Ripple Price Prediction – September 16
The Ripple price prediction shows XRP consolidating in an intraday zone between the daily low of $1.08 and a daily high of $1.13.
XRP/USD Market
Key Levels:
Resistance levels: $1.30, $1.40, $1.50
Support levels: $0.90, $0.80, $0.70
XRP/USD continues to consolidate its position below the $1.20 level. At the time of writing, the coin is within the 9-day and 21-day moving averages while floating towards the lower boundary of the channel as the technical indicator Relative Strength Index (14) is seen moving around 50-level. The daily breakdown shows that the intraday support and resistance lie between $1.15 and $1.10 respectively.
Ripple Price Prediction: Ripple (XRP) May Range-bound
The Ripple price is witnessing a bearish drive towards the south, currently trading at the $1.11 level. However, since XRP/USD is following a sideways movement as it has been revealed by the technical indicator, traders may expect the coin to break below the 9-day moving average before breaking the lower boundary of the channel if the RSI (14) signal line cross below 50-level.
However, a channel breakdown could strengthen the bears and this could push the price to the support levels of $0.90, $0.80, and $0.70, or a break above the 21-day moving average might lead the market in a bullish scenario if the price follows the upward trend to hit the nearest resistance at $1.30, $1.40, and $1.50 levels. For now, the coin may likely remain on the negative side as the green-line of 21-day MA is above the red-line of 9-day MA or range-bound if the RSI (14) follows the same direction.
Against Bitcoin, the Ripple price is seen consolidating below the 9-day and 21-day moving averages. However, if the bulls could energize and push the price above the moving averages to move towards the upper boundary of the channel, the Ripple price may likely visit the resistance level of 2600 SAT and above.
On the contrary, if the bulls fail to halt the selling pressure and allow the coin to drop below the lower boundary of the channel, the coin may follow a downward trend. Therefore, the nearest support level could be found at 2100 SAT and below. More so, the Relative Strength Index (14) seems to be giving a negative direction as the signal line is moving below 50-level, suggesting a downward trend for the coin.
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