The Ripple price prediction is down 0.77% in the past few hours, with the current market value possibly dropping below $0.30.
Ripple prediction statistical data:
- Ripple Price Now – $0.33
- Ripple market cap – $16.2 billion
- Ripple Circulating Supply – 48.3 billion
- Total Ripple Supply – 99.9 Billion
- Ripple Coinmarketcap Ranking – #7
Resistance levels: $0.50, $0.55, $0.60
Support Levels: $0.20, $0.15, $0.10
XRP/USD begins today’s trade at $0.33 below the 9-day moving average and the coin is likely to slide below this level and head south. However, the Ripple price is trading below the average as the Relative Strength Index (14) remains below the 50 level. Nevertheless, any bearish movement below this barrier can give the market enough strength to bottom out. .
Ripple Price Prediction: XRP/USD May Head Lower
The Ripple Price is showing a sign of weakness in its markets as the coin loses 0.77%, reflecting a slight price drop in the market. Therefore, since the Ripple price is moving sideways, traders can expect the trend to continue lower if the price action moves towards the lower boundary of the channel.
However, any bullish movement above the upper boundary of the channel could reinforce the bulls and push the price to the resistance levels of $0.50, $0.55 and $0.60, but a breakout could drive the market lower. a bearish scenario where the price could probably reach the supports at $0.20, $0.15 and $0.10.
Against Bitcoin, the Ripple price is hovering below the 9-day and 21-day moving averages. Therefore, if the bears put more effort, XRP/BTC may create a new low by touching the nearest support at 1500 SAT. Now, the technical indicator Relative Strength Index (14) goes below the level 50; traders may continue to see negative movement within the channel if it breaks below the 40 level.
However, Ripple (XRP) is currently trading at 1574 SAT, therefore, if the coin breaks below the current value, the market may experience tight support at 1400 SAT before moving to 1300 SAT and below. Nevertheless, if the Ripple price moves and breaks above the 9-day and 21-day moving averages; traders can confirm a bullish run for the market above the upper boundary of the channel, and the nearest resistance level could be located at 1900 SAT and above.
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