Xrp Forecast Next Target Is 44 As Bulls Show Promise

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Xrp Forecast Next Target Is 44 As Bulls Show Promise

XRP Forecast: Next Target is $0.44 As Bulls Show Promise

The current trend in the XRP reveals signs that bulls are ready to retaliate against the bears. That's why some analysts are now forecasting a potential test of the $0.44 level based on the underlying bullish momentum.

Over the last 3 days, XRP has gained 6.5%, which has reignited hopes of yet another bullish run in the cryptocurrency. So far, the XRP/USD has completely recovered its 6% downside movement of last week and is now ready close above the 8 EMA (daily) and the 21 SMA (daily).

All of these signs serve as a bullish signal that hints at the chances of XRP/USD falling back to its support levels being highly unlikely in the short-term.

XRP Uptrend To Continue

For now, XRP is trading near the $0.40 price level. But according to the RSI reading, XRP has already bottomed out near the 40 levels and will now continue its uptrend that originally started in January.

The RSI indicator has been used since several decades in the stock and the FX market. Upon applying that indicator on the XRP chart, it appears that XRP has reached its RSI level of 40, which is a sign that it is at its lowest level.

Based on this available information, the next target of XRP is now set near $0.44. According to experts, this is an important liquidity level that's still untagged.

If we look at the current situation of the crypto markets, the major players, such as BTC and ETH, are making significant upside moves in the short-term. This automatically means strength for the other coins, such as Ripple (XRP), which takes cues from the BTC & other big players.

So even if we leave the XRP technicals aside, the current situation in the crypto market also supports a short-term upside in the Ripple (XRP).

However, high interest rates in the UK, EU, and the USA do pose a serious threat to any sizable recovery in BTC, ETH, and the XRP.

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