Ripple Price Prediction November 19

Ripple's price prediction indicates that XRP is moving higher, with 4.95% gains, as the coin faces the north.

Market XRP/USD

Key Levels:

Resistance levels: $1.25 - $1.30 - $1.35

Support levels: $0.85, $0.80, $0.75

The daily chart below shows that XRP/USD has reached a daily high at $1.11 today after market openings. Today's European session saw Ripple prices touch $1.00 below their 9-day and 21 day moving averages. Today's push higher allows XRP/USD rise above $1.00. The market may be able to attract buyers if it bounces towards the moving averages.

Ripple price prediction: Ripple price is ready for more downs

The Ripple price is likely to continue following the downtrend at the time of writing. If XRP/USD is to experience a change in momentum, bulls will need to push it above the 9-day or 21-day moving ranges. Otherwise, it may trade higher. The channel's upper boundary could serve as a resistance level. A bullish breakout above moving averages could see XRP reach potential resistance levels at $1.25, $1.30 and $1.35 if the technical indicator Relative Strength Index (14) takes a quick turn higher than 40-level.

After holding above $1.00, XRP/USD trades at $1.09 as of the writing. A bearish move towards the channel's lower boundary could cause Ripple to fall and reach support levels of $0.85 and $0.80 respectively.

Ripple (XRP), which is compared to Bitcoin, still shows some positive signs. The bullish trend will likely continue for the long-term, and the coin will move within the channel to higher levels. XRP/BTC currently trades at 1884 SAT, above the 9-day & 21-day moving averages.

The resistance level is at 2000 SAT or above, but bearish movements may bring the coin to 1650 SAT or below. The technical indicator Relative Strength Indice (14) is above 50-level suggesting a bullish market movement.

-------------------------------------

By: Azeez Mustapha
Title: Ripple Price Prediction: XRP/USD Keeps the Price Above $1.10
Sourced From: insidebitcoins.com/news/ripple-price-prediction-xrp-usd-keeps-the-price-above-1-10
Published Date: Fri, 19 Nov 2021 20:27:51 +0000