Resistance levels: $1.20, $1.30, $1.40
Support levels: $0.75, $0.65, $0.55
XRP/USD may continue to follow the downward movement by moving slowly below the key supports. At the time of writing, it is likely for the coin to revisit the $0.90 Support before it could start a new increase. However, during the European session today, the Ripple Price struggles to stay above the 9-day moving average as the coin begins a slow and steady decline to move into a short term bearish zone.
The Ripple price is currently exchanging hands at $0.94 and any attempt to make it fall more may open the doors for more downsides and the Price could spike below the $0.85 Support level. However, traders should focus on the Support level of $0.75 before creating a new bullish trend at the resistance levels of $1.20, $1.30, and $1.40.
Moreover, traders may likely experience a quick buy once the 9-day moving average crosses above 21-day moving average. And if the Price fails to rebound, then a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the Price to test the nearest Support at $0.85 and could further drop to $0.75, $0.65, and $0.55 Support levels while the technical Support Relative Strength Index (14) moves below 35-level.
When compares with BTC, the Ripple (XRP) is seen following a sideways movement. However, if the selling pressure continues, the Ripple Price movement may likely bring a new low into the Market. At the moment, the technical indicator Relative Strength Index (14) is moving above 40-level; more negative moves may resurface if the pair crosses below this level.
Nevertheless, the sellers could expect the nearest Support below the moving averages before breaking to 600 SAT and below. Moreover, if a bullish movement occurs, the buyers may likely push the coin to cross above the upper boundary of the channel, then traders may confirm a bullish movement and the nearest resistance levels lie at 1600 SAT and above.