Ripple Price Prediction: XRP/USD Stays Below $0.60?

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – June 26

After touching the high of $0.64, the Ripple price is trading in the negative territory, with a loss of 2.12%.

XRP/USD Market

Key Levels:

Resistance levels: $0.90, $1.00, $1.10

Support levels: $0.25, $0.15, $0.05

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD is making an attempt to rebound or see a slight push from the downward pressure but the coin failed to trade above $0.64. The Ripple price continues to move very tightly on a long-term downtrend support line. The bears canceled out today’s bullish action as the price settled around the $0.59 level. Meanwhile, the Relative Strength Index (14) indicator is heading towards 30-level as the bulls and bears cancel each other out.

Ripple Price Prediction: When will Ripple price Move Up?

According to the daily chart, the Ripple price continues to hover below the 9-day and 21-day moving averages at $0.0.59. Nevertheless, the pair remains supported at $0.50 and could fall beneath this to head lower. In addition, the Ripple price needs to break above the 9-day moving average to start its bullish drive higher. However, if it falls below the support level of $0.30, the market could turn neutral, and a drop beneath the lower boundary of the channel would turn it bearish.

However, a bearish continuation may likely bring the market to the critical supports at $0.25, $0.15, and $0.05 respectively. On the contrary, should the bulls start pushing the price upward, the Ripple price may likely cross above the 9-day and 21-day moving averages to hit the potential resistance levels at $0.90, $1.00, and $1.10.

When compares with BTC, the Ripple price is consolidating within the channel as the price remains below the 9-day and 21-day moving averages. Meanwhile, the buyers failed to keep the price above this barrier and the bullish movement may take it to the resistance levels of 2400 SAT and 2600 SAT respectively.

XRPBTC – Daily Chart

However, if the bulls failed to push the price above, then probably it could fall below the lower boundary of the channel. The nearest support levels lie at 1400 SAT and 1200 SAT while the Relative Strength Index (14) moves below 40-level, which may likely give more bearish signals.

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Azeez Mustapha is a technical analyst with many years trading experience in the stock exchange and crypto markets. He has broad experience in forex trading, coaching, and funds management.