Ripple Price Prediction – February 25

The Ripple price prediction shows that XRP is rising with a gain of 2.20% over the past 24 hours as it rises above the $0.70 level.

XRP/USD Market

Key Levels:

Resistance levels: $0.85, $0.90, $0.95

Support levels: $0.55, $0.50, $0.45

XRP/USD is trading above the resistance level of $0.70 as the coin heads to the upside. It could be possible that the more the resistance level of $0.70 is tested, the more it is likely to break higher. However, if the Ripple price remains below the lower boundary of the channel, traders could expect the market price to break beneath and this may likely test the critical support levels of $0.55, $0.50, and $0.45.

Ripple Price Prediction: What Could Be the Next Direction for Ripple?

According to the daily chart, the Ripple price is hovering around $0.71 with a slight bullish movement towards the 9-day and 21-day moving averages. However, should in case the bulls put more pressure, the Ripple price may cross above the upper boundary of the channel to hit the resistance levels at $0.85, $0.90, and $0.95.

Moreover, the technical indicator Relative Strength Index (14) is beginning to recover from the downtrend as the signal line is likely to cross above 50-level. However, the bulls may come into focus for a larger divergence to the upside is noticed.

Against Bitcoin, the Ripple price is trading bullishly below the 9-day and 21-day moving averages. After bottoming out around the 1788 SAT, the price begins to slowly ascend and it is currently trading around the 1882 SAT. However, the Ripple price is now contained within the channel as traders wait for the bulls to hopefully push the price above the moving averages.

On the upside, if the bulls can break above this barrier, traders can expect initial resistance at 2000 SAT. Above this, higher resistance could be located at 2100 SAT and above. Alternatively, If the sellers push the market towards the lower boundary of the channel, XRP/USD may hit the critical support at 1600 SAT and below. Meanwhile, the Relative Strength Index (14) is moving towards 60-level and it’s likely to follow a bullish movement.

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By: Azeez Mustapha
Title: Ripple Price Prediction: XRP/USD Trades Above $0.70
Sourced From: insidebitcoins.com/news/ripple-price-prediction-xrp-usd-trades-above-0-70
Published Date: Fri, 25 Feb 2022 21:15:52 +0000