The Ripple price prediction shows that XRP is ready to renew the bullish trend after crossing above the 9-day moving average.
XRP/USD Market
Key Levels:
Resistance levels: $0.75, $0.80, $0.95
Support levels: $0.52, $0.47, $0.42
XRP/USD regains ground to touch the daily high at $0.65 during the European session today. The Ripple price is currently changing hands at $0.64 and with the recovery; the coin is now hovering above the 9-day moving average.
Ripple Price Prediction: Would Ripple Price Move to the Upside?
The Ripple price is moving towards the resistance level of $0.70 as the initial move above the 21-day moving average could boost the price further up. The Ripple (XRP) heads to the upside before retreating to where it is currently trading. Looking at the coin from above, more bullish movements may come into play if the Ripple price moves to cross above the 21-day MA, the nearest resistance level could be found at $0.70.
In the meantime, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) moves above the 40-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.65 level may most likely push the coin towards the potential resistance levels of $0.75, $0.80, and $0.85 while a drop below the lower boundary of the channel may lead to the supports of $0.52, $0.47, and $0.42 respectively.
Against Bitcoin, the Ripple price is seen moving slightly above the 9-day moving average. After the coin touches the daily high at 1649 SAT today, the coin later retreated to the low of 1627 SAT. Meanwhile, the price may follow the upward movement as the buyers are ready to put pressure on the market.
Moreover, should the sellers return to the market, the Ripple price may drop to the support of 1400 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross above the 40-level as the market is ready to face the upward movement in the next positive direction while the resistance level could be located at 1800 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
