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The Ripple price prediction shows that XRP may consolidate as the coin faces the downside, and traders may experience more downtrends.
Ripple Prediction Statistics Data:
- Ripple price now – $0.36
- Ripple market cap – $18.3 billion
- Ripple circulating supply – 50.2 billion
- Ripple total supply – 99.98 billion
- Ripple Coinmarketcap ranking – #6
XRP/USD Market
Key Levels:
Resistance levels: $0.50, $0.52, $0.54
Support levels: $0.28, $0.26, $0.24
XRP/USD is now facing a market-wide struggle after sliding below the 9-day and 21-day moving averages. Ripple (XRP) is likely to stay within this negative side before deciding on a bullish movement. The current movement towards the lower boundary of the channel may create more damage to the coin for touching the low of $0.358.
Ripple Price Prediction: XRP Heads to the Downside
At the time of writing, the Ripple price is likely to be slightly below the daily low of $0.358, and any bearish cross below this support may open the doors for more downsides as the price could hit the nearest support at $0.30. However, traders should keep eye on the daily high at $0.383 before creating a new bullish trend toward the resistance levels of $0.50, $0.52, and $0.54.
However, should the price fails to rebound, it is likely for a bearish breakout to trigger more selling opportunities within the market, which might cause the price to retest the support level of $0.358 and could further drop to $0.28, $0.26, and $0.24 support levels. The Relative Strength Index (14) crosses below the 40-level suggesting that the crypto may fall more.
When compares with Bitcoin, the Ripple price is seen moving below the 9-day and 21-day moving averages. However, if the selling pressure continues, the Ripple price variation may cross below the lower boundary of the channel. At the moment, the Relative Strength Index (14) is moving to cross below the 40-level; traders may continue to see negative moves within the market.
However, the Ripple (XRP) is hovering at 2166 SAT as traders may expect critical support at 1500 SAT and below. Therefore, if a bullish movement occurs and breaks above the 9-day and 21-day moving averages; traders may confirm a bullish movement, and the potential resistance level could be found at 3100 SAT and above.
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