XRP/USD Consolidates Above $0.80, Expecting a Bullish Rally

Ripple Price Prediction – March 24

The Ripple price prediction may experience a new higher high as its price moves toward the resistance level of $0.90.

XRP/USD Market

Key Levels:

Resistance levels: $1.00, $1.05, $1.10

Support levels: $0.65, $0.60, $0.55

At the time of writing, the price movement is in the hand of bulls as a slight price increase is seen for XRP/USD. The coin is currently trading at $0.84, and a breakout above this point may drive the Ripple price towards a higher level of $0.90. The Ripple price is currently hovering above the 9-day and 21-day moving averages at the time of writing and this confirms that bulls are dominating the market.

Ripple Price Prediction: Ripple (XRP) May Spike Above $0.90 Level

According to the daily chart, the Ripple price needs to crack the $0.90 for good. Meanwhile, XRP/USD has pierced through the critical resistance level at $0.85 in the past few hours but has not been able to close above it. On the other hand, the coin may likely cross below moving averages which could send the price to $0.80, and breaking this barrier may bring it to the support levels of $0.65, $0.60, and $0.55 respectively.

However, the buyers need to make a sustainable move above $0.90 as soon as possible to resume the upward trend. Meanwhile, for the upside to gain traction, XRP/USD needs to regain ground above $0.95, while $1.00, $1.05, and $1.10 resistance levels are the ultimate aims for the bulls.

Against Bitcoin, the Ripple (XRP) is crossing below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves to cross below 50-level. The price begins to slowly descend, and it’s currently trading around the 1926 SAT.  Moreover, the Ripple price is now contained within the channel as traders wait for bulls to hopefully push the price back above the moving averages.

However, if the bulls step back into the market and push the coin towards the upper boundary of the channel, traders can expect initial resistance at 2000 SAT. Above this, higher resistance lies around the 2200 SAT and above. From the downside, if the sellers drag the market price towards the lower boundary of the channel, it may hit the support at 1700 SAT and below.

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