Ripple Price Prediction for Today, March 4: XRP/USD May Spike Above $0.40 Level

The Ripple price prediction shows that XRP is ready to renew the bullish trend after refusing to cross above the moving averages.

Ripple Prediction Statistics Data:

•     Ripple price now – $0.37
•     Ripple market cap – $19.1 billion
•     Ripple circulating supply – 50.95 billion
•     Ripple total supply – 99.9 billion
•     Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.42, $0.44, $0.46

Support levels: $0.33, $0.31, $0.29

XRP/USD regains ground after touching the daily low of $0.35 during the European session today. The Ripple price now rebounds to trade the current level of $0.37 but is yet to recover 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 moving average could boost the price further up. The Ripple (XRP) could head to the upside if the bulls increase the buying pressure. Looking at the coin from above, bullish movement may come into play if the Ripple price crosses above the moving averages, the nearest resistance level could be found at $0.38.

In the meantime, traders can see that the daily movement could move sideways as the technical indicator Relative Strength Index (14) moves above the 40-level in the same direction. Meanwhile, a break above the $0.40 level may most likely push the coin toward the potential resistance levels of $0.42, $0.44, and $0.46 while a drop below the lower boundary of the channel may lead to the supports of $0.33, $0.31, and $0.29 respectively.

Against Bitcoin, the Ripple price is seen moving slightly above the 9-day and 21-day moving averages. After the coin touches the daily high at 1686 SAT today, the coin could retreat toward the low of 1500 SAT. Meanwhile, the price may continue to follow the upward movement as the buyers are ready to put pressure on the market.

Moreover, should sellers return to the market, the Ripple price may drop to the support of 1400 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross above the 50-level as the market is ready to face the upward movement in the next positive direction while the resistance level could be located at 1900 SAT and above.

Ripple Alternatives

The Ripple price is showing a sign of weakness across its markets as the coin is down by 0.58%, 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 bearishly, traders can expect the trend to keep advancing lower if the price action crosses below the lower boundary of the channel. However, FightOut has proved to be one of the most promising cryptocurrencies after effectively targeting the gaps in the Move-to-Earn industry to provide a customer-driven approach. In the ongoing presale, almost $5.5 million has been raised.