Ripple Price Prediction – April 11
The Ripple price prediction is down by 6.40% in the last few hours as the current market value goes below $0.75.
XRP/USD Market
Key Levels:
Resistance levels: $0.85, $0.90, $0.95
Support levels: $0.60, $0.55, $0.50
XRP/USD begins today’s trade at $0.75 before sliding towards the lower boundary of the channel and the coin is still heading to the south. At the time of writing, the Ripple price is trading below the 9-day and 21-day moving averages as the Relative Strength Index (14) moves to cross into the oversold region. Nonetheless, any bearish move below this barrier may give the market enough strength to dig dip, but crossing above the moving averages might lead the market to the upside.
Ripple Price Prediction: XRP/USD Moves to the Downside
The Ripple price is showing a sign of weakness across its markets as the coin is down by 6.43%, reflecting a price drop in the market, and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action crosses below the channel.
However, any bullish movement above the upper boundary of the channel could strengthen the bulls and push the price to the resistance levels of $0.85, $0.90, and $0.95, but a breakdown might lead the market to a bearish scenario where the price may likely reach the supports at $0.60, $0.55, and $0.50.
When compared with Bitcoin, the Ripple price keeps hovering below the 9-day and 21-day moving averages. Therefore, if the bears put more effort, XRP/BTC may create another low by touching the nearest support at 1700 SAT. Now, the technical indicator Relative Strength Index (14) moves to cross below the 40-level; traders may continue to see a negative move within the channel if crosses below the lower boundary of the channel.
However, the Ripple (XRP) is currently changing at 1751 SAT, therefore, if the coin drops below the current value, the market may experience close support at 1600 SAT before breaking to 1500 SAT and below. Nevertheless, if the Ripple price moves and crosses above the 9-day and 21-day moving averages; traders can confirm a bull run for the market, and the nearest resistance level could be located at 2000 SAT and above.
Looking to buy or trade Ripple (XRP) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
