Ripple Price Prediction – September 21
The Ripple price is still trading in a downtrend as the bulls are making a serious effort to protect the nearest support.
Resistance levels: $1.10, $1.20, $1.30
Support levels: $0.74, $0.64, $0.54
XRP/USD is currently trading around the $0.92 resistance level and it may continue to rise if the buyers push the price towards the north. A few hours ago, the recent downtrend brought the Ripple price below the lower boundary of the channel at $0.84 support level and a new monthly low was created near the $0.80 support level.
Ripple Price Prediction: Ripple (XRP) Could Dip More
At the time of writing, the Ripple price still remains at the downside as the bears are likely to push the coin below the lower boundary of the channel. Similarly, the market has seen a sharp decline breaking the $0.85 support level and settled well below the 9-day and 21-day moving averages within the channel. Furthermore, the recent decline keeps the price below the $0.90 level and a new monthly low may likely come to focus.
However, if the bulls manage to climb above the $1.00 resistance level, the market may fuel a bull run to $1.10, $1.20, $1.30 resistance levels and above. As of now, the bulls appeared to be stepping back into the market on a short-term outlook. Therefore, it might be so difficult for the buyers to move the market to the north until they are able to push the price above the 9-day and 21-day moving averages. However, the Relative Strength Index (14) is moving below level 40, which shows that the market is still down.
When compares with Bitcoin, the Ripple (XRP) moves in sideways as the price trades below the 9-day and 21-day moving averages. Now, the bear appears to be stepping back in the market, and we may expect a price drop to the support level of 2100 SAT and below. But at the time of writing, XRP/BTC is changing hands at 2153 SAT.
Nevertheless, if the buyers push the price above the 9-day moving average, the next level of resistance could be found at 2200 SAT and more resistance is at 2400 SAT and above. Therefore, the technical indicator Relative Strength Index (14) moves below 40-level as the market remains at the downside.