Ripple Price Prediction – October 11
The Ripple price stays above the moving averages as the price touches the resistance level of $1.19.
XRP/USD Market
Key Levels:
Resistance levels: $1.35, $1.40, $1.45
Support levels: $0.95, $0.90, $0.85
According to the daily chart, XRP/USD is likely to follow a sideways movement. The 9-day moving average has been acting as support even though the price has not been able to break higher. However, should in case the bulls want to see a shift in momentum, they will need to hold the price above the moving averages, convert both into support levels and continue trading upwards until they create a bull cross.
Ripple Price Prediction: Ripple (XRP) May Slightly Go Higher
The Ripple price is currently hovering at $1.15 and any attempt below the 9-day and 21-day moving averages could open the door to face the downside and the price could fall below the channel if the bulls fail to keep the upward movement. Moreover, the market may experience a continuous bullish trend in as much as the market price stays above the moving averages. However, traders need to keep an eye on the $1.20 before creating additional high levels while the resistance levels lie at $1.35, $1.40, and $1.45.
On the other hand, if the price fails to keep the uptrend, then a bearish breakout is likely to trigger the selling opportunities for traders, which might cause the price to test the support of $0.95 and could further drop to both the $0.90 and $0.85 support levels respectively. The technical indicator Relative Strength Index (14) is seen following the upside and may continue to follow the bullish trend.
When compares with Bitcoin, the situation is becoming bleak as the market trades below the 9-day and 21-day moving averages. The XRP/BTC is yet to break above the 9-day moving average as the market opens today with a downtrend where it touches the daily low of 1996 SAT.
However, looking at the daily chart, bears may continue to control the market and could bring the price back below the lower boundary of the channel at the nearest support levels at 1800 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) may remain on the negative side, which indicates that the bearish movement may continue to play out.
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