The Ripple price prediction shows that XRP is currently pushing higher with 2.25% gains as the coin manages to face the north.
Resistance levels: $0.60, $0.65, $0.70
Support levels: $0.25, $0.20, $0.15
Looking at the daily chart, XRP/USD manages to reach a daily high of $0.44 as the market opens today. During the European session, the Ripple price moved toward the 9-day and 21-day moving averages. Meanwhile, the push to the upside allows XRP/USD to climb back to the positive side. This bounce towards the moving averages shows that the buyers may come to play out in the market.
Ripple Price Prediction: Ripple Price May be Ready For the Upside
At the time of writing, the Ripple price may continue to follow the uptrend. However, if XRP/USD needs to see a shift in momentum, the bulls may need to push the price above the 9-day moving average, which may continue to trade upwards. The nearest resistance level could be established above the 21-day moving average. Therefore, a bullish breakout towards the upper boundary of the channel could take XRP to the potential resistance levels of $0.60, $0.65, and $0.70 as the technical indicator Relative Strength Index (14) is likely to move away from the oversold region.
At the time of writing, XRP/USD is trading at $0.43 after holding above $0.44. On the contrary, a bearish movement towards the lower boundary of the channel may cause the Ripple price to revisit the downside to hit the support levels of $0.25, $0.20, and $0.15 respectively.
Against Bitcoin, Ripple (XRP) is still demonstrating some positive signs across the market. The trend is likely to follow the bullish movement in the long term and moving within the channel takes the coin to the higher levels. XRP/BTC is currently changing hands at 1465 SAT below the 9-day and 21-day moving averages.
However, the resistance level is located around 1800 SAT and above but any bearish movement may bring the coin to the closest support level at 1200 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is moving to cross above the 40-level, suggesting a bullish movement for the market.
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This post first appeared on: Inside Bitcoins