Ripple Price Prediction – March 9
The Ripple price prediction shows that XRP is rising with a gain of 5.21% over the past 24 hours as it rises above the $0.75 level.
XRP/USD Market
Key Levels:
Resistance levels: $0.90, $0.95, $1.00
Support levels: $0.60, $0.55, $0.50
XRP/USD is trading above the resistance level of $0.75 as the coin heads to the upside. It could be possible that the more the resistance level of $0.75 is tested, the more it is likely to break higher. However, if the Ripple price remains below the 9-day and 21-day moving averages, traders could expect the market price to break beneath, and this may likely hit the critical support levels of $0.60, $0.55, and $0.50.
Ripple Price Prediction: Ripple (XRP) May Follow the Upward Movement
According to the daily chart, the Ripple price is hovering around $0.75 with a strong bullish movement above the moving averages. However, should in case the bulls put more pressure, the Ripple price may cross above the upper boundary of the channel to hit the resistance levels at $0.90, $0.95, and $1.00.
However, the technical indicator Relative Strength Index (14) is beginning to recover from the downtrend as the signal line crosses above 50-level. Meanwhile, the bulls may come into focus if a larger divergence to the upside is noticed within the market.
Against Bitcoin, the Ripple price is trading bearishly below the 9-day and 21-day moving averages. After bottoming out around the 1781 SAT, the price begins to slowly ascend and it is currently trading around the 1812 SAT. However, the Ripple price is now moving within the channel as the sellers are dominating the market.
From above, if the bulls can push the coin above the moving averages, traders may expect initial resistance to be located at 2000 SAT. Therefore, any further bullish movement may hit higher resistance level at 2100 SAT and above. Alternatively, If the sellers push the market below the lower boundary of the channel, XRP/USD may hit the critical support at 1550 SAT and below. Meanwhile, the Relative Strength Index (14) crosses below 50-level to follow a bearish movement.
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