Analysis Bitcoin

Ripple Price Prediction: XRP/USD Drops Below $0.80


Ripple Price Prediction – February 21

The Ripple price prediction is down by 2.51% in the last few hours as the current market value goes below the support level of $0.80.

XRP/USD Market

Key Levels:

Resistance levels: $0.95, $1.00, $1.05

Support levels: $0.60, $0.55, $0.50

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD touches the daily high at $0.80 before giving a bearish signal at the time of writing, the coin is sliding below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) heads to the downside. Meanwhile, a break below the support level of $0.75 could give the market enough strength to dig dip, but crossing above the upper boundary of the channel might lead the market to the south.

Ripple Price Prediction: Price May Nosedive Below $0.70 Support

As revealed by the daily chart, the Ripple price is showing a sign of weakness as the coin is down by 2.51%, reflecting a price drop in the market. Meanwhile, the fall might become heavy if the bearish action continues within the channel. However, since the Ripple price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions remain below the moving averages.

Meanwhile, a breakout to the upside could strengthen the bulls and push the price to the resistance levels of $0.95, $1.00, and $1.05. More so, any 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, $0.55, and $0.50.

Against BTC, the Ripple price is yet to cross above the upper boundary of the channel as the coin moves to cross below the 9-day moving average. However, if the selling pressure continues, the Ripple (XRP) may create another low. At the moment, the technical indicator Relative Strength Index (14) is likely to cross below 60-level; traders may begin to see a negative move in the market.

XRPBTC – Daily Chart

According to the daily chart, the Ripple (XRP) is currently hovering at 1980 SAT, and if the coin crosses below the 9-day and 21-day moving averages, traders may expect close support at 1800 SAT and below. But, if the bullish movement occurs and breaks above the channel, traders can then confirm a bull-run for the market, and the nearest resistance level could be located at 2200 SAT and above.

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