Search Inside Bitcoins

Ripple Price Prediction: XRP/USD Trapped Around $0.80

Ripple Price Prediction
Ripple Price Prediction

Ripple Price Prediction – December 15

The Ripple price prediction shows that XRP has been following sideways movement over the past few days as the coin now appears bullish.

XRP/USD Market

Key Levels:

Resistance levels: $0.96, $0.98, $1.00

Support levels: $0.68, $0.66, $0.64

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD has seen a small increase of around 1.64% after touching the daily low of $0.77 today as it currently trades at $0.82 trying to cross above the 9-day moving average. However, the coin is still facing a hard time finding it difficult to cross above the $1.00 level as the previous attempts so far have failed. Despite this, the bulls are still making an effect to push the coin towards the upper boundary of the channel.

Ripple Price Prediction: Where is XRP Price Going Next?

Since yesterday, the Ripple price is relatively strong to the extent that it trades above the vital $0.50 have been acutely steady. At the same time, the movement to a downward trend has been cut short as reveals by the technical indicator. In the early hours of today, the Ripple price touches the low of $0.77 but still maintaining the slight bullish movement. Therefore, bulls are trying to take the price up to $0.85 before bears could step back again.

However, a significant cross above the moving averages could sustain the bulls to a $0.90 high. Meanwhile, if XRP manages to surge above $0.95, it may see the resistance levels at $0.96, $0.98, and $1.00. Meanwhile, a further drop may take the price to the support levels $0.68, $0.66, and $0.64. The technical indicator Relative Strength Index (14) is likely to show some bullish signals by crossing above 40-level.

Against Bitcoin, before this time, the market price was moving bearishly and trading below the 9-day and 21-day moving averages. For now, XRP/BTC is trading at 1691 SAT and expecting a break above the moving averages. Now, mere looking at the daily chart, the bulls are likely to push the market price towards the positive side.

XRPBTC – Daily Chart

However, if the market drops and face the lower boundary of the channel, the next key support may likely come at 1550 SAT and below. On the bullish side, a possible rise could push the market to the resistance level of 1850 SAT and above. According to the technical indicator Relative Strength Index (14), the market is likely to move in an upward trend as the signal line aims to stay above 45-level, which could trigger more bullish signals in the market soon.

Read next

X

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

Buy Crypto

68% of retail investor CFD accounts lose money.

eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.

X