At BeInCrypto, we publish regular price analyses and predictions for XRP. In our Apr 8 analysis of XRP/USD, we predicted that XRP—still known widely as Ripple—would experience slight decreases. Our prediction was validated when XRP reached the support areas we defined. To learn more, read our latest analysis below:
On Apr 2, XRP initiated a rapid move which took it to a high of nearly $0.38. A rapid decrease followed. Prices dropped to under $0.32 by Apr 3.
A second spike occurred on April 5. XRP breached the $0.38 mark with a high around $0.386.
Prices have gradually dropped to around $0.35 at the time this technical analysis was performed.
XRP Prices: Apr 2 – Apr 10
XRP (XRP): Highlights and Trends For April 10, 2019
- The price of XRP/USD has been on an uptrend since Apr 2.
- XRP is trading inside an ascending triangle.
- Bullish divergence is developing in the RSI and the MACD.
- There is resistance near $0.4.
Ascending Triangle
The price of XRP/USD on Binance is analyzed at one-hour intervals from Apr 2 to Apr 10 to help determine current trading patterns.
On Apr 3, the price reached a high of $0.375. Several market cycles have been completed and the price has reached the same level several times.
Tracing these highs gives us a horizontal resistance line:


Technical Indicators
To determine possible future price fluctuations, we incorporate the MACD and the RSI into the analysis.The moving average convergence divergence (MACD) is a trend indicator that shows the relationship between two moving averages (long and short-term) and the price.
The relative strength index (RSI) is an indicator which calculates the size of the changes in price in order to determine oversold or overbought conditions in the market.
Combining MACD and RSI bullish/bearish divergence with support/resistance essentially predicts price fluctuations.
Both are shown in the graph below alongside XRP’s current trading pattern:

Where Might XRP’s Price Land?
To determine the actual possible future price levels given an increase, we incorporate resistance areas into this analysis.Resistance areas are created when the price visits the same level several times. They can act as an area of reversal in case a breakdown or a breakout occurs.
The price of XRP/USD is analyzed at six-hour intervals from Dec 2018 to Apr 2019 to help determine reversal areas. A resistance area is also shown in red:

Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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