Ripple Price Prediction for Today, August 8: XRP May Spike Above $0.40 Level

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The Ripple price prediction shows that XRP is ready to renew the bullish trend after crossing above the 9-day moving average.

Ripple Prediction Statistics Data:

Ripple price now – $0.37
Ripple market cap – $18.3 billion
Ripple circulating supply – 48.34 billion
Ripple total supply – 99.98 billion
Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.45, $0.47, $0.49

Support levels: $0.30, $0.28, $0.26

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XRP/USD regains ground to touch the daily high at $0.38 during the European session today. The Ripple price is currently changing hands at $0.37 and with the recovery; the coin is now hovering above the 9-day and 21-day moving averages.

Ripple Price Prediction: Would Ripple Price Move to the Upside?

The Ripple price is moving towards the resistance level of $0.40 as the initial move above the upper boundary of the channel could boost the price further up. The Ripple (XRP) heads to the upside before retreating to where it is currently trading. Looking at the coin from above, more bullish movements may come into play if the Ripple price gains more upsides, the nearest resistance level could be found at $0.40.

In the meantime, traders can see that the daily movement remains in the hands of the bulls while the technical indicator Relative Strength Index (14) moves above the 60-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.42 level may most likely push the coin towards the potential resistance levels of $0.45, $0.47, and $0.49 while a drop below the lower boundary of the channel may lead to the supports of $0.30, $0.28, and $0.26 respectively.

Against Bitcoin, the Ripple price is seen moving sideways within the 9-day and 21-day moving averages. After the coin touches the daily high at 1608 SAT, it is now hovering at 1600 SAT. Meanwhile, the price may follow an upward movement if the buyers put pressure on the market.

However, if the sellers return to the market, the Ripple price may drop to the support of 1300 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross below the 50-level as the market may retreat a little bit but the resistance level could be located at 2000 SAT and above.

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