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Ripple Price Prediction: XRP/USD Trades Above $1.10 Level

Ripple Price Prediction
Ripple Price Prediction

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Ripple Price Prediction – September 11

The Ripple price prediction shows that XRP is currently pushing higher with 3.60% gains as the coin manages to face the north.

XRP/USD Market

Key Levels:

Resistance levels: $0.28, $0.29, $0.30

Support levels: $0.22, $0.21, $0.20

Ripple Price Prediction
XRPUSD – Daily Chart

Looking at the daily chart above, we can see that XRP/USD manages to reach a high of around $1.11 as the market opens today. A few weeks ago, Ripple was seen trading below the 9-day and 21-day moving averages as the drops coin tremendously. Meanwhile, the push higher today allows XRP/USD to climb back above $1.00. This bounce towards the moving averages shows that the buyers are yet to be in control of the market.

Ripple Price Prediction: Where is Ripple Price Going Next?

If the Ripple price needs to see a shift in momentum, the bulls need to push the price above the 9-day and 21-day moving averages, which may continue to trade upwards. The nearest resistance level could be established at $1.20 but, the bulls aren’t facing a lot more resistance towards that point. Therefore, a bullish breakout above the 9-day moving average could take XRP to the potential resistance levels of $1.28, $1.38, and $1.48 as the Relative Strength Index (14) moves to cross above the 60-level.

At the time of writing, XRP/USD is trading at $1.09 after holding above $1.00. On the contrary, a bearish movement below the lower boundary of the channel may cause the Ripple price to spiral downward and hit the support of $1.00. On the downside, the local support may be created on approach to $0.95 but if it is broken, the sell-off may be extended to critical supports at $0.90, $0.80, and $0.70 respectively.

Against Bitcoin, Ripple (XRP) is still demonstrating some positive signs across the market. The trend is perpetually looking bullish in the long-term and moving within the channel. It is currently changing hands at 2396 SAT above the 9-day and 21-day moving averages.

XRPBTC – Daily Chart

However, the resistance level is located around 2700 SAT and above but any bearish movement may bring the coin to the closest support level at 2100 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving around 50-level, suggesting a sideways movement for the market.

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