Preparing data for you could take a moment.
Thank you for your patience.
It is worth the wait.
We frequently make our website faster.
Ripple Price Prediction: XRP/USD Drops Below $0.89

Ripple Price Prediction: XRP/USD Drops Below $0.89

Ripple Price Prediction – June 11

The Ripple price is down by 1.28% in the last few hours as the current market value has gone below $0.86.

XRP/USD Market

Key Levels:

Resistance levels: $1.17, $1.27, $1.37

Support levels: $0.60, $0.50, $0.40

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD touches the daily high at $0.89 before giving a bearish signal at the time of writing, the coin is trading below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) keep moving sideways below 45-level. Meanwhile, a break below this level could give the market enough strength to dig dip, but crossing above the 9-day and 21-day moving averages might lead the market to a bullish scenario.

Ripple Price Prediction: Price May Consolidate to the Downside

At the moment, the Ripple price is demonstrating a sign of weakness across its markets. Looking at the daily chart, XRP/USD market is down by 1.28%, reflecting a price drop in the market and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions still remain below 9-day and 21-day MAs.

Meanwhile, a break above the moving averages could strengthen the bulls and could push the price to the resistance levels of $1.17, $1.27, and $1.37, or a breakdown might lead the market in a bearish scenario if the price continues to fade, the price may likely reach the supports at $0.60, $0.50, and $0.40.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Against BTC, the Ripple price is sliding below the 9-day and 21-day moving averages. Therefore, if the selling pressure continues, the XRP price variation may create another low. At the moment, the technical indicator Relative Strength Index (14) is crossing into the negative side; we may continue to see a negative move in the market as much as the coin continues to trade around the lower boundary of the channel.

blank
XRPBTC – Daily Chart

However, the Ripple (XRP) is currently hovering at 2292 SAT and if the coin crosses below the channel, traders may expect close support at 2200 SAT before breaking to 1800 SAT and below. More so, should in case a bullish movement occurs and break above the 9-day and 21-day MAs; we can then confirm a bull-run for the market and the nearest resistance levels lie at 2800 SAT and above.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Ripple Price Prediction: XRP/USD Moves Sideways as Price Holds $0.90

Ripple Price Prediction: XRP/USD Moves Sideways as Price Holds $0.90

Ripple Price Prediction – June 7

The Ripple price is slightly bullish as the market continues to respect the $0.90 support and likely builds momentum to push to the $1.20 mark next term.

XRP/USD Market

Key Levels:

Resistance levels: $1.20, $1.30, $1.40

Support levels: $0.65, $0.55, $0.45

blank
XRPUSD – Daily Chart

XRP/USD has been trading sideways since a few days ago, losing around 0.59% during the negotiation today. Looking at the daily chart, our Ripple price prediction proved XRP/USD has been dropping after a bullish rally that occurred yesterday. At the moment, the bulls are making an attempt to come back into the market with a cross above the 9-day and 21-day moving averages, which may head towards the resistance level of $1.00. Meanwhile, the Ripple price prediction shows that the coin hovers below the moving averages.

Ripple Price Prediction: Can Ripple Move Above $1?

The Ripple (XRP) remains the seventh-largest cryptocurrency with a market cap of $43.4 million. The Ripple price has seen a slight increase in the market yesterday and it is currently trading around $0.94. In the meantime, XRP/USD may continue to a sideways movement before any breakout or breakdown of the channel.

Moreover, should in case the Ripple price breaks above the 9-day and 21-day moving averages, the resistance levels of $1.20, $1.30, and $1.40 could be visited. Meanwhile, for a backward movement, the market can be supported at $0.65 and $0.55 and if the price falls below the previous levels, another support is around $0.45 while the Relative Strength Index (14) is moving in the same direction below the 45-level.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

When compares with Bitcoin, the Ripple price is currently changing hands at 2624 SAT and it’s trading around the 9-day and 21-day moving averages. Therefore, if the above-mentioned level can serve as the market support, the Ripple price may likely face the key resistance at 3000 SAT. By reaching this level, XRP/BTC could hit the resistance level of 3300 SAT and above.

blank
XRPBTC – Daily Chart

However, if the bulls fail to push the price above the 9-day and 21-day MAs, the market may continue its downtrend and the pair could probably record further declines below the lower boundary of the channel. Breaking this barrier could further push the market to the nearest support level of 2100 SAT and below while the signal line of the Relative Strength Index (14) moves in the same direction within the 50-level.

Source