Search Inside Bitcoins

Ripple Price Prediction: XRP/USD Ready to Break Above $1.25

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – September 1

The Ripple price prediction is slightly bullish as the market continues to respect the $1.15 support and could push the coin upward.

XRP/USD Market

Key Levels:

Resistance levels: $1.40, $1.45, $1.50

Support levels: $1.00, $0.95, $0.90

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD has been trading sideways since a few weeks ago, gaining around 1.2% during the negotiation today. Looking at the daily chart, the Ripple (XRP) has been rising after touching the daily low at $1.15. At the time of writing, 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 $1.25.

Ripple Price Prediction: Ripple Price May Struggle Above $1.25?

The Ripple price remains the sixth-largest cryptocurrency with a market cap of $56.04 billion. The Ripple price has seen a tremendous increase in the market yesterday and it is currently trading around $1.20. In the meantime, XRP/USD may continue to follow a sideways movement before deciding on the next direction of the market.

Moreover, should in case the price breaks above the upper boundary of the channel, the resistance levels of $1.40, $1.45, and $1.50 could be visited. Meanwhile, for a break below the moving averages, the Ripple price may hit the supports at $1.00 and $0.95 and if the price falls below the previous levels, another support could be located at $0.90 while the Relative Strength Index (14) stays above 50-level.

When compares with Bitcoin, the Ripple price is currently changing hands at 2498 SAT and it’s hovering above the 9-day and 21-day moving averages. Therefore, if the 21-day MA serves as the market support, the Ripple price may likely face the key resistance at 2700 SAT. By reaching this level, XRP/BTC could hit the resistance level of 2800 SAT and above.

XRPBTC – Daily Chart

However, if the bulls fail to keep the price above the 9-day and 21-day MAs, the market may continue its downtrend and the pair could probably record further declines towards the lower boundary of the channel. However, a further bearish move could bring the coin to the support level of 2200 SAT and below while the signal line of the Relative Strength Index (14) moves below 60-level.

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

75% of retail investor accounts lose money when trading CFDs with this provider

Read next

Don't see the answer that you're looking for?

Ask us Now!

InsideBitcoins uses cookies to improve and customize your user experience. Learn more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close