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Ripple Price Prediction: The Price Is Back Below $0.19 as XRP/USD Locks in the Range

XRP Price Prediction – April 15

Ripple has been unable to develop the upside momentum above $0.33 and the bears stopped on approach to a strong support level at $0.30.

XRP/USD Market

Key Levels:

Resistance levels: $0.21, $0.22, $0.23

Support levels: $0.16, $0.15, $0.14

XRPUSD – Daily Chart

Earlier today, XRP/USD touched the area above $0.19, but failed to hold the ground and retreated quickly towards $0.18 by the time of writing. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of today. Moreover, the Ripple (XRP) price returned to the tight range that limited its movements during the previous week.

However, should the bulls manage to keep powering the market, it may likely find the resistance at $0.21, $0.22 and $0.23 levels but the bulls will need to re-enter into the market after the falls of a couple of days ago. If the market experiences any slight drop during this movement, it may likely hit the nearest support at $0.17 and a further drop could pull the market to $0.16, $0.15 and $0.14 supports.

Nonetheless, he stochastic RSI for XRP/USD is slowly moving below the 40-level, which indicates that bearish momentum is coming to play out.

Against Bitcoin, since a couple of days ago, the situation has been becoming bleak. The market is still trading in a symmetrical triangle which is invalidated when resistance was met at 2808 SAT on April 12. XRP was unable to break above this resistance level causing a drop down to 2693 SAT during yesterday’s trading. However, from the upside, the nearest levels of resistance lie at 2800 SAT.

XRPBTC – Daily Chart

Moreover, if the bulls can break above 2850 SAT, further resistance is found at 2950 SAT and above but if the sellers push the price beneath the lower boundary of the channel, the next level of support is located at 2650 SAT and more support is found at 2550 SAT and below. The trading volume is also decreasing while the RSI (14) is making an attempt to move higher as the bulls may gain control of the market.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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      Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management.