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The Ripple price prediction shows that XRP is down by 1.96% in the last few hours as the current market value goes below $0.37.
Ripple Prediction Statistics Data:
- Ripple price now – $0.35
- Ripple market cap – $17.3 billion
- Ripple circulating supply – 48.34 billion
- Ripple total supply – 99.89 billion
- Ripple Coinmarketcap ranking – #6
XRP/USD Market
Key Levels:
Resistance levels: $0.50, $0.55, $0.60
Support levels: $0.25, $0.15, $0.10
XRP/USD touches the daily high at $0.37 before giving a bearish signal at the time of writing, the coin is trading above the 9-day and 21-day moving averages as the Relative Strength Index (14) crosses below the 50-level. However, any bearish move below this level could give the market enough strength to dig dip, but moving towards the upper boundary of the channel might lead the market to the upside.
Ripple Price Prediction: XRP/USD Ready for More Upside
The Ripple price is showing a sign of weakness across its markets as the coin is down by 1.96%, reflecting a price drop in the market, and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action crosses below the 9-day and 21-day moving averages.
Meanwhile, a break towards the upper boundary of the channel could strengthen the bulls and could push the price to the resistance levels of $0.50, $0.55, and $0.60, but a breakdown below the moving averages may lead the market to a bearish scenario where the price could reach the supports at $0.25, $0.20, and $0.15.
When compared with Bitcoin, the Ripple price is falling towards the 9-day moving average. Therefore, if the bears pressurized the market, XRP/BTC may create another low by touching the nearest support at 1600 SAT. Now, the technical indicator Relative Strength Index (14) moves within the overbought region; traders may see a negative move within the channel if the bearish pressure increases.
However, the Ripple (XRP) is changing at 1701 SAT. If the coin drops below the current value, the market may hit the support at 1500 SAT and below. Nevertheless, if the Ripple price moves and crosses above the upper boundary of the channel; traders can then confirm a bull run for the market, and the nearest resistance level is located at 2000 SAT and above.
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