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Ripple Price Prediction: XRP/USD Consolidates Below $0.85

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – March 26

The Ripple price prediction is up by 0.59% in the last 24 hours as the value has gone below the upper boundary of the channel.

XRP/USD Market

Key Levels:

Resistance levels: $1.00, $1.05, $1.10

Support levels: $0.65, $0.60, $0.55

Ripple Price Prediction
XRPUSD – Daily Chart

During the European session today, XRP/USD is moving to cross above the upper boundary of the channel. The Ripple price is also floating above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves below 60-level. Meanwhile, a break below the moving averages could allow the market to dig dip, but staying above the 9-day MA might lead the market to a bullish scenario.

Ripple Price Prediction: Ripple (XRP) Ready for More Consolidations

According to the daily chart, the Ripple price demonstrates a sign of weakness across its markets and it is currently reflecting a price drop in the market, and the fall might become heavy if the bearish action continues.

Therefore, since XRP/USD is moving sideways on the short-term outlook, traders can expect the trend to keep advancing higher if the price actions remain inside the channel. A break above the channel could strengthen bulls and push the price to the resistance levels of $1.00, $1.05, and $1.10, or a slight drop might lead the market in a bearish scenario if the price continues to fade and the closest supports to keep eye on are $0.65, $0.60, and critically $0.55.

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Against Bitcoin, the Ripple price is seen below the 9-day and 21-day moving averages as the price action remained intact within the channel. If the selling pressure continues, the Ripple price variation may create a new low. At the moment, the signal line of the Relative Strength Index (14) is moving below 55-level; the market may experience an additional negative move if the signal line slide to the south.

XRPBTC – Daily Chart

However, XRP/BTC hovers at 1867 SAT which is below the moving averages. Any further drop below this barrier may hit the close support at 1600 SAT before breaking to 2100 SAT and below. Meanwhile, should in case a bullish movement occurs and validates a break above the upper boundary of the channel; the nearest resistance levels may be found at 2100 SAT and above.

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