In this forecast, we will be looking at the new development in the XRP/USD and XRP/BTC markets. In general, the two markets considered seem to have reached the beginning of a downtrend. This comes after this market recorded some upside gain, which was more pronounced in XRP/USD than in XRP/BTC.
Statistical data on Ripple Coin forecast:
Ripple Coin current price: $0.3738
Market cap of Ripple Coin: $18 billion
Ripple Coin circulating supply: 99.9 billion
Total Ripple Coin supply: 48.34 billion
Ripple Coin Coinmarketcap Ranking: #6
Upper levels: $0.3738, $0.3800, $0.3900
Base levels: $0.3738, $0.3660, $0.3390
From the signs depicted by the trading indicators, there is not much profit in this market at the moment. But let’s give this market a more critical consideration, analyzing the signs displayed on the indicators.
Ripple Coin Price Forecast: XRP Price Trends Down
On this daily XRP/USD one can perceive that the value tends downwards. Although the wires of the moving average are still below the price candlesticks, there is no hope that the upward trend will continue. Indeed, the Stochastic Relative Strength Indicator curves depict a strong downward move that has begun. Moreover, this occurs while the MA lines are below the price movement.
With this, even the moving average curves that are below the price action will soon move above. Hence, this will further describe the state of the Ripple market. Eventually, lower support may be seen around $0.3400, and possibly even lower.
Ripple Coin Price Prediction: XRP Price Trading Indicator Lines Up To Represent Undecided Market
On the XRP/BTC daily chart, trading indicators appear to be in consensus for a downtrend. We can see that the MA lines that lie below the trading candlesticks are getting ready to cross. Eventually, when this happens, the price of this crypto will fluctuate or trend lower. And that’s because the faster MA lines are likely to cross above the candlesticks. Also, the slowest is likely to follow. Eventually, the downtrend will continue.
Moreover, the wires of the SRSI indicator are about to cross after reaching the overbought zone. Therefore, this further confirms that Ripple will experience a downward trend in value in this market. Eventually, XRP/BTC will find support below $0.00001500 and below.
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