The Ripple price prediction shows XRP could renew the bullish trend after testing the support level of $0.36 today.
Ripple Prediction Statistics Data:
- Ripple price now – $0.39
- Ripple market cap – $19.6 billion
- Ripple circulating supply – 49.8 billion
- Ripple total supply – 99.98 billion
- Ripple Coinmarketcap ranking – #7
Resistance levels: $0.45, $0.47, $0.49
Support levels: $0.35, $0.33, $0.31
Your capital is at risk
XRP/USD regains ground after touching the daily low at $0.36 during the European session today. The Ripple price is currently changing hands at $0.39 and with the recovery, the coin is hovering above the 9-day and 21-day moving averages.
Would Ripple Price Move to the Upside Just like the Tamadoge?
According to the daily chart, the Ripple price is moving towards the resistance level of $0.40 as the initial move to cross the upper boundary of the channel could boost the price further up. The Ripple (XRP) hits the daily high at $0.398 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Ripple price stays above the moving averages as the nearest resistance level could be found at $0.40.
However, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) remains above the 60-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.40 level may most likely push the coin towards the potential resistance levels of $0.45, $.47, and $0.49 while a drop towards the lower boundary of the channel may lead to the supports of $0.35, $0.33, and $0.31 respectively.
Against Bitcoin, the Ripple price is rising above the 9-day and 21-day moving averages. As the coin touches the daily high at 2021 SAT today, the bulls are putting more buying pressure on the coin to gain additional uptrend. Meanwhile, the price could spike and cross above the upper boundary of the channel if the buyers put more pressure.
Moreover, should the sellers return to the market, the Ripple price may drop to the support of 1700 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves into the overbought region as the market faces the upward movement while the potential resistance level could be located at $2200 and above.
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