The Ripple price prediction reveals that XRP is down by 0.81% as the current market value drops below the moving averages.
Ripple Prediction Statistics Data:
- Ripple price now – $0.34
- Ripple market cap – $17 billion
- Ripple circulating supply – 49.5 billion
- Ripple total supply – 99.98 billion
- Ripple Coinmarketcap ranking – #7
XRP/USD Market
Key Levels:
Resistance levels: $0.40, $0.42, $44
Support levels: $0.30, $0.28, $0.26
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XRP/USD is currently giving a bearish signal as the coin heads toward the lower boundary of the channel. The technical indicator Relative Strength Index (14) is likely to cross below the 40-level and a further bearish movement could move the coin to another low, but if the market price crosses above the 9-day and 21-day moving averages, a bullish scenario may surface.
XRP Price Ranges while Tamadoge (TAMA) Heads to the North
At the time of writing, the Ripple price is demonstrating some weaknesses as the market is down by 0.81%. XRP/USD continues to reflect a price drop in the market at the moment and the fall might become heavy if the bearish action continues. However, the Ripple price is moving bearishly, traders can expect the coin to continue to head lower and probably cross below the lower boundary of the channel.
Moreover, a break above the 9-day and 21-day moving averages could strengthen the bulls and may push the price to the resistance levels of $0.40, $0.42, and $0.44, while a breakdown might lead the market to a bearish scenario if the price continues to fall and it may likely reach the supports at $0.30, $0.28, and $0.26.
Against Bitcoin, the Ripple price is seen around the 9-day and 21-day moving averages, and if the selling pressure begins, XRP/BTC may create another low. At the moment, the technical indicator Relative Strength Index (14) is likely to cross below 50-level as the market may continue to see a negative move.
The Ripple (XRP) is currently hovering at 1601 SAT and if the coin slides below the lower boundary of the channel, traders may expect close support at 1400 SAT and below. In other words, should in case a bullish movement occurs and break above the 9-day and 21-day MAs; traders can then confirm a bullish movement for the coin as the nearest resistance level may be found at 1800 SAT and above.
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