The Ripple price prediction is down by 0.77% in the last few hours as the current market value may go below $0.30.
Ripple Prediction Statistics Data:
- Ripple price now – $0.33
- Ripple market cap – $16.2 billion
- Ripple circulating supply – 48.3 billion
- Ripple total supply – 99.9 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 begins today’s trade at $0.33 below the 9-day moving average and the coin is likely to slide below this level and head to the south. However, the Ripple price is trading below the average as the Relative Strength Index (14) remains below the 50-level. Nevertheless, any bearish move below this barrier may give the market enough strength to dig a dip.
Ripple Price Prediction: XRP/USD May Head to the Downside
The Ripple price is showing a sign of weakness across its markets as the coin loses 0.77%, reflecting a slight price drop in the market. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action moves toward the lower boundary of 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 $0.50, $0.55, and $0.60, but a breakdown might lead the market to a bearish scenario where the price may likely reach the supports at $0.20, $0.15, and $0.10.
Against Bitcoin, the Ripple price is hovering below the 9-day and 21-day moving averages. Therefore, if the bears put more effort, XRP/BTC may create a new low by touching the nearest support at 1500 SAT. Now, the technical indicator Relative Strength Index (14) moves below the 50-level; traders may continue to see a negative move within the channel if crosses below the 40-level.
However, the Ripple (XRP) is currently changing at 1574 SAT, therefore, if the coin drops below the current value, the market may experience close support at 1400 SAT before breaking to 1300 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 above the upper boundary of the channel, and the nearest resistance level could be located at 1900 SAT and above.
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