Ripple Price Prediction: XRP/USD Touches $1.24 High

Ripple Price Prediction – November 3

The Ripple price prediction has been following sideways movement over the past few days as the coin now appears to be resuming a bullish run.

XRP/USD Market

Key Levels:

Resistance levels: $1.35, $1.40, $1.45

Support levels: $1.00, $0.95, $0.90

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD has seen a small increase of around 2.91% as the market opens today and it currently trades at $1.16 above the 9-day and 21-day moving averages. In the past few days, the coin faced hard times moving above the $1.20 level as the previous attempts so far have failed. Despite this, XRP/USD is still making an effect to cross above the moving averages.

Ripple Price Prediction: Ripple Price Ready to Break Higher

Since the past few days, the Ripple price is now becoming strong to the extent that it is trading above the vital $1.10 have been acutely steady. At the same time, the movement to a downward trend has been cut short as reveals by the technical indicator. In the early hours of today, the Ripple price touches the low of $1.10 but still maintaining the bullish movement. Therefore, bulls had already taken the price up to $1.24 before retreating back to where it is currently trading.

At the time of writing, a significant move towards the upper boundary of the channel could sustain the bulls to a $1.30 high. Meanwhile, if XRP manages to surge above $1.25, it may see the resistance levels at $1.35, $1.40, and $1.45, though a further drop may take the price to the support levels $1.00, $0.95, and $0.90. The technical indicator Relative Strength Index (14) is showing some bullish signals by crossing above 60-level.

Against Bitcoin, before this time, the market price was moving bearishly and trading below the 9-day and 21-day moving averages. For now, the red-line of the 9-day MA is likely to cross above the green-line of the 21-day MA while the Ripple price is also trading at 1877 SAT and expecting a break towards the upper boundary of the channel. Now, looking at the daily chart, traders can see that the bulls are struggling to push the market price above the moving averages.

XRPBTC – Daily Chart

However, if the market drops below the 9-day and 21-day moving averages, the next key support level may be located at 1600 SAT and below. On the bullish side, the continuation of the bullish movement could push the market to the resistance level of 2100 SAT and above as the signal line of the Relative Strength Index (14) crosses above 50-level, suggesting more bullish signals into the market.

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