Ripple Price Predictions - December 1

The daily chart shows that Ripple is consolidating around moving averages with 0.555% as the value reaches $0.97 support.

Market XRP/USD

Key Levels:

Resistance levels: $1.20 - $1.25 - $1.30

Support levels: $0.80, $0.75 $0.70

Daily Chart XRPUSD

Ripple Price Prediction: Ripple XRP May Rally to the Upside

Ripple is trading at $1.01 at the time of writing. Any attempt to push it above the 21-day moving mean may yield more upsides, as the price could remain above the $1.00 resistance level. Traders may have to wait until a bullish crossing above the moving averages, before creating a new bullish tendency towards the resistance levels at $1.20, 1.25, and 1.30.

The market could experience a quick buy if it reaches $1.10 resistance. If the bulls fail to push the price up, traders may experience a quick buy. This could trigger another selling opportunity for the coin, which could cause it to touch the support level at $0.90. It could also drop to $0.80 and $0.75 support levels. The technical indicator Relative strength Index (14) has crossed above 50, which suggests more bullish signals for market.

Comparing with BTC, Ripple's price is still lower as it dips below the 9-day & 21-day moving averages. The Ripple (XRP), if the selling pressure continues to build, may reach a new low. Technical indicator Relative Strength Index (14) will likely cross below 40-level. If the coin is facing the lower boundary of this channel, traders can expect support at 1600 SAT or below.

Daily Chart XRPBTC XRPBTC

If a bullish move occurs above the channel's upper boundary, traders can confirm a bullish market movement and locate the resistance level at 1900 SAT or higher.

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By: Azeez Mustapha
Title: Ripple Price Prediction: XRP/USD Seeks Fresh Rally Towards $1.05
Sourced From: insidebitcoins.com/news/ripple-price-prediction-xrp-usd-seeks-fresh-rally-towards-1-05
Published Date: Wed, 01 Dec 2021 20:12:33 +0000