The Ripple price prediction shows that XRP may begin to show a bullish movement if the market could rise above the $0.40 resistance level.
Ripple (XRP) Statistics Data:
- Ripple price now – $0.35
- Ripple market cap – $17.7 billion
- Ripple circulating supply – 49.8 billion
- Ripple total supply – 99.8 billion
- Ripple Coinmarketcap ranking – #7
XRP/USD Market
Key Levels:
Resistance levels: $0.40, $0.42, $0.44
Support levels: $0.33, $0.31, $0.29
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XRP/USD is moving sideways as the market remains above the 9-day and 21-day moving averages. Apart from this, the Ripple price still has to conquer the resistance level of $0.38 within the channel and traders can expect the price to continue to rise as soon as this is done.
Ripple Price Could Shoot to the North; Buyers Prefer Tamadoge
The daily chart shows that the Ripple price is attempting to create a new positive trend, and traders may expect a bullish continuation towards the upside, which could test the resistance level of $36. Similarly, the technical indicator Relative Strength Index (14) could move to cross above the 60-level; and crossing above this level may locate the potential resistance levels at $0.40, $0.42, and $0.44 in the long term.
However, if the Ripple price spike to the upside, traders may witness additional bullish trends in the coming trading sessions. In other words, a bearish breakdown may likely play out if the Ripple price withdraws back below the 9-day and 21-day moving averages, and this could roll the coin back to the long-term supports at $0.33, $0.31, and $0.29 respectively.
Against Bitcoin, the Ripple price follows the bearish movement as the coin crosses below the 9-day and 21-day moving averages. More so, if the pair touches the support level of 1600 SAT, the market is likely to keep releasing more bearish pressure as the technical indicator Relative Strength Index (14) crosses below the 50-level, which indicates that more bearish signals are likely to play out.
However, if XRP/BTC crosses above the moving averages, it may bring the coin to the nearest resistance at 1700 SAT, and any further bullish movement could push the price to the resistance level of 1800 SAT and above. Nevertheless, if the coin continues to follow a bearish movement, crossing below the lower boundary of the channel could hit the support level of 1500 SAT and below.
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