Ripple Price Prediction: XRP/USD Faces a Crucial Support Below $0.60 Level ByAzeez MustaphaPRO INVESTOR Updated: 02 February 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 Ripple Price Prediction – February 2 The Ripple price prediction keeps moving below the moving averages. The coin heads toward the lower boundary of the channel. XRP/USD Market Key Levels: Resistance levels: $0.72, $0.74, $0.76 Support levels: $0.52, $0.50, $0.48 XRPUSD – Daily Chart Buy Ripple Now XRP/USD may be stagnant, trending in a tight trade range as it moves below the key supports. The coin may likely revisit the $0.55 support before it could start a new increase, but after struggling to stay above the 9-day moving average, Ripple (XRP) begins a slow and steady decline towards the south. According to the technical indicator, the coin may hit the nearest support at $0.58 to move into a short-term bearish zone. Ripple Price Prediction: Ripple (XRP) May Remain within the Negative side At the time of writing, the Ripple price is currently exchanging hands at $0.59, and any attempt to make it cross below $0.57 may likely open the doors for more downsides, and the price could spike below the $0.54 support level. However, traders may need to keep their eyes on the $0.65 before creating a new bullish trend at the resistance levels of $0.72, $0.74, and $0.78. Moreover, traders may experience a quick buy once the trade reaches the support at $0.55, but, if the price fails to rebound, a bearish breakdown is likely to trigger more selling opportunities for the market, which might cause the price to test the critical supports at $0.52, $0.50, and $0.48. Meanwhile, the technical indicator Relative Strength Index (14) is likely to return into the oversold territory, Ripple (XRP) may continue to fall more or follow a sideways movement. Compared with BTC, the Ripple (XRP) moves at the downside within the channel. If the selling pressure persists, the Ripple price may bring a new low into the market. Presently, the technical indicator Relative Strength Index (14) is moving towards 40-level; more positive moves may come to play as the pair moves near the 9-day moving average. XRPBTC – Daily Chart However, traders may expect close support below the moving averages at the 1600 SAT before breaking to 1500 SAT and critically 1400 SAT. If a bullish movement surfaces, validating a break above the 21-day moving average may confirm a bullish movement for the market, and the nearest resistance level may be located at 1750 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