Ripple Price Prediction – March 10
The Ripple price prediction shows that XRP continues to battle with the $0.85 level after being supported by the 9-day moving average.
XRP/USD Market
Key Levels:
Resistance levels: $1.00, $1.05, $1.10
Support levels: $0.75, $0.70, $0.65
At the time of writing, XRP/USD is trading at $0.86 around the 9-day moving average. The cryptocurrency is moving sideways as it continues to struggle above the moving averages. More so, the attempt to keep the upward movement shows that the bulls are battling to be in control of the market momentum.
Ripple Price Prediction: Ripple May Head to the Upside
The Ripple price is likely to head to the upside as revealed by the daily chart. From above, the nearest level of resistance lies at the $0.90 resistance level. Any additional movement above this could reach the important resistance level at $0.95. If the bulls can break above the upper boundary of the channel, higher resistance levels are located at $1.00, $1.05, and $1.10. Meanwhile, if the price crosses below the 9-day and 21-day moving averages, the nearest support level could be found at the $0.80 level. Beneath this, further supports could be located at $0.75, $0.70, and $0.65.
However, the technical indicator Relative Strength Index (14) is currently moving above the 60-level as traders wait for a bullish crossover to push the market higher. More so, the coin may stay on the positive side in as much as the 9-day MA remains above the 21-day MA.
Against Bitcoin, it can be seen that XRP is still struggling to hold grounds above the 9-day and 21-day moving averages as it currently trades at around 1833 SAT. From above, the nearest resistance level lies toward the upper boundary of the channel. However, if the buyers push the Ripple (XRP) above the moving averages, the higher resistance level will be located at 2100 SAT and above.
Moreover, the market price may likely face the lower boundary of the channel to give bearish signals, if the downtrend movement continues, this can lead to the support level of 1600 SAT and below. Meanwhile, the market may move sideways as the technical indicator Relative Strength Index (14) remains below 50-level.
Looking to buy or trade Ripple (XRP) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Credit: Source link
