InsideBitcoins.com

Ripple Price Prediction: XRP/USD Fluctuates; Price Must Avoid Sliding to $0.25 Support

XRP Price Prediction – November 14

Ripple (XRP) faces the south but further increase in the bears’ pressure may decrease the Ripple price and it may reach $0.25 in case the $0.26 resistance fails.

XRP/USD Market

Key Levels:

Resistance levels: $0.28, $0.29, $0.30

Support levels: $0.25, $0.24, $0.23

XRPBTC – Daily Chart

XRP/USD is seen correcting downwards after touching the resistance at $0.277. However, given the large narrowing in price action, a breakout could very well be explosive for the coin as the price moves above the 9-day and 21-day moving averages. The Ripple’s price is changing hands at $0.263 within the channel.

What to expect from Ripple (XRP)

The Ripple bulls are expected to perform these important things to keep the uptrends; the first is to hold onto the support at $0.26 as this will help shift the attention back to $0.27 resistance. Secondly, buyers must focus their effort on breaking above the bullish flag pattern in anticipation of a rally massive enough to boost action above $0.27. Thirdly, the on-going retreat from the upper boundary of the channel must be controlled to ensure that losses under $0.26 do not nullify the progress made in the last few weeks.

Meanwhile, the RSI (14) is currently facing the south to cross below the 40-level. However, if the bears continue with the current movement and push the price below the 9-day moving average; XRP/USD could find its low at the support levels of $0.25, $0.26, and $0.27 respectively. Nevertheless, if the price breaks above the channel, it may likely hit the resistance levels of $0.28, $0.29, and $0.30.

When compares with Bitcoin, XRP is trading on the downside, although the price is maintaining the bullish movement within the 9-day and 21-day moving averages. If the buying pressure persists, the XRP price variation may likely create a new high in the next few days as the RSI (14) leaves the oversold region; traders may see a positive move in the market soon.

XRPBTC – Daily Chart

However, the coin remains at the downside of the descending channel. We can expect close support at the 1500 SAT before breaking to 1400 SAT and below. If a bullish move continues and breaks above the moving averages, traders can confirm a bull-run for the market, and the potential resistance level is located above the channel at 1900 SAT and above.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees
    4.5/5

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.
      Avatar

      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.

      Leave a Reply

      Your email address will not be published. Required fields are marked *