The Ripple price prediction shows that XRP has fallen by 0.29% in the past few hours, with the current market value dropping below $0.38.
Ripple prediction statistical data:
- Ripple Price Now – $0.37
- Ripple market cap – $18.2 billion
- Ripple Circulating Supply – 48.34 billion
- Total Ripple Supply – 99.98 Billion
- Ripple Coinmarketcap Ranking – #6
Resistance levels: $0.45, $0.50, $0.55
Support Levels: $0.30, $0.25, $0.20
XRP/USD touches the daily high at $0.38 before giving a bearish signal at the time of writing, the coin is trading above the 9-day and 21-day moving averages while the relative strength index (14) is seen below the 60 level. However, any bearish movement below this level could give the market enough strength to deepen the decline, but the break above the upper boundary of the channel could lead the market higher.
Ripple Price Prediction: XRP/USD Could Slide Lower
The Ripple Price is showing a sign of weakness in its markets as the coin is down 0.29%, reflecting lower prices in the market, and the fall could become heavy if the bearish action continues. Therefore, since the Ripple price is moving sideways, traders can expect the trend to continue lower if the price action breaks below the 9-day and 21-day moving averages.
Meanwhile, a break above the channel could strengthen the bulls and force the price to the $0 resistance levels. 45, $0.50 and $0.55, but a breakdown below the moving averages may lead the market to a bearish scenario where the price could reach the supports at $0.30, $0.25 and $0.20 .
Compared to Bitcoin, the Ripple price sits above the 9-day moving average. Therefore, if the bears pressurize the market, XRP/BTC could create another low by touching the nearest support at 1600 SAT. Now the Relative Strength Index (14) technical indicator is moving to cross the 60 level; traders can see positive movement within the channel if the upside pressure increases.
However, the Ripple (XRP) is changing at 1641 SAT. If the coin falls below the current value, the market may reach support at 1400 SAT and below. Nevertheless, if the Ripple price moves towards the upper boundary of the channel; traders can then confirm a bull run for the market, and the nearest resistance level can be located at 1900 SAT and above.
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