XRP Needs to Reclaim $0.50 Level

The Ripple price prediction continues to battle with the $0.40 level after being supported by the 9-day moving average.

Ripple Prediction Statistics Data:

• Ripple price now – $0.41
• Ripple market cap – $19.87 billion
• Ripple circulating supply – 48.34 billion
• Ripple total supply – 99.89 billion
• Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.60, $0.35, $0.70

Support levels: $0.20, $0.15, $0.10

At the time of writing, XRP/USD is seen trading at $0.40 around the 9-day moving average. The cryptocurrency is currently moving sideways as it continues to struggle in crossing above the moving averages. More so, the attempt to begin the upward movement shows that the bulls are battling to be in control of the market momentum.

Ripple Price Prediction: Would Ripple Go Up?

Looking at the daily chart, the Ripple price is likely to cross above the 9-day moving average while the nearest resistance level lies at the $0.50 resistance level. Any additional movement above this could reach the important resistance level at $1.80. If the bulls can break above $1.90, higher resistance is located at $0.60, $0.65, and $0.70. Meanwhile, if the price decides to cross below the lower boundary of the channel, the nearest support to reach is located at the $0.30level. Beneath this, further supports could be located at $0.20, $0.15, and $0.10.

However, the technical indicator Relative Strength Index (14) is currently moving around the oversold region as traders wait for a bullish spike to push the market higher. More so, the coin may move bullishly within the positive side of the 9-day MA crosses above the 21-day MA.

Against Bitcoin, it can be seen that XRP has been ranging below the 9-day moving average as it currently trades around 1385 SAT. Meanwhile, the nearest resistance lies above the 9-day and 21-day moving averages. However, if the buyers push the Ripple (XRP) above 1500 SAT, the higher resistance level will be located at 1650 SAT and above.

Moreover, the market price may likely cross below the lower boundary of the channel which could give bearish signals. However, if the downtrend movement continues to play out, this can lead to the support level of 1100 SAT and below. Meanwhile, the market may move into the negative side as the technical indicator Relative Strength Index (14) may cross into the oversold region.

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