🎬🎬Important XRP levels to watch🎬🎬
The current XRP trading situation represents a critical point as the cryptocurrency faces significant support and resistance levels. An immediate support level is set at $0.438, followed by a more optimistic resistance level at $0.550.
According to predictions from artificial intelligence (AI) machine algorithm models, XRP is expected to see a downward trend in the long term; This suggests a 12.55% decline by May 1 with a target price of $0.432.
XRP forecast, May 1, 2024. Source: PricePredictions
In the short term, machine learning algorithms are detecting a bearish trend, indicating the potential for a slight increase in the next few hours.
Algorithms using technical analysis (TA) indicators such as relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR) and others.
Similarly, a look at technical indicators shows a bearish trend with an overall 'sell' rating. The moving average (MA) along with the oscillators indicates a “strong buy”.
