Ripple (XRP) Likely To Climb Past 21 Week EMA In The Weeks Ahead

Ripple (XRP) has a lot of room for growth especially after the recent crash. The price is back below $0.40 now and investors who get in at this point could enjoy a long ride in the weeks ahead. XRP/USD is trading very close to the 21 Week EMA now and it is likely to break past it in the weeks ahead. However, it will face some resistance at the 10 Week EMA which is a key resistance zone. RSI on the weekly time frame is well above the oversold territory unlike other cryptocurrencies. This is because Ripple (XRP) has been making its own moves for quite some time. The price is still likely to appreciate significantly in the weeks ahead but it may not have as much room to go up as most other cryptocurrencies.

We have seen in the past that cryptocurrencies that move out of sync with Bitcoin (BTC) and the rest of the market undergo a correction sooner or later. This sort of correction often serves as a balancing act which brings it back in sync with the rest of the market. The fundamental outlook of XRP/USD over the past few months has been the primary driving force behind such independent moves. Ripple (XRP) has a lot of room for growth during its next bull run. In fact, it is very likely that XRP/USD may rise well above $5 during the next cycle. This appears to be more reasonable than ever as a lot of financial institutions are ready to announce publically that they are going to using XRP instead of their nostro accounts as soon as the dust settles.

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