{"id":280462,"date":"2021-01-02T10:08:25","date_gmt":"2021-01-02T15:08:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=280462"},"modified":"2021-07-19T05:50:41","modified_gmt":"2021-07-19T09:50:41","slug":"xrp-price-prediction-xrp-usd-market-hasnt-recovered-since-it-lost-momentum-below-0-80-value","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-xrp-usd-market-hasnt-recovered-since-it-lost-momentum-below-0-80-value","title":{"rendered":"XRP Price Prediction: XRP\/USD Market Hasn\u2019t Recovered Since It Lost Momentum Below $0.80 Value"},"content":{"rendered":"\r\n
XRP Price Prediction \u2013 January 1<\/strong><\/em>
XRP\u2019s market-worth as traded against the valuation of the US Dollar has been under selling pressures since the crypto couldn\u2019t swing northward past a resistance level at $0.80
XRPUSD Market<\/strong>
Key Levels:<\/strong>
Resistance levels: $0.40, $0.50, $0.60
Support levels: $0.15, $0.10, $0.05
XRPUSD \u2013 Daily Chart<\/strong>
The market-valuation of XRP\/USD<\/a> has subjected to a series of significant decreases throughout trading sessions. On Dec. 4, a bearish candlestick formed as a confirmation sign against the 14-day SMA smaller trend-line below $0.70 point. Meanwhile, the 50-day SMA trend-line has been intercepted by the smaller SMA trend-line from the top. That firmly signifies the current bearish pressures in the market.<\/a>
Where is XRP Price Going Next?<\/strong>
There has been no visible indication that the XRP\/USD bulls will quickly reverse against the present bearish pressures it\u2019s been facing for quite a while. The downward pressures still appear not to have been completely exhausted. Nevertheless, traders need to be wary of their entries around the current trading level at $0.20 to avoid being trapped by the market.
At this point in the trading line, it is ideally technical that investors may consider coming into the crypto-trade. Likewise, traders may as well reposition their stands to be on the lookout for any possible bearish reversal sign around the $0.20 as the crypto-market may use the next $0.15 line to find support. <\/a>
XRP\/BTC Price Analysis<\/strong>
Comparing the XRPBTC trade with the XRP\/USD market, there\u2019s more slight selling pressure in the crypto-market of the former pair than the latter. The Smaller SMA trading indicator showcases that on the chart. As a result of that, the XRP\/BTC trade operations may have to witness trading a new lowest value ever as it averages B0.000005.<\/p>\r\n","protected":false},"excerpt":{"rendered":"