XRP Range-bounds as Price Holds $0.34

The Ripple price prediction shows that XRP is slightly ranging as the market continues to respect the $0.34 support.

Ripple Prediction Statistics Data:

• Ripple price now – $0.34
• Ripple market cap – $16.7 billion
• Ripple circulating supply – 48.34 billion
• Ripple total supply – 99.98 billion
• Ripple Coinmarketcap ranking – #7

XRP/USD Market

Key Levels:

Resistance levels: $0.50, $0.55, $0.60

Support levels: $0.20, $0.15, $0.10

XRP/USD is trading sideways, losing around 1.03% during the negotiation today. Looking at the daily chart, the Ripple has been moving sideways for the past few days. Presently, the bulls are trying to come back into the market with a cross above the 9-day and 21-day moving averages, which may head towards the resistance level of $0.36.

Ripple Price Prediction: Would Ripple Price Head to the Upside?

The Ripple price is consolidating within the market, and the coin may see a slight increase in the market as it is currently trading around $0.34. On the contrary, XRP/USD may continue to a sideways movement before any breakout or breakdown of the channel.

Moreover, should in case the price breaks above the upper boundary of the channel, the resistance levels of $0.50, $0.55, and $0.60 could be visited. Meanwhile, for a bearish movement, the market can be supported at $0.20 and $0.15, and should the price falls below the previous levels, another support could be found at $0.10 while the Relative Strength Index (14) stays above the 50-level.

When compared with Bitcoin, the Ripple price is currently changing hands at 1654 SAT, and it’s trading within the 9-day and 21-day moving averages. Therefore, if the above-mentioned level can serve as market support, the Ripple price may likely face the key resistance at 1800 SAT. Reaching this level, XRP/BTC could break above the upper boundary of the channel to hit the resistance level of 1900 SAT and above.

However, if the bulls fail to keep the price above the moving averages, the market may begin a downward movement and the coin could probably record further declines toward the lower boundary of the channel. Breaking this barrier could take the market to the nearest support level of 1400 SAT and below while the signal line of the Relative Strength Index (14) moves below the 60-level.

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