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The Ripple price prediction shows that XRP may continue to show a bullish movement if the market rises above the $0.60 level.
Ripple Prediction Statistics Data:
- Ripple price now – $0.53
- Ripple market cap – $28.1 billion
- Ripple circulating supply – 53.3 billion
- Ripple total supply – 99.9 billion
- Ripple Coinmarketcap ranking – #5
XRP/USD Market
Key Levels:
Resistance levels: $0.65, $0.70, $0.75
Support levels: $0.40, $0.35, $0.30
XRP/USD has been showing positive movement for the past few hours as the market crosses above the 9-day and 21-day moving averages. Apart from this, the Ripple price is likely to cross above the upper boundary of the channel and traders can expect the price to continue to rise as soon as this is done.
Ripple Price Prediction: Ripple Price Faces the North
At the time of writing, the daily chart shows that the Ripple price is attempting to create a new positive trend, and traders may expect a bullish continuation toward the upside, which could test the nearest resistance level of $0.55. Similarly, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, and crossing above this level may locate the potential resistance levels at $0.65, $0.70, and $0.75 in the long term.
Meanwhile, if the Ripple price spikes to the upside, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out for this market if the Ripple price withdraws back below the moving averages, and this could roll the coin back to the long-term supports at $0.40, $0.35, and $0.30.
XRP/BTC Begins Bullish Move
Against Bitcoin, the Ripple price follows the bullish movement as the coin remains above the 9-day and 21-day moving averages. Moreover, if the market price touches the resistance level of 2000 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) moves to cross above the 60-level, which indicates that more bullish signals are going to play out.
However, if XRP/BTC falls and heads toward the lower boundary of the channel, it may bring the coin to the nearest support at 1800 SAT, and any further bearish movement could lower the price to the support level of 1650 SAT and below. Nevertheless, if the coin continues to follow a bullish movement and crosses above the channel, traders could see a bull run to the resistance level of 2300 SAT and above.
Ripple Alternatives
The Ripple price is trading above the 9-day and 21-day moving averages after touching the daily high at the $0.54 resistance level. At the time of writing, the Ripple price is changing hands at $0.53, having gained over 3.92% since the beginning of the European session. However, with latest the recovery, the coin is likely to cross above the upper boundary of the channel to increase the bullish movement.
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