Ripple Price Prediction: XRP/USD Stays Below $1.00
Ripple Price Prediction – September 24
The Ripple price prediction is currently facing selling pressure below the $1.00 resistance level.
XRP/USD Market
Key Levels:
Resistance levels: $1.15, $1.20, $1.25
Support levels: $0.75, $0.70, $0.65
XRP/USD is declining below the 9-day and 21-day moving averages after touching the daily high of $1.00 in the early trading session of today. The Ripple price might revisit the $0.85 support before it could start another increase. After struggling to cross above the 9-day moving average, Ripple begins a slow and steady decline as the coin trades below the key $0.95 support level to move into a short-term bearish zone.
Ripple Price Prediction: Ripple (XRP) May Go Down
The Ripple price prediction is currently changing hands at $0.93 and any attempt to make it cross below the lower boundary of the channel may open the doors for more downsides and the price could spike below the $0.80 support level. However, any bullish movement may cross above the 9-day and 21-day moving averages at $1.12 before creating a new bullish trend at the resistance levels of $1.15, $1.20, and $1.25.
Moreover, the market may experience a quick buy once the trade reaches the support at $0.80 and should the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders, which might cause the price to drop to $0.75, $0.70, and $0.65 support levels respectively. The technical indicator Relative Strength Index (14) is likely to cross below 40-level to increase the downtrends.
Against Bitcoin, the Ripple is currently trading at the 2204 SAT and it is now trading below the 9-day moving average. If the above-mentioned level could serve as market support, XRP/BTC can be pushed up above the 9-day moving average and move towards the resistance level of the 2400 SAT and above.
However, if the bulls fail to push the price to the nearest resistance, the market may continue the downtrend and it could probably record further declines at the 2000 SAT. Breaking this level could push the market to the nearest support level at 1900 SAT and below. Meanwhile, the Relative Strength Index (14) is likely to cross below 40-level to confirm the bearish signals.
Looking to buy or trade Ripple (XRP) now? Invest at eToro!
67% of retail investor accounts lose money when trading CFDs with this provider
Read more:
Read more: https://mcc.exchange/2021/09/24/ripple-price-prediction-xrp-usd-stays-below-1-00/
Text source: MCC.EXCHANGE
