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Ripple Price Prediction: XRP/USD Slowly Consolidates Below $1.20

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – November 6

The Ripple price is hovering at $1.14 as it lacks imminent support and trades in the red with dense selling pressure.

XRP/USD Market

Key Levels:

Resistance levels: $1.35, $1.45, $1.55

Support levels: $0.95, $0.85, $0.75

Ripple Price Prediction
XRPUSD – Daily Chart

At the time of writing, XRP/USD is currently down touching the low of $1.09 and the weakness of Ripple (XRP) is quite apparent now as the digital asset may have very little support on the way down to $1.00. However, traders should take note that most of the market is also seeing red numbers; therefore, XRP/USD may see additional downtrend as the technical indicators faces the south.

Ripple Price Prediction: Ripple Price May Break More Downs

Looking at the daily chart, if the Ripple price fails to stay above the 9-day and 21-day moving averages; there could be a bearish reaction. At the moment, the initial support is near $1.10. Therefore, if there is a downside break below this level, the Ripple price could test at $1.00. However, any further losses may continue the bearish wave and the price could decline below the $0.95, $0.85, and $0.75 support levels.

However, as the technical indicator reveals, the Relative Strength Index (14) drops below 60-level to keep the coin at the downside. However, if the bulls step back into the market, the coin could hit the nearest resistance level at $1.25 level and this bullish movement may also reach the potential resistance levels at $1.35, $1.45, and $1.55 respectively.

Against Bitcoin, the Ripple price is now moving below the upper boundary of the channel after touching the daily high of 1920 SAT. However, if the selling pressure resumes, the Ripple price may cross below the 9-day and 21-day moving averages. Therefore, the technical indicator Relative Strength Index (14) is seen below 55-level signaling a bearish movement.

XRPBTC – Daily Chart

Moreover, the Ripple price is currently hovering at 1875 SAT. Therefore, the coin may likely hit the critical support at 1800 SAT after which it could break to another support at 1600 SAT and below. Meanwhile, if a bullish movement occurs and pushes the Ripple price above the upper boundary of the channel; it could hit the potential resistance at 2100 SAT and above.

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