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Ripple Price Prediction: XRP/USD Needs to Reclaim $1.20 Level

Published on

October 19, 2021
Read Time:1 Minute, 59 Second

Ripple Price Prediction – October 19

The Ripple price continues to battle with the $1.10 level after being supported by the 21-day moving average.

XRP/USD Market

Key Levels:
Resistance levels: $1.25, $1.30, $1.35
Support levels: $0.90, $0.85, $0.80

At the time of writing, XRP/USD is seen trading at $1.08 around the 21-day moving average aiming to cross above the 9-day moving average. However, the cryptocurrency has been moving sideways as the coin continues to struggle within the moving averages. More so, in the attempt to keep the upward movement, the technical indicator shows that the bulls are battling to be in control of the market momentum.

Ripple Price Prediction: Ripple (XRP) May Revisit the Previous Resistance

Looking at the market movement from above, the nearest resistance level lies at $1.15. Therefore, any additional bullish movement above this level could make the coin to remain above the 9-day and 21-day moving averages. If the bulls can break above $1.20, higher resistance levels are located at $1.25, $1.30, and $1.35. Meanwhile, if the price decides to cross below the lower boundary of the channel, the nearest support to reach is located at $0.95 level. Beneath this, further supports could be located at $0.90, $0.85, and $0.80.

However, the technical indicator Relative Strength Index (14) is likely to make a quick bullish cross to the north as the signal line moves above 50-level. More so, the Ripple price may stay within the positive side in as much as the 9-day moving average remains above the 21-day moving average.

Against Bitcoin, it can be seen that XRP has been falling below the 9-day and 21-day moving averages as it currently trades at 1735 SAT. Looking at it from above, the nearest resistance level could be found around 1800 SAT. However, if the buyers push the Ripple (XRP) above this level, the higher resistance level will be located at 1900 SAT and above.

However, the market price may likely cross below the lower boundary of the channel in order to give more bearish signals. If the downtrend movement continues, it can lead to the support level of 1600 SAT and below as the technical indicator Relative Strength Index (14) remains within the oversold region.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : October 19, 2021
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