Prediction of Ripple price - December 15

Ripple's price prediction indicates that XRP has been moving sideways over the last few days, and now the coin appears bullish.

Market XRP/USD

Key Levels:

Resistance levels: $0.96, $0.98 and $1.00

Support levels: $0.68, $0.66, $0.64

After touching the daily low at $0.77, XRP/USD saw a slight increase of about 1.64%. It currently trades at $0.82 and is trying to surpass the 9-day moving mean. The coin continues to struggle to reach the $1.00 mark, as previous attempts have failed. The bulls continue to work towards pushing the coin towards its upper limit.

Ripple Price Prediction: Where will XRP price go next?

The Ripple price has been relatively stable since yesterday. It trades above $0.50, which is a vital level. The technical indicator also shows that the trend towards a downtrend has been halted. The Ripple price touched $0.77 at the beginning of the day, but there is still a slight bullish trend. Bulls are trying to push the Ripple price to $0.85, before bears can reclaim their position.

A significant cross above the moving Averages could support the bulls to a $0.90 top. If XRP surges above $0.95, it could see resistance levels at $0.96 and $0.98 as well as $1.00. A further fall could see the price reach the support levels of $0.68, $0.66 and $0.64. If the technical indicator Relative Strength Index (14) crosses above 40-level, it will likely show bullish signals.

The market price of Bitcoin was trading lower than the moving averages for the past 9 and 21 days. XRP/BTC currently trades at 1691 SAT. We expect a break above these moving averages. The daily chart shows that the bulls are expected to push the market price towards positive territory.

If the market falls and faces the lower border of the channel, then the next support level may be at 1550 SAT or below. A possible rise in the market could lead to a push towards the resistance level at 1850 SAT or higher. The technical indicator Relative Strength Index (14) indicates that the market will likely move in an upward direction as the signal line seeks to remain above 45-level. This could lead to more bullish signals soon.

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By: Azeez Mustapha
Title: Ripple Price Prediction: XRP/USD Trapped Around $0.80
Sourced From: insidebitcoins.com/news/ripple-price-prediction-xrp-usd-trapped-around-0-80
Published Date: Thu, 16 Dec 2021 19:46:08 +0000