Ripple Price Prediction: XRP/USD Stays Above $0.80

Ripple Price Prediction – March 19

The Ripple price prediction shows that XRP is rising with a gain of 2.87% as the market price rises above the $0.80 level.

XRP/USD Market

Key Levels:

Resistance levels: $1.00, $1.05, $1.10

Support levels: $0.60, $0.55, $0.50

XRP/USD is trading above the resistance level of $0.80 as the coin moves to cross above the upper boundary of the channel. It is likely that if the resistance level of $0.70 is tested once again, the coin may break higher. However, if the Ripple price remains below the lower boundary of the channel, traders could expect the market price to break below the 9-day and 21-day moving averages and this may cause the market to test the critical support levels of $0.60, $0.55, and $0.50.

Ripple Price Prediction: Ripple (XRP) Ready to Touch $0.90 Resistance

As seen on the daily chart, the Ripple price is hovering around $0.82 with a slight bullish movement towards the upper boundary of the channel. However, if the bulls put more pressure, the Ripple price may cross above the channel to hit the resistance levels at $1.00, $1.05, and $1.10.

In addition, the technical indicator Relative Strength Index (14) is beginning to recover from the downtrend as the signal line moves to cross above 60-level. Meanwhile, the bulls may come into focus if the 9-day MA remains above the 21-day MA.

Against Bitcoin, the Ripple price is trying to cross above the 9-day moving average. After bottoming out around the 1901 SAT, the price begins to slowly ascend and it is currently trading around the 1957 SAT. However, the Ripple price is now contained within the channel as traders wait for the bulls to hopefully push the price above the moving averages.

On the upside, if the bulls can break above this barrier, traders can expect initial resistance at 2000 SAT. Above this, higher resistance could be located at 2200 SAT and above. On the contrary, if the sellers push the market towards the lower boundary of the channel, XRP/USD may hit the critical support at 1700 SAT and below. Meanwhile, the Relative Strength Index (14) is moving towards 60-level, and it’s likely to cross above it.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

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

Read more: