Ripple Price Prediction – August 22
The Ripple price is facing the south as further downside may likely reach the critical support level at $1.00.
XRP/USD Market
Key Levels:
Resistance levels: $1.45, $1.50, $1.55S
Support levels: $0.95, $0.90, $0.85
XRP/USD is seen sliding below the 9-day moving average as the coin prepares to revisit the support level of $1.00 before it could start a new increase. After struggling to reach the $1.26 high, the Ripple price begins a slow and steady decline towards the south. Therefore, as the coin faces the bearish movement, it may target the key support at $1.00 as the price could move into a short-term bearish zone.
Ripple Price Prediction: Is Ripple Price Ready for Downward Move?
At the time of writing, the Ripple price is currently exchanging hands at $1.19 and any attempt to stay below the 9-day moving average may likely bring it towards the 21-day moving average. However, traders may experience a quick buy if the trade reaches the support at $1.15 but traders should keep their eyes on the resistance levels of $1.45, $1.50, and $1.55.
Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the price to retest $1.00 and could further drop to $0.95, $0.90, and $0.85 support levels respectively. The technical indicator Relative Strength Index (14) keeps moving below 70-level and if the signal line moves downward, the coin may fall more.
Against Bitcoin, the Ripple price is seen moving in sideways as the coin stays below the 9-day moving average. However, if a rebound comes to play, the coin may face an upward trend and the bullish continuation may take it to the resistance levels of 2800 SAT and 3000 SAT respectively.
Looking at the daily chart, if the bulls failed to hold the bearish movement, the coin may likely fall towards the 21-day moving average and the nearest support levels lie at 2200 SAT and 2000 SAT. However, the technical indicator Relative Strength Index (14) is seen moving to cross below 60-level, which indicates a downward movement.
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