The Ripple price prediction is down by 0.84% in the last few hours as the current market value goes below $0.80.
XRP/USD Market
Key Levels:
Resistance levels: $0.90, $0.95, $1.00
Support levels: $0.65, $0.60, $0.55
XRP/USD touches the daily high at $0.78 before giving a bearish signal at the time of writing, the coin is trading within the 9-day and 21-day moving averages as the Relative Strength Index (14) crosses below the 50-level. However, any bearish move below this level could give the market enough strength to dig a dip, but crossing above the upper boundary might lead the market to the upside.
Ripple Price Prediction: XRP/USD Ready for More Downside
The Ripple price is showing a sign of weakness across its markets as the coin is down by 0.81%, 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 9-day MA.
Meanwhile, a break above the 21-day moving average could push the price to the resistance levels of $0.90, $0.95, and $1.00, but a bearish movement toward the lower boundary of the channel might lead the market to a bearish scenario where the price could locate the supports at $0.65, $0.60, and $0.55.
When compared with Bitcoin, the Ripple price is currently hovering above the 9-day and 21-day moving averages. Therefore, if the bears put more effort into the coin, XRP/BTC may create another low by touching the nearest support at 1900 SAT. Now, the technical indicator Relative Strength Index (14) moves around 60-level; traders may begin to see a negative move within the channel if crosses below this level.
However, the Ripple (XRP) is currently changing at 1924 SAT, and if the coin drops below the current value, the market may experience close support at 1700 SAT before breaking to 1600 SAT and below. Nevertheless, if the Ripple price moves and crosses above the upper boundary of the channel; traders can then confirm a bull run for the market, and the nearest resistance level is located at 2200 SAT and above.
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