XRP/USD May Push the Price Above $0.40

The Ripple price prediction shows that XRP is slightly pushing higher with 0.27% gains as the coin manages to face the north.

Ripple Prediction Statistics Data:

• Ripple price now – $0.37
• Ripple market cap – $19.0 billion
• Ripple circulating supply – 50.3 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: $0.30, $0.25, $0.20

Looking at the daily chart, XRP/USD manages to reach a daily high of $0.38 as the market opens today. During the European session, the Ripple price is likely to cross above the 9-day and 21-day moving averages. However, any bullish cross above the moving averages may allow the coin to face the upper boundary of the channel. The current market movement shows that the buyers are likely to control the market.

Ripple Price Prediction: Ripple Price Could Head to the Upside

At the time of writing, the Ripple price may begin to follow the uptrend as the bull resume back into the market. Meanwhile, if XRP/USD needs to see a shift in momentum, the bulls may need to push the price above the 9-day and 21-day moving averages. The nearest resistance level could be established above the 21-day moving average and a bullish breakout towards the upper boundary of the channel could take XRP to the potential resistance levels of $0.50, $0.55, and $0.60 as the technical indicator Relative Strength Index (14) keeps moving above the 40-level.

At the time of writing, XRP/USD is trading at $0.375 which could touch the nearest resistance at $0.40. On the contrary, a bearish movement below the lower boundary of the channel may cause the Ripple price to revisit the downside to hit the support levels of $0.30, $0.25, and $0.20 respectively.

Against Bitcoin, Ripple (XRP) is still moving sideways around the 9-day and 21-day moving averages. The trend is likely to follow the bullish movement in the long term and moving toward the upper boundary of the channel could take the coin to higher levels.

However, the resistance level could be found at 3000 SAT and above but any bearish movement below the channel may bring the coin to the closest support level at 1700 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) may likely cross below the 50-level, suggesting a bearish movement for the market.

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