Ripple Price Prediction – July 10
The Ripple price prediction reveals XRP starting a slow and steady decline as the coin trades below the key $0.65 level.
XRP/USD Market
Key Levels:
Resistance levels: $0.90, $1.00, $1.10
Support levels: $0.40, $0.30, $0.20
XRP/USD is slowly declining below the 9-day and 21-day moving averages after touching the daily high of $0.65. With the look of things, the Ripple price might revisit the $0.50 support before it could start another increase. More so, after struggling to stay above $0.65, Ripple started a slow and steady decline to where it is currently trading at $0.62 level which could slowly move into a short-term bearish zone.
Ripple Price Prediction: The Ripple (XRP) May Go Down
According to the daily chart, the Ripple price keeps moving sideways as the coin remains below the 9-day and 21-day moving averages. It is currently changing hands at $0.62 and any attempt to make it drop more may revisit the nearest support level of $0.50. However, a further bearish movement towards the lower boundary of the channel may open the doors for more downsides and the price could spike to the supports at $0.40, $0.30, and $0.20.
On the contrary, the market may experience a quick buy once the trade reaches the support at $0.50 and any bullish cross above the 9-day and 21-day moving averages may hit the resistance levels of $0.90, $1.00, and $1.10. Nevertheless, should the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders but the technical indicator Relative Strength Index (14) is moving in the same direction below 45-level to increase the downtrends.
By comparing with Bitcoin, XRP is currently trading at the 1860 SAT as it is now trading below the 9-day and 21-day moving averages. However, if the current level of 1860 SAT could serve as market support, the Ripple price may cross above the 9-day and 21-day moving averages, and a move above this barrier may cause the coin to hit the resistance level of 2200 SAT and above.
Nonetheless, if the bulls fail to push the price to the upside, the market may continue with the downward movement and it could probably record further declines at the 1700 SAT. Breaking this level could also push the market to the critical support level of 1500 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is already below 40-level to confirm the bearish signals.
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