pressure and break up the $0.50 level. In case the supply level of $0.50 hold XRP price may continue the sideways movement.
There is a tendency for XRP price to increase towards $0.49 supply level provided the Bulls gain enough momentum to break up the $0.46 supply level. In case the Bears continue to defend the $0.46 level consolidation may continue.
Should the Bulls defend the demand level of $0.42, they may resume and continue the bullish trend. In case the level does not hold and the Bears’ strength is able to break down the level, then, XRP price may reach $0.39 level.
XRP is already exposed to $0.42 level; further increase in the Bulls’ momentum may push XRP price to reach the target of $0.46. If the Bears manage to break down the demand level of $0.39, XRP price may descend to the previous low of $0.35.
Should $0.39 level hold, the Bulls will push up the coin and may break up $0.42 supply level. In case the Bears increase their momentum, XRP price will decrease further towards the previous low of $0.35.
The Bulls will have to gain more pressure in order to push XRP price to reach $0.46 supply level. Should the Bears exert more pressure and defend $0.42 level, the price may decline towards the demand level of $0.39.
After the short pullback, XRP price may continue the bearish trend, $0.39 demand level may be broken and the pair may target $0.35 demand level. In case the demand level of $0.39 hold, the price may reverse and rally to the north side.
XRP price may decrease further as long as the Bears maintain or increase their pressure, and reach a previous low of $0.35. In case the Bulls further defend $0.39 demand level, XRP price may bounce and rally towards $0.46 level.
Should the Bears maintain their pressure or increase their momentum, further decrease in XRP price is certain and this may reach $0.39 demand level in case $0.42 level does not hold. Should the $0.42 level hold; the price may resume uptrend movement.
