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XRP has risen above $0.75 in the last 24 hours, according to the Ripple price forecast, gaining 5.21 percent.
XRP/USD Market
Key Levels:
Resistance levels: $0.90, $0.95, $1.00
Support levels: $0.60, $0.55, $0.50
Resistance at $0.75 has been breached by XRP/USD, indicating that the coin is headed higher. The more times the $0.75 level of resistance is tested, the more likely it is that it will break higher. To put it another way, traders can expect the Ripple price to break below the 9 and 21-day moving averages if it doesn't rise above the critical support levels of $0.60, $55, and $50.
Price Prediction for Ripple (XRP): It Could Continue to Rise
RPL is currently trading around $0.75, with a strong bullish movement above moving averages on the daily chart. Even so, if the bulls continue to exert more pressure, the Ripple price could break above the channel's upper boundary and hit the resistance levels of $1.00.
Technical indicator Relative Strength Index (14), on the other hand, appears to be recovering from the downtrend as its signal line crosses above the 50-level. A larger divergence in favor of the bulls may also bring them into the spotlight.
The price of Ripple is currently down against Bitcoin, trading below its 9-day and 21-day moving averages in a bearish manner. The price has been steadily rising since it peaked around the 1781 SAT, and is currently trading around the 1812 SAT. As a result, the Ripple price is currently moving within a narrow range.
Initial resistance is expected to be found at 2000 SAT if the coin is able to break above the moving averages. Consequently, the 2100 SAT and above resistance level may be reached by further bullish movement. However, XRP/USD could hit 1550 SAT and below if sellers push the market below the lower boundary of the channel. A bearish trend is being followed by the Relative Strength Index (RSI-14), which has fallen below the 50-level.
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