$1.000 to Define XRP’s Path Over the Weekend

Ripple Price Prediction: XRP surges, so is now a good

Ripple price remains above the critical $ 1.0000 support zone even after falling over 16% on Friday. The industry has seen increased volatility since the massive crypto sell-off on Tuesday.

According to the Crypto Fear and Greed Index, the emotion that drives the market has shifted from greed to fear in the recent past. At the beginning of the week the extreme greed index fell from 79 to a fear level of 47. On Friday it showed a value of 46. At the beginning of the weekend the focus will be on the stability of the support level at $ 1.0000. Breaking below this zone could pave the way to previous resistance reversal support level of $ 0.9000.

Ripple price prediction

XRP remains stable above the psychological level of 1,000 despite its slump on Friday. The altcoin fell from an intraday high of 1.2423 to a low of 1.0295. The drop corresponds to a decrease of around 16.96%.

At the time of writing, Ripple price is down 3.42% to 1.0510. On a two-hour chart, it trades below the 25- and 50-day exponential moving averages.

In the short term, I expect the crypto to hover within a fairly narrow range between the support level at 1.0283 and along the 25-day EMA at 1.1083. Movement above the upper bound of the horizontal channel will place the resistance level along the 50-day EMA at 1.1447. Moving below the critical 1.0000 support zone will invalidate this thesis, however.

Ripple price
Ripple price

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