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Ripple Price Prediction: XRP/USD Moves Sideways as Price Holds $1.08

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – October 23

The Ripple price stays below the 9-day and 21-day moving averages and may likely builds momentum to push to the $1.10 level.

XRP/USD Market

Key Levels:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.95, $0.90, $0.85

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD has been trading sideways since a few days ago, losing around 0.49% during the trading today. Looking at the daily chart, the Ripple has been dropping since a couple of days ago. At the moment, the bulls are making an attempt to come back into the market with a cross above the 9-day and 21-day moving averages, which may head towards the resistance level of $1.11.

Ripple Price Prediction: Can Ripple Price Move Above $1.20?

At the moment, the Ripple price is demonstrating a sign of weakness across its markets. Looking at the daily chart, XRP/USD market is down by 0.49%, reflecting a price drop in the market and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions still remain below 9-day and 21-day moving averages.

Meanwhile, a break above the moving averages could strengthen the bulls and could push the price to the resistance levels of $1.25, $1.30, and $1.35, or a breakdown might lead the market in a bearish scenario if the price continues to fade, the price may likely reach the supports at $0.95, $0.90, and $0.85.

Against BTC, the Ripple price is sliding below the 9-day and 21-day moving averages. Therefore, if the selling pressure continues, the XRP price variation may create another low. At the moment, the technical indicator Relative Strength Index (14) is crossing into the negative side; we may continue to see a negative move in the market as much as the coin may cross below the lower boundary of the channel.

XRPBTC – Daily Chart

However, the Ripple (XRP) is currently hovering at 1782 SAT and if the coin crosses below the channel, traders may expect close support at 1700 SAT before breaking to 1600 SAT and below. More so, should in case a bullish movement occurs and break above the 9-day and 21-day MAs; we can then confirm a bull-run for the market and the nearest resistance levels lie at 2000 SAT and above.

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