Ripple Price Prediction for Today, May 6: XRP Fails to Climb Back Above $0.60 ByAzeez MustaphaPRO INVESTOR Updated: 06 May 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The Ripple price prediction shows that XRP is likely to remain below the moving averages as the RSI (14) stays below 40-level. XRP/USD Market Key Levels: Resistance levels: $0.70, $0.75, $0.80 Support levels: $0.50, $0.45, $0.40 XRPUSD – Daily Chart Buy Ripple Now XRP/USD may continue to follow the downward movement by moving slowly below the key supports. At the moment, it is likely for the coin to touch the $0.55 support before it could start a new increase. However, during the European session today, the Ripple price struggles to stay above the 9-day moving average, after which the coin begins a slow and steady decline to move into a short-term bearish zone. Ripple Price Prediction: Ripple Price May Drop to the Downside The Ripple price is currently exchanging hands at $0.59, and any attempt to make it fall more may open the doors for more downsides, and the price could spike below the $0.58 support level. However, traders should focus on the $0.60 level before creating a new bullish trend at the resistance levels of $0.70, $0.75, and $0.80. Moreover, traders may experience a quick buy if the 9-day moving average crosses above the 21-day moving average. Therefore, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the price to cross below the lower boundary of the channel and could further drop to $0.50, $0.45, and $0.40 support levels, while the technical support Relative Strength Index (14) moves below 40-level. Against BTC, the Ripple (XRP) is seen moving sideways as the coin heads toward the 21-day moving average, if the buying pressure continues, the Ripple price may create additional bullish movement. At the moment, the technical indicator Relative Strength Index (14) is moving above the 40-level; more positive moves may surface if the pair crosses above the 21-day MA. XRPBTC – Daily Chart Nevertheless, the sellers could expect the nearest support below the 9-day moving average before breaking to 1400 SAT and below. Moreover, if a bullish movement continues, the buyers may likely push the coin towards the upper boundary of the channel, crossing above it may reach the nearest resistance level at 1900 SAT and above. Looking to buy or trade Ripple (XRP) now? Invest at eToro! Buy Ripple Now 68% of retail investor accounts lose money when trading CFDs with this provider Read more: How to buy Ripple How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage