XRP May Slide Below $0.30 Level

The Ripple price prediction is down by 1.43% in the last few hours as the current market value may go below $0.30.

Ripple Prediction Statistics Data:

  • Ripple price now – $0.31
  • Ripple market cap – $15.0 billion
  • Ripple circulating supply – 48.3 billion
  • Ripple total supply – 99.9 billion
  • Ripple Coinmarketcap ranking – #8

XRP/USD Market

Key Levels:

Track live crypto price of 10000+ coins!

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.20, $0.15, $0.10

XRP/USD is hovering at $0.31 below the 9-day moving average and the coin is likely to slide below this level and face the south. However, the Ripple price is trading at the downside while the Relative Strength Index (14) keeps moving below 40-level. Nevertheless, any bearish move below this barrier may give the market enough strength to dig a dip, but crossing above the moving averages may lead the market to the upside.

Ripple Price Prediction: XRP/USD Remains at the Downside

The Ripple price continues to show signs of weakness across its markets as the coin loses 1.43%, range-bounding within the market. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action heads toward the lower boundary of the channel.

Punt Crypto Casino Banner

However, any bullish movement above the 9-day and 21-day moving averages could strengthen the bulls and push the price to the resistance levels of $0.50, $0.55, and $0.60, but any further bearish movement could lead the market to the supports at $0.20, $0.15, and $0.10.

Related:  Youtube Crypto Influencer BitBoy Crypto Warns That He Is Planning Something That "Will Permanently Change Crypto"

When compared with Bitcoin, the Ripple price is hovering within the 9-day and 21-day moving averages. Therefore, if the selling pressure increases, XRP/BTC may create a new low by touching the nearest support at 1600 SAT. Now, the technical indicator Relative Strength Index (14) moves below the 60-level; traders may continue to see a negative move within the channel if crosses below the moving averages.

XRPBTC – Daily Chart

However, the Ripple (XRP) is currently changing at 1636 SAT, therefore, if the coin drops below the current value, the market may experience close support at 1500 SAT before breaking to 1400 SAT and below. Nevertheless, if the Ripple price moves and crosses above the channel; the nearest resistance level could be located at 2000 SAT and above.

eToro – Our Recommended Crypto Wallet

eToro exchange
  • Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
  • Automatic Staking of ETH, ADA or TRX in your Wallet
  • Regulated by FCA, ASIC and CySEC – Millions of Users
  • Unlosable Private Key – Secure eToro Recovery Service

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: