Ripple Price Prediction – July 26
The Ripple price renews the bullish trend after testing the support level of $0.55 early this morning.
XRP/USD Market
Key Levels:
Resistance levels: $0.80, $0.85, $0.90
Support levels: $0.45, $0.40, $0.35
XRP/USD is currently creating an upward roll after plunging under $0.60 to test support at $0.55 a few hours ago. The cryptocurrency has on several occasions been purged from highs above $0.68. A monthly high traded at $0.71 marked the end of the bullish action towards $0.75 and paved the way for losses under $0.70.
Ripple Price Prediction: Ripple Price May Spike Above $0.70
The Ripple price is making an intriguing recovery towards a $0.70 resistance level as the initial break above the upper boundary of the channel boosted the price further up. The Ripple (XRP) hit highs above $0.69 before retreating back to where it is currently trading. Meanwhile, from above, more hurdles may come into play if the price remains above the 9-day and 21-day moving averages and of course, the nearest resistance level is located at $0.70.
However, the daily movement remains in the hands of the bulls supported by the technical indicator where the Relative Strength Index (14) crosses above 50-level, building on the consistent recovery from the downside. More so, Ripple’s bullish scenario is emphasized by the technical indicator as it extends the action towards the north.
Meanwhile, a break above $0.80 and $0.85 resistance levels may most likely push the coin above the potential $0.90 resistance level while a drop below the 9-day and 21-day moving averages may lead to the supports of $0.45, $0.40, and $0.35 respectively.
Against Bitcoin, the pair is consolidating to the downside and trading below the 9-day and 21-day moving averages. However, bulls failed to push the price above the moving averages as breaking above this barrier may likely take it to the resistance levels of 2200 SAT and above.
On the other hand, if the coin continues to follow the downtrend, the Ripple price may likely hit the critical support at 1300 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross into the oversold region, suggesting more bearish signals in the market.
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