Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

The Ripple price prediction shows that XRP is down by 1.96% in the last few hours as the current market value goes below $0.37.

Ripple Prediction Statistics Data:

  • Ripple price now – $0.35
  • Ripple market cap – $17.3 billion
  • Ripple circulating supply – 48.34 billion
  • Ripple total supply – 99.89 billion
  • Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Track live crypto price of 10000+ coins!

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.25, $0.15, $0.10

XRP/USD touches the daily high at $0.37 before giving a bearish signal at the time of writing, the coin is trading above the 9-day and 21-day moving averages as the Relative Strength Index (14) crosses below the 50-level. However, any bearish move below this level could give the market enough strength to dig dip, but moving towards the upper boundary of the channel might lead the market to the upside.

Ripple Price Prediction: XRP/USD Ready for More Upside

The Ripple price is showing a sign of weakness across its markets as the coin is down by 1.96%, reflecting a price drop in the market, and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action crosses below the 9-day and 21-day moving averages.

Punt Crypto Casino Banner

Meanwhile, a break towards the upper boundary of the channel could strengthen the bulls and could push the price to the resistance levels of $0.50, $0.55, and $0.60, but a breakdown below the moving averages may lead the market to a bearish scenario where the price could reach the supports at $0.25, $0.20, and $0.15.

Related:  Crypto Mogul Wants to Buy Distressed Assets from Bitcoin Miners

When compared with Bitcoin, the Ripple price is falling towards the 9-day moving average. Therefore, if the bears pressurized the market, XRP/BTC may create another low by touching the nearest support at 1600 SAT. Now, the technical indicator Relative Strength Index (14) moves within the overbought region; traders may see a negative move within the channel if the bearish pressure increases.

XRPBTC – Daily Chart

However, the Ripple (XRP) is changing at 1701 SAT. If the coin drops below the current value, the market may hit the support at 1500 SAT and below. Nevertheless, if the Ripple price moves and crosses above the upper boundary of the channel; traders can then confirm a bull run for the market, and the nearest resistance level is located at 2000 SAT and above.

eToro – Our Recommended Trading Platform

eToro exchange
  • CySEC, FCA & ASIC regulated – Trusted by Millions of Users
  • Trade Crypto, Forex, Commodities, Stocks, Forex, ETFs
  • Free Demo Account
  • Deposit via Debit or Credit card, Bank wire, Paypal, Skrill, Neteller
  • Copytrade Winning Traders – 83.7% Average Yearly Profit

eToro exchange

68% of retail investor accounts lose money when trading CFDs with this provider.

Read more:

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: