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XRP Needs to Hit $0.40 Level as TAMA Keeps Inclining

XRP Needs to Hit $0.40 Level As Tamadoge Keeps Inclining
XRP Needs to Hit $0.40 Level As Tamadoge Keeps Inclining

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The Ripple price prediction continues to battle with the $0.39 level as the coin retreats toward the 9-day and 21-day moving averages.

Ripple Prediction Statistics Data:

  • Ripple price now – $0.37
  • Ripple market cap – $19.3 billion
  • Ripple circulating supply – 49.8 billion
  • Ripple total supply – 99.98 billion
  • Ripple Coinmarketcap ranking – #7

XRP/USD Market

Key Levels:

Resistance levels: $0.45, $0.47, $0.49

Support levels: $0.33, $0.31, $0.29

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At the time of writing, XRP/USD is seen trading at $0.37 after touching the daily high at $0.39 below the upper boundary of the channel. The Ripple price remains above the 9-day and 21-day moving averages as it continues to struggle toward the upside. More so, the attempt to begin the upward movement shows that the bulls are battling to be in control of the market momentum.

Ripple (XRP) May Go Up Just as Tamadoge (TAMA) Trades Bullishly

Looking at the daily chart, the Ripple price is likely to cross above the upper boundary of the channel as the nearest resistance level lies at $0.40. However, if the bulls can break above this level, higher resistance could be found at $0.45, $0.47, and $0.49. Meanwhile, if the price decides to face the lower boundary of the channel, the nearest support may come at around the $0.35 level. Beneath this, further supports could be located at $0.33, $0.31, and $0.29.

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However, the technical indicator Relative Strength Index (14) remains below the 60-level as traders wait for a bullish spike to push the market higher. Meanwhile, the coin may move bullishly if the bulls put in more effort in the market.

Against Bitcoin, XRP has been ranging above the 9-day and 21-day moving averages trading at 2079 SAT. The nearest resistance lies above the upper boundary of the channel, if the buyers push the Ripple (XRP) above 2100 SAT, the higher resistance level will be located at 2300 SAT and above.

XRPBTC – Daily Chart

Nevertheless, if the market experienced a downtrend movement, it can lead to a support level of 1700 SAT and below. Meanwhile, the market may move into the positive side as the technical indicator Relative Strength Index (14) stays within the overbought region.

Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.

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