ripple price prediction xrp usd ready to break above 1 25

ripple price prediction xrp usd ready to break above 1 25

Ripple Price Prediction – September 1

The Ripple Price prediction is slightly bullish as the market continues to respect the $1.15 support and could push the coin upward.

XRP/USD market

Key Levels:

Resistance levels: $1.40, $1.45, $1.50

support levels: $1.00, $0.95, $0.90

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD has been trading sideways since a few weeks ago, gaining around 1.2% during the negotiation today. Looking at the Daily chart, the Ripple (XRP) has been rising after touching the Daily low at $1.15. At the time of writing, bulls are making an attempt to come back into the market with a cross above the 9-day and 21-day moving averages, which may head towards the resistance level of $1.25.

Ripple Price Prediction: Ripple Price May Struggle Above $1.25?

The Ripple price remains the sixth-largest cryptocurrency with a market cap of $56.04 billion. The Ripple Price has seen a tremendous increase in the market yesterday and it is currently trading around $1.20. In the meantime, XRP/USD may continue to follow a sideways movement before deciding on the next direction of the market.

Moreover, should in case the Price breaks above the upper boundary of the channel, the resistance levels of $1.40, $1.45, and $1.50 could be visited. Meanwhile, for a break below the moving averages, the Ripple Price may hit the supports at $1.00 and $0.95 and if the Price falls below the previous levels, another support could be located at $0.90 while the Relative Strength Index (14) stays above 50-level.

When compares with Bitcoin, the Ripple Price is currently changing hands at 2498 SAT and it’s hovering above the 9-day and 21-day moving averages. Therefore, if the 21-day MA serves as the market support, the Ripple Price may likely face the key resistance at 2700 SAT. By reaching this level, XRP/BTC could hit the resistance level of 2800 SAT and above.

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XRPBTC – Daily Chart

However, if the bulls fail to keep the Price above the 9-day and 21-day MAs, the market may continue its downtrend and the pair could probably record further declines towards the lower boundary of the channel. However, a further bearish move could bring the coin to the support level of 2200 SAT and below while the signal line of the Relative Strength Index (14) moves below 60-level.

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source insidebitcoins.com

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