Ripple Price Prediction: XRP/USD Trades Around $1.14 Resistance
Ripple Price Prediction – October 25
The Ripple price renews the bullish trend after testing the support level of $1.04 since the European session.
Resistance levels: $1.25, $1.30, $1.35
Support levels: $0.95, $0.90, $0.85
XRP/USD is currently moving sideways after plunging under $1.10 to test support at $1.04 a few hours ago. The Ripple price stays below the 9-day and 21-day moving averages, been purged from highs above the moving averages. However, a monthly high trades at $1.10 marks the end of the bullish action towards $1.20 today and this now paves the way for losses under $1.05.
Ripple Price Prediction: Ripple (XRP) May Range-bound
The Ripple price begins an intriguing recovery towards a $1.15 resistance level as the initial break above the 9-day and 21-day moving averages could boost the price to the upside. However, the Ripple (XRP) hit above $1.10 before retreating back to where it is currently trading at $1.09. Meanwhile, from above, more hurdles may come into play above the 9-day and 21-day moving averages and of course, the nearest resistance level is located at $1.12.
However, the trend remains in the range supported by the technical indicator where the Relative Strength Index (14) is moving in the same direction above 50-level, building on the consistent recovery from the downside. The Ripple’s bullish scenario is emphasized by the RSI (14) indicator as it could extend the action towards the north.
Meanwhile, a break above 9-day and 21-day moving averages may most likely push the coin above the potential $1.25, $1.30, and $1.35 resistance levels while a break below the lower boundary of the channel could lead to the supports of $0.95, $0.90, and $0.85 respectively.
Against Bitcoin, the pair is consolidating to the downside and trading below the 9-day and 21-day moving averages. Meanwhile, the bears are now pushing the price towards the lower boundary of the channel; breaking below the channel could bring the price to the support level of 1600 SAT and below.
However, if the XRP/BTC decides to follow the uptrend, crossing above the 21-day moving average could push it to the potential resistance level of 1900 SAT and above. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross into the oversold zone, suggesting more bearish signals.
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Author: Azeez Mustapha