Search Inside Bitcoins

Ripple Price Prediction: XRP/USD Fails to Climb Back Above $1

Ripple Price Prediction
Ripple Price Prediction

Join Our Telegram channel to stay up to date on breaking news coverage

Ripple Price Prediction – December 3

The Ripple price prediction shows that XRP is likely to remain below the moving averages as the RSI (14) moves below 40-level.

XRP/USD Market

Key Levels:

Resistance levels: $1.20, $1.30, $1.40

Support levels: $0.75, $0.65, $0.55

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD may continue to follow the downward movement by moving slowly below the key supports. At the time of writing, it is likely for the coin to revisit the $0.90 support before it could start a new increase. However, during the European session today, the Ripple price struggles to stay above the 9-day moving average as the coin begins a slow and steady decline to move into a short term bearish zone.

Ripple Price Prediction: Ripple Price May Drop to the Downside

The Ripple price is currently exchanging hands at $0.94 and any attempt to make it fall more may open the doors for more downsides and the price could spike below the $0.85 support level.  However, traders should focus on the support level of $0.75 before creating a new bullish trend at the resistance levels of $1.20, $1.30, and $1.40.

Moreover, traders may likely experience a quick buy once the 9-day moving average crosses above 21-day moving average. And if the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the price to test the nearest support at $0.85 and could further drop to $0.75, $0.65, and $0.55 support levels while the technical support Relative Strength Index (14) moves below 35-level.

When compares with BTC, the Ripple (XRP) is seen following a sideways movement. However, if the selling pressure continues, the Ripple price movement may likely bring a new low into the market. At the moment, the technical indicator Relative Strength Index (14) is moving above 40-level; more negative moves may resurface if the pair crosses below this level.

XRPBTC – Daily Chart

Nevertheless, the sellers could expect the nearest support below the moving averages before breaking to 600 SAT and below. Moreover, if a bullish movement occurs, the buyers may likely push the coin to cross above the upper boundary of the channel, then traders may confirm a bullish movement and the nearest resistance levels lie at 1600 SAT and above.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Join Our Telegram channel to stay up to date on breaking news coverage

Read next