The Ripple price prediction shows that XRP is down heavily by 6.79% in the last few hours as the current market value goes below $0.35.
Ripple Prediction Statistics Data:
- Ripple price now – $0.32
- Ripple market cap – $15.5 billion
- Ripple circulating supply – 48.34 billion
- Ripple total supply – 99.89 billion
- Ripple Coinmarketcap ranking – #7
XRP/USD Market
Key Levels:
Resistance levels: $0.50, $0.55, $0.60
Support levels: $0.20, $0.15, $0.10
XRP/USD touches the trend-line of the upper boundary of the channel before heading to the downside crossing below the 9-day and 21-day moving averages as the Relative Strength Index (14) nosedives below the 50-level. However, any bearish movement below this level could give the market enough strength to dig dip, but crossing above the upper boundary of the channel might lead the market to the upside.
Ripple Price Prediction: XRP/USD Moves to the Downside
The Ripple price is at the moment showing a sign of weakness across its markets as the coin is down by 6.79%, 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 heads to the south.
Meanwhile, a break above the upper boundary of the channel could strengthen the bulls and push the price to the resistance levels of $0.50, $0.55, and $0.60, but a breakdown below the moving averages may lead the market to a bearish scenario where the price could reach the supports at $0.20, $0.15, and $0.10.
When compared with Bitcoin, the Ripple price is falling below the 9-day and 21-day moving averages. Therefore, if the bears pressurized the market more, XRP/BTC could create a new low. Now, the technical indicator Relative Strength Index (14) crosses below the 50-level.
However, the Ripple (XRP) is changing at 1559 SAT. If the coin drops below the current value, the market may hit the support at 1300 SAT and below. Nevertheless, if the Ripple price moves and crosses above the upper boundary of the channel; the nearest resistance level could be located at 1900 SAT and above.
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