Ripple Price Prediction – September 30
The Ripple price has not been able to develop the upside momentum above $0.95 as the coin range-bounds within the market.
XRP/USD Market
Key Levels:
Resistance levels: $1.15, $1.20, $1.25
Support levels: $0.75, $0.70, $0.65
XRP/USD touches the resistance level of $0.98 at the opening of the market today, but the coin failed to cross above the 21-day moving average as it quickly retreated towards $0.95 support. Nonetheless, the Ripple (XRP) has been moving sideways since a few days ago and the coin still remains at a tight range which limited its bullish movements above the 9-day and 21-day moving averages.
Ripple Price Prediction: What could be the Next Direction?
As reveals by the daily chart, the Ripple price keeps following the same direction as the coin moves toward the east. However, if the bulls manage to push the Ripple price above the 21-day moving average; the coin could find the resistance at $1.15, $1.20, and $1.25 levels.
Meanwhile, if the market follows the bearish movement, it may likely hit the nearest support at $0.80 and a further drop could pull XRP/USD to the support levels of $0.75, $0.70, and $0.650 respectively. Moreover, the technical indicator Relative Strength Index (14) confirms the sideways movement as the signal line stays below 45-level. Therefore, traders should keep monitoring the movement for the next possible direction of the Ripple price.
When compares with Bitcoin, the Ripple price is also seen moving sideways, although the price action has remained intact below the 9-day and 21-day moving averages. Meanwhile, if the selling pressure persists, the Ripple price variation may create a new low for the coin in the next coming trading days.
At the moment, the technical indicator Relative Strength Index (14) is seen moving in the same direction; traders may likely see a negative move if the bears increase their movement and traders should expect close support at the 2100 SAT. However, any further bearish movement below the lower boundary of the channel could drag the coin to the critical support of 1900 SAT and below. On the other hand, if a bullish movement occurs and validates a break above the 9-day and 21-day moving averages; traders may confirm a bullish movement for the market, and the nearest resistance level may be located at 2500 SAT and above.
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