XRP Price Analysis: A Sleeping Giant XRP Token Can Cross Beyond $5.0 In 2021

  • XRP token price at $1.47 plunges beneath the EMA Ribbon with a loss of 7.50% in 24 hours.
  • The volume of 24-hour in XRP maintained at $9,836,563,751 with a rise of 59%
  • The XRP/BTC currently values at 0.00002628, with a decline of 3.72%

The 4-hour technical chart of XRP token price action projects a bearish momentum. According to pivot points, XRP’s fundamental support level is $1.00. While on the other hand, if it moves up, the critical resistance level to watch is $1.95. Whereas the intraday chart, it finishes a bearish engulfing candle projecting a bearish trend with high reliability.

The Stochastic RSI (BEARISH) – Provides us with a value of K-8 (blue) intersects above D-4 (orange), Projecting a bearish scenario with a slight hope of trend reversal in the asset price action. Moreover, the investors may perceive a negative slant from 99 to 8 in the index.

The Moving Average Exponential Ribbon consists of 8-EMA, ranging from EMA 20-55, acts as solid support in the asset price action. Investors may observe the ribbon is getting compact, and the price drops below the ribbon, so until the price remains below the ribbon, XRP’s bearish trend is ensured.

The volume of (3.77M) is beneath the Volume MA (6.93M) of 20-days. Massive buying pressure is required in XRP to drive its price to higher levels. Investors may also observe a declining volume, which indicates that price action may surge in future trading sessions.

XRP Token An Undervalued Low Cap Gem

XRP token price traded at $1.47 with a decrease of 7.50% over recent 24-hour and an increase of 5.08% in the weekly period. Besides, XRP plunges below the EMA Ribbon, leading the price to drop more in future trading sessions. Conversely, the market capitalization increases at $66.66 billion. Technically, investors can see a negative trend, and the price is trying to breach above the EMA Ribbon. The Stochastic RSI index features a negative slant and values in an oversold region. Additionally, the price movement can be towards the target price of $1.95 in future trading sessions. 

Resistance: $1.95

Support: $1.00

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