XRP Increases Above $0.60 Level

The Ripple price prediction shows that XRP is rising slightly with a gain of 1.54% during the European session today.

XRP/USD Market

Key Levels:

Resistance levels: $0.80, $0.85, $0.90

Support levels: $0.45, $0.40, $0.35

XRP/USD is trading above the resistance level of $0.60 as the coin heads to the upside. It could be possible that if the resistance level of $0.65 is tested, it is likely for the coin to break higher. Meanwhile, if the Ripple price remains below the 9-day and 21-day moving averages, traders could expect the market price to break beneath, and this may likely touch the critical support levels at $0.45, $0.40, and $0.35.

Ripple Price Prediction: Ripple (XRP) May Face the Upside

According to the daily chart, the Ripple price is hovering around $0.62 with a slight bullish movement towards the 9-day and 21-day moving averages. However, if the bulls put more pressure, the Ripple price may cross above the moving averages to hit the resistance levels at $0.80, $0.85, and $0.90.

On the other hand, the technical indicator Relative Strength Index (14) is beginning to recover from the oversold region as the signal line moves to the upside. In the meantime, the bulls may come into focus if a larger divergence to the upside is noticed within the market.

Against Bitcoin, the Ripple price is trading bearishly below the 9-day and 21-day moving averages. After bottoming out around the 1566 SAT, the price begins to slowly ascend and it is currently trading around the 1606 SAT. However, the Ripple price is now moving within the channel as the sellers are dominating the market.

From above, if the bulls can push the coin above the 9-day moving average, traders may expect initial resistance to being located at 1700 SAT. Therefore, any further bullish movement may hit a higher resistance level at 1750 SAT and above. Alternatively, If the sellers push the market below the lower boundary of the channel, XRP/USD may hit the support at 1450 SAT and below. Meanwhile, the Relative Strength Index (14) is likely to recover from the oversold region to create more bullish signals.

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