ripple

Jun 11 2021

Ripple Price Prediction: XRP/USD Drops Below $0.89

Ripple Price Prediction – June 11

The Ripple price is down by 1.28% in the last few hours as the current market value has gone below $0.86.

XRP/USD Market

Key Levels:

Resistance levels: $1.17, $1.27, $1.37

Support levels: $0.60, $0.50, $0.40

XRP/USD touches the daily high at $0.89 before giving a bearish signal at the time of writing, the coin is trading below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) keep moving sideways below 45-level. Meanwhile, a break below this level could give the market enough strength to dig dip, but crossing above the 9-day and 21-day moving averages might lead the market to a bullish scenario.

Ripple Price Prediction: Price May Consolidate to the Downside

At the moment, the Ripple price is demonstrating a sign of weakness across its markets. Looking at the daily chart, XRP/USD market is down by 1.28%, reflecting a price drop in the market and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions still remain below 9-day and 21-day MAs.

Meanwhile, a break above the moving averages could strengthen the bulls and could push the price to the resistance levels of $1.17, $1.27, and $1.37, or a breakdown might lead the market in a bearish scenario if the price continues to fade, the price may likely reach the supports at $0.60, $0.50, and $0.40.

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Against BTC, the Ripple price is sliding below the 9-day and 21-day moving averages. Therefore, if the selling pressure continues, the XRP price variation may create another low. At the moment, the technical indicator Relative Strength Index (14) is crossing into the negative side; we may continue to see a negative move in the market as much as the coin continues to trade around the lower boundary of the channel.

However, the Ripple (XRP) is currently hovering at 2292 SAT and if the coin crosses below the channel, traders may expect close support at 2200 SAT before breaking to 1800 SAT and below. More so, should in case a bullish movement occurs and break above the 9-day and 21-day MAs; we can then confirm a bull-run for the market and the nearest resistance levels lie at 2800 SAT and above.

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Ripple Price Prediction: XRP/USD Drops Below $0.89

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Jun 07 2021

Ripple Price Prediction: XRP/USD Moves Sideways as Price Holds $0.90

Ripple Price Prediction – June 7

The Ripple price is slightly bullish as the market continues to respect the $0.90 support and likely builds momentum to push to the $1.20 mark next term.

XRP/USD Market

Key Levels:

Resistance levels: $1.20, $1.30, $1.40

Support levels: $0.65, $0.55, $0.45

XRP/USD has been trading sideways since a few days ago, losing around 0.59% during the negotiation today. Looking at the daily chart, our Ripple price prediction proved XRP/USD has been dropping after a bullish rally that occurred yesterday. At the moment, the bulls are making an attempt to come back into the market with a cross above the 9-day and 21-day moving averages, which may head towards the resistance level of $1.00. Meanwhile, the Ripple price prediction shows that the coin hovers below the moving averages.

Ripple Price Prediction: Can Ripple Move Above $1?

The Ripple (XRP) remains the seventh-largest cryptocurrency with a market cap of $43.4 million. The Ripple price has seen a slight increase in the market yesterday and it is currently trading around $0.94. In the meantime, XRP/USD may continue to a sideways movement before any breakout or breakdown of the channel.

Moreover, should in case the Ripple price breaks above the 9-day and 21-day moving averages, the resistance levels of $1.20, $1.30, and $1.40 could be visited. Meanwhile, for a backward movement, the market can be supported at $0.65 and $0.55 and if the price falls below the previous levels, another support is around $0.45 while the Relative Strength Index (14) is moving in the same direction below the 45-level.

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When compares with Bitcoin, the Ripple price is currently changing hands at 2624 SAT and it’s trading around the 9-day and 21-day moving averages. Therefore, if the above-mentioned level can serve as the market support, the Ripple price may likely face the key resistance at 3000 SAT. By reaching this level, XRP/BTC could hit the resistance level of 3300 SAT and above.

However, if the bulls fail to push the price above the 9-day and 21-day MAs, the market may continue its downtrend and the pair could probably record further declines below the lower boundary of the channel. Breaking this barrier could further push the market to the nearest support level of 2100 SAT and below while the signal line of the Relative Strength Index (14) moves in the same direction within the 50-level.

Ripple Price Prediction: XRP/USD Moves Sideways as Price Holds $0.90

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Jun 02 2021

Investors cautiously re-enter crypto funds while ETH vehicles show strength

A new report from analytics firm Coinshares shows that while the market dip may not have ended, prices are now at levels where stock market investors are once again showing signs of interest in digital asset funds.

A report published yesterday from Coinshares shows that multiple funds have begun seeing net inflows after weeks of record outflows in the wake of a crippling, market-wide crypto dip. In totally, legacy markets poured in $74 million into crypto investment vehicles, though not all products showed signs of strength.

Cryptocurrencies show inflows after record outflows in previous two weeks.

Ethereum investment product market share at record high 27%.https://t.co/xhzVCkBjM9 pic.twitter.com/Dw2WrdA2Rs

— unfolded. (@cryptounfolded) June 2, 2021

While some analysts are calling for Bitcoin as low as $16,000 per BTC, Bitcoin products were among the weakest performers, with $4 million in net outflows. The report notes that altcoins — particularly more environmentally friendly proof-of-stake altcoins — were strong performers, with Cardano, Ripple, and Polkadot funds each seeing above $3 million in inflows.

The true star of the report is Ethereum, however. ETH vehicles saw a total of $47 million in inflows, making up the majority of net digital asset fund investments and bringing ETH vehicle market dominance up to 27%.

The bullish outlook from investors on the asset comes after a string of bullish reports from academic and institutional finance research desks. Last week both the University of Pennsylvania and Goldman Sachs wrote research arguing for Ethereum as a store of value, in part due to its importance to the DeFi ecosystem.

The world’s largest layer one smart contract platform also has a number of technical advancements and headwinds on the horizon. Layer two scaling solution Arbitrum recently went live with a guarded launch, and the long-awaited gas fee overhaul of EIP-1559 is set for later this year, as well as a likewise much-anticipated transition to a proof-of-stake consensus model.

Investors cautiously re-enter crypto funds while ETH vehicles show strength

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Jun 02 2021

Ripple Price Prediction: XRP/USD Settles Above $1 as Price Consolidates

Ripple Price Prediction – June 2

For the past few days, the Ripple price has been unable to develop bullish momentum above the $1.20 resistance level.

XRP/USD Market

Key Levels:

Resistance levels: $1.28, $1.38, $1.48

Support levels: $0.70, $0.60, $0.50

XRP/USD is bullish as the market retraced to $0.96 support and currently prepares to move higher again. Therefore, we expect the Ripple price to move higher later today and push towards the $1.20 level. Although XRP/USD opened yesterday at $1.01 after a bearish closing price, since then, the market has moved sideways as the bulls prepare to rise. Therefore, we expect XRP/USD to rise to the next target at $1.20 in the next 24 hours.

Ripple Price Prediction: Next Direction for Ripple?

If the bulls manage to keep the Ripple price above the 21-day moving average; they may likely find the resistance levels of $1.28, $1.38, and $1.48. Meanwhile, if the market begins to experience the bearish movement, it may likely hit the nearest support below the 9-day and 21-day moving averages and a further drop could pull the market to $0.70, $0.60, and $0.50 supports. Meanwhile, the technical indicator Relative Strength Index (14) is slowly moving below the 50-level, suggesting sideways movement.

When compares with Bitcoin, Ripple’s price is still pointing down based on the technical indicator, although price movement around the 9-day and 21-day moving averages has remained intact. Therefore, if the selling pressure continues, the Ripple price volatility is likely to create a new low in the coming trading days.

At this time, the technical indicator Relative Strength Index (14) is hovering above the 50-level; Traders could continue to see negative market movement soon if the signal line crosses below the 50-level and can also expect close support at 2550 SAT if the market price dip below the lower boundary of the channel to reach critical support at 2200SAT and below.

However, when an upward movement occurs and confirms a breakout well above the 9-day and 21-day moving averages; Traders can confirm a bull run for the market, and the next resistance levels are located at 3300 SAT and above.

Ripple Price Prediction: XRP/USD Settles Above $1 as Price Consolidates

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May 28 2021

Ripple Price Prediction: XRP/USD Records Intraday Low Around $0.86

Ripple Price Prediction – May 28

The Ripple price is hovering at $0.86 as it lacks imminent support and therefore, trades in the red with dense selling pressure.

XRP/USD Market

Key Levels:

Resistance levels: $1.32, $1.52, $1.62

Support levels: $0.50, $0.40, $0.30

XRP/USD has been facing a market-wide struggle and it is likely to stay here for some more days. The current movement at the lower side of 9-day and 21-day moving averages may hint towards Ripple’s upcoming surge. Following the path of all other coins, Ripple has also made a cut of 11.26% in the last 24 hours and the value touched $0.82 support.

Ripple Price Prediction: Ripple Price May see a further Downside

As the daily chart reveals, the Ripple price is changing hands at $0.865 and any attempt to make it cross below the lower boundary of the channel may open the doors for more downsides and the price could spike below the $0.70 support level. However, traders should keep eye on the $0.80 before creating a new bullish trend at the resistance levels of $1.32, $1.52, and $1.62.

Furthermore, we may experience a quick buy once the trade reaches the support at $0.75. Therefore, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities within the market, which might cause the price to retest at $0.50 and could further drop to $0.40 and $0.30 support levels respectively. The Relative Strength Index (14) nosedives to 39-level suggesting that XRP/USD may fall more.

Comparing with Bitcoin, XRP moves at the downside, actually, the price action has remained intact within the channel. If the selling pressure continues, the Ripple price variation may close this month with a new low. At the moment, the Relative Strength Index (14) is moving below the 50-level; traders may continue to see a negative move in the market in as much as the 9-day (red-line) moving average stays below the 21-day (green-line) moving average.

However, the Ripple is currently hovering around the lower boundary of the channel at 2487 SAT. We may expect close support at the 2400 SAT before breaking to 2200 SAT and critically 1900 SAT levels. Should in case a bullish movement occurs and validates a break above the 9-day and 21-day moving averages; we can then confirm a bull-run for the market and the nearest resistance levels to reach lies at 3000 SAT and above.

Ripple Price Prediction: XRP/USD Records Intraday Low Around $0.86

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