Home NFTs XRP Range-bounds as Price Holds $0.40 Support

XRP Range-bounds as Price Holds $0.40 Support

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The Ripple price prediction shows that XRP is slightly ranging as the market continues to respect the $0.40 support.

Ripple Prediction Statistics Data:

  • Ripple price now – $0.40
  • Ripple market cap – $19.69 billion
  • Ripple circulating supply – 48.34 billion
  • Ripple total supply – 99.98 billion
  • Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.60, $0.55, $0.50

XRP/USD is trading sideways, losing around 0.32% during the negotiation today. Looking at the daily chart, the Ripple has been moving sideways for the past few days. Now, the bulls are trying to come back into the market with a cross above the 9-day moving average, which may head towards the resistance level of $0.50.

Ripple Price Prediction: Ripple (XRP) May Cross to the Upside

The Ripple price is consolidating within the market and the coin has seen a slight decrease in the market as it is currently trading around $0.40. In the meantime, XRP/USD may continue a sideways movement before any breakout or breakdown of the channel.

Moreover, should the price break toward the upper boundary of the channel, the resistance levels of $0.55, $0.65, and $0.70 could be visited. Meanwhile, for a backward movement, the market may be supported at $0.25 and $0.20, and should the price falls below the previous levels, another support is around $0.15 while the Relative Strength Index (14) is moving below the 40-level.

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When compared with Bitcoin, the Ripple price is currently changing hands at 1370 SAT, and it’s trading below the 9-day and 21-day moving averages. Therefore, if the 1300 SAT can serve as the market support, the Ripple price may likely cross above the moving averages. By crossing this barrier, XRP/BTC could hit the resistance level of 1600 SAT and above.

XRPBTC – Daily Chart

However, if the bulls fail to push the price above the moving averages, the market may begin its downtrend and the coin could probably record further declines below the lower boundary of the channel. Breaking this barrier could take the market to the nearest support level of 1200 SAT and below while the signal line of the Relative Strength Index (14) moves in the same direction below the 40-level.

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