Ripple Price Prediction – March 12
The Ripple price prediction faces the south as further downside may likely cross below the moving averages.
XRP/USD Market
Key Levels:
Resistance levels: $0.95, $1.00, $1.05
Support levels: $0.60, $0.55, $0.50
XRP/USD is sliding towards the 9-day and 21-day moving averages as the coin prepares to revisit the support level of $0.75 before it could start a new increase. After struggling to reach the $0.84 high, the Ripple price begins a steady decline towards the south. However, as the coin faces the bearish movement, it may target the support at $0.75 as the price could move into a short-term bearish zone.
Ripple Price Prediction: Ripple Price May Move to the South
At the time of writing, the Ripple price is currently exchanging hands at $0.78, and any attempt to cross below the moving averages may likely bring it towards the lower boundary of the channel. Meanwhile, traders may experience a quick buy if the coin reaches the support at $0.70, but traders should keep their eyes on the resistance levels of $0.95, $1.00, and $1.05.
Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more downfalls for traders, which might cause the price to touch the nearest support and could further drop to $0.60, $0.55, and $0.50 support levels. The technical indicator Relative Strength Index (14) is likely to cross below 50-level as the coin may fall more.
Against Bitcoin, the Ripple price is seen moving in sideways as the coin remains above the 9-day and 21-day moving averages. However, if a rebound comes to play, the coin may face an upward trend, and the bullish continuation may take it to the resistance level of 2300 SAT and above.
Looking at the daily chart, if the bulls failed to hold the bearish movement, it may likely fall towards the moving averages, and the nearest support level lies at 1800 SAT and below. However, the technical indicator Relative Strength Index (14) is crossing below 60-level, which indicates a bearish movement.
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