Ripple Price Prediction – September 22
Resistance levels: $1.10, $1.20, $1.30
Support levels: $0.70, $0.60, $0.50
XRP/USD regains ground after touching the monthly low of $0.83 yesterday. The Ripple Price is currently changing hands at $0.96 with gains of 10.42% since the start of the day. Despite the recovery, the coin is still hovering below the 9-day and 21-day moving averages. Ripple now takes sixth place in the global cryptocurrency market rating, with the current market capitalization of $43.7 billion.
Ripple Price Prediction: Ripple Price May Spike Above $1.00
According to the daily chart, the Ripple price is moving towards the resistance level of $1.00 as the initial move above the lower boundary of the channel boosted the price further up. The Ripple (XRP) hit highs above $0.98 before retreating back to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Ripple Price crosses above the 9-day moving average, and the nearest resistance level could be found at $1.05.
However, the traders can see that the daily movement still remains in the hands of the bulls as the technical indicator Relative Strength Index (14) is seen crossing above 40-level, building on the consistent recovery from the downside. Meanwhile, a break above the $1.00 level may most likely push the coin above the potential resistance levels of $1.10, $1.20, and $1.30 while a drop below the lower boundary of the channel may lead to the supports of $0.70, $0.60, and $0.50 respectively.
When compares with Bitcoin, the Ripple keeps moving around 2240 SAT below the 9-day and 21-day moving averages. After the coin touches the daily high at 2124 SAT today, the coin later retreated back below the 9-day moving average. Meanwhile, the price keeps moving sideways as the sellers continued to put pressure on the market.
Moreover, should the sellers put more pressure on the market, the Ripple Price may drop to the support of 1900 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross above 40-level as the market remains at the downside of the channel while the resistance level is located at $2400 and above.
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