Ripple Price Prediction – March 14
The Ripple price prediction continues to battle with the $0.80 level after being supported by the 9-day and 21-day moving averages.
XRP/USD Market
Key Levels:
Resistance levels: $0.95, $1.00, $1.05
Support levels: $0.60, $0.55, $0.50
At the time of writing, XRP/USD is seen trading at $0.76 above the 9-day and 21-day moving averages. Since the past few weeks, the Ripple price has been moving sideways as it continues to struggle to cross above the upper boundary of the channel. However, the attempt to push the coin to the upside shows that the bulls are battling to step back into the market.
Ripple Price Prediction: Would Ripple (XRP) Head to the Upside?
According to the daily chart, the Ripple price may cross above the channel to hit the nearest resistance level of $0.80 if the bulls put more pressure. Any additional movement above this barrier could reach the important resistance level at $0.90. If the Ripple price can break above this level, higher resistance could be located at $0.95, $1.00, and $1.05.
Meanwhile, if the price decides to cross below the moving averages, the nearest support to reach is found at the $0.0.75 level. Beneath this, further supports could be located at $0.60, $0.55, and $0.50. However, the technical indicator Relative Strength Index (14) is currently moving above 50-level as traders wait for a bullish crossover to push the market higher. On the contrary, the coin may visit the negative side, if the 9-day MA crosses below the 21-day MA.
Against Bitcoin, the Ripple price moves to cross below the 9-day and 21-day moving averages as the nearest support level lies below the moving averages. However, if the buyers push the Ripple (XRP) above the upper boundary of the channel, the potential resistance level could be located at 2300 SAT and above.
In other words, the market price may cross below the moving averages to give additional bearish signals; therefore, if the coin nosedives toward the lower boundary of the channel, this can lead to the support level of 1700 SAT and below. Meanwhile, the market may head to the downside as the technical indicator Relative Strength Index (14) moves to cross below 50-level.
Looking to buy or trade Ripple (XRP) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
