Ripple Price Prediction: Can Ripple (XRP) Gain More Upsides?

Looking at the daily chart, the red-line of 9-day MA is crossing above the green-line of 21-day MA to continue the upward movement. However, if the Ripple price crosses below the moving averages, it may turn bearish and a break below the lower boundary of the channel could start to put the coin back to the negative side.

Meanwhile, if buyers can keep the movement above the 9-day and 21-day MAs, the first level of resistance could be found at $1.20 level; any further bullish movement above this level may hit the potential resistance at $1.30, $1.35, and $1.40 levels. On the downside, the support at $0.90 should be able to hold the current movement. If the market pushes beneath, the market may turn bearish and further support levels are located at $0.85, $0.80, and $0.75.

When compares with Bitcoin, the Ripple price is still following the bearish movement and if the selling pressure increases, XRP/BTC price may create a new monthly low. At the moment, the technical indicator Relative Strength Index (14) remains beneath; traders may experience more downtrends within a short time as the signal line moves into the oversold region.

Leave a Comment

Your email address will not be published.