XRP Could Fall Below $0.35

Ripple’s price forecast is down 0.85% over the past few hours as the current market value is below $0.38.

Ripple forecast statistics:

  • Current Ripple Price – $0.37
  • Ripple market cap – $18.3 billion
  • Ripple Circulating Supply – 49.1 billion
  • Ripple Total Supply – 99.9 Billion
  • Ripplecoin Marketcap Ranking – 7th

XRP/USD Market

Main levels:

Resistance Levels: $0.50, $0.55, $0.60

Support levels: $0.20, $0.15, $0.10

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XRP/USD is trading below the 9-day moving average at $0.31 and may turn south below this level. However, Ripple’s price is trading downwards and the Relative Strength Index (14) remains below the 40 level. Nonetheless, a bearish move below this barrier could give the market plenty of strength, while a break above the moving averages could give the market an upside.

Ripple (XRP) Range; Madonna Riding a Bull (TAMA)

Ripple’s price continues to show signs of weakness across the market, with the coin falling 0.85% within a range within the market. Therefore, as Ripple price is moving sideways, traders can expect the trend to continue down if the price action is towards the lower end of the channel.

However, a bullish move above the channel cap could strengthen the bullishness and push the price to resistance levels of $0.45, $0.47 and $0.49, while a further bearish move could push the market to $0.30. , $0.28, and the $0.28 support. $0.27.

Compared to Bitcoin, Ripple’s price is below the 9-day and 21-day moving averages. Therefore, if selling pressure builds, XRP/BTC could make new lows by touching the closest support at 1500 SAT. Currently, the technical indicator Relative Strength Index (14) is moving around the 40 level. Traders may continue to see negative movement within the channel if it breaks below the lower boundary of the channel.

XRPBTC – daily chart

However, Ripple (XRP) is currently trading at 1553 SAT, so if the coin breaks below its current value, the market could break to support levels below 1400 SAT. Nevertheless, if Ripple price moves and breaks above the moving averages. The closest resistance level could be at 1800 SAT and above.

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XRP Could Fall Below $0.35

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