Ripple Price Prediction: XRP Settles Above Moving Averages
The Ripple price prediction suggests that XRP is currently settling above the 9-day and 21-day moving averages, indicating a potential upward movement for the coin. Here are the key points to note:
– Ripple’s current price is $0.706 with a market cap of $32.8 billion.
– The circulating supply of Ripple is 52.5 billion, with a total supply of 99.9 billion.
– Ripple is currently ranked #5 on Coinmarketcap.
XRP/USD Market
– The daily chart for XRP/USD shows that the coin has spiked above the 21-day moving average and is attempting to cross above the channel.
– The resistance level of $0.700 is being tested, and if the buyers can keep the coin above the moving averages, it may continue on the upside.
– The Ripple price briefly touched $0.710 before retracing to its current trading price of $0.706.
Ripple Price Prediction: Additional Gain Potential
– If the resistance level of $0.710 is broken, it may signal a Bullrun for Ripple, leading to additional bullish trends.
– Traders may see a rise in the market price if the coin crosses above the upper boundary of the channel.
– Potential resistance levels to watch are $0.850, $0.900, and $0.950.
XRPBTC Market
– Ripple’s price remains above the moving averages against Bitcoin (XRP/BTC) as it aims to reach the resistance level of 2500 SAT.
– If XRP/BTC trades below the moving averages, it may experience a bearish continuation with potential support levels at 2000 SAT and 900 SAT.
– On the other hand, if the coin surpasses the channel’s upper boundary, it could hit the resistance at 3000 SAT and above.
Alternatives to Ripple
– Ripple (XRP) has regained ground and is currently trading at $0.706, above the moving averages.
– However, coin has set a goal to reach a $1 billion market cap and aims to increase its value to $0.50 after launch.
– Coin has raised $13 million so far in the ongoing presale.
Hot Take
The Ripple price prediction suggests that XRP is showing positive signs and may experience further gains. However, it is essential to monitor the resistance and support levels as the market continues to evolve.
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