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The Ripple price prediction shows that XRP could renew the bullish trend after testing the support level of $0.34 today.
Ripple Prediction Statistics Data:
- Ripple price now – $0.371
- Ripple market cap – $18.7 billion
- Ripple circulating supply – 50.62 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
XRP/USD regains ground after opening today’s trade at $0.35 during the European session. The Ripple price is currently changing hands at $0.37 with a tremendous gain of 5.90% since the beginning of the day. With the recovery, the coin is likely to cross above the upper boundary of the channel.
Ripple Price Prediction: Ripple (XRP) Could Gain More Uptrends
According to the daily chart, the Ripple price is moving towards the resistance level of $0.40 as the initial move above the channel could boost the price further up. Looking at it from above, the Ripple price is at the moment hovering above the 9-day and 21-day moving averages. Therefore, any further bullish movements may come into play if the Ripple price gain additional upside, and the nearest resistance level could be found at $0.40.
However, the traders can see that the daily movement remains in the hands of the bulls, while the technical indicator Relative Strength Index (14) is moving to cross above the 60-level, building on the consistent recovery from the downside. On that note, a break above the channel could push the coin towards the potential resistance levels of $0.45, $0.47, and $0.49, while a slide towards the lower boundary of the channel could lead to the supports of $0.30, $0.28, and $0.26 respectively.
Against Bitcoin, Ripple is seen moving bullishly, crossing above the 9-day and 21-day moving averages. After the coin touches the daily high at 2156 SAT today, the coin later retreated to where it is currently trading at 2112 SAT. Meanwhile, the price could spike to the upside if the buyers increase the pressure in the market.
Moreover, should the sellers return to the market, the Ripple price may face the lower boundary of the channel to hit the support at 1800 SAT and below. At the moment, the technical indicator Relative Strength Index (14) remains above the 50-level as the market faces the north, the potential resistance level could be located at $2400 and above.
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