XRP/USD Prepares for Downside at $0.60

Ripple Price Prediction – January 30

The Ripple price prediction is facing the south as further downside may reach the critical support level at $0.50.

XRP/USD Market

Key Levels:

Resistance levels: $0.75, $0.80, $0.85

Support levels: $0.45, $0.40, $0.35

XRP/USD is seen sliding below the 9-day moving average as the coin prepares to revisit the $0.50 support before it could start a new increase. After struggling to reach $0.61, the Ripple begins a slow and steady decline towards the south. As the coin faces the bearish movement, it may target the key support at $0.55 as the price moves into a short-term bearish zone.

Ripple Price Prediction: Ripple Price Could Drop More

At the time of writing, the Ripple price is currently exchanging hands at $0.60 and any attempt to stay below the 9-day moving average may likely open doors for more downsides and the price could spike towards the lower boundary of the channel. However, traders may experience a quick bullish movement if the trade reaches the support at $0.50 and it is likely for the coin to locate the resistance levels at $0.75, $0.80, and $0.85.

Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for the market and this might cause the price to hit the support levels of $0.45, $0.40, and $0.35 respectively. Meanwhile, the technical indicator Relative Strength Index (14) is likely to revisit the oversold region and if the signal line moves downward, the coin may fall more.

Against Bitcoin, the Ripple price is seen moving bearishly as the coin stays below the 9-day and 21-day moving averages. However, if a rebound comes to play, the coin may face an upward trend and the bullish continuation may take it to the resistance level of 1700 SAT and above.

Looking at the daily chart, if the bulls failed to hold the selling pressure, the coin may likely fall below the lower boundary of the channel and the next target key support level lies at 1500 SAT and below. However, the technical indicator Relative Strength Index (14) is seen moving into the oversold region, which indicates a downward movement.

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