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Ripple Price Prediction – October 4
The Ripple price prediction shows XRP currently correcting higher after touching the daily low of $1.01, but the price remains above the moving averages.
XRP/USD Market
Key Levels:
Resistance levels: $1.20, $1.25, $1.30
Support levels: $0.85, $0.80, $0.75
XRP/USD is currently falling towards $1.00 from the opening price of $1.05. However, the bulls are now having a hard time finding support as they move up was simply too steep. Therefore, traders can see that XRP/USD has nearly lost all the gains made since 2 days ago but the bulls could attempt to see a bounce in the next positive movement.
Ripple Price Prediction: Ripple (XRP) May Consolidate
If the Ripple price drops below the $1.00 support level, the pair is likely to locate the $0.90 support, which is the close support level for the bears. A bearish continuation could then bring the market to the critical supports below the lower boundary of the channel at $0.85, $0.80, and $0.75 respectively.
On the contrary, should the bulls resume an upward trend, the price may likely break out towards the channel to hit the potential resistance levels at $1.20, $1.25, and $1.30. Meanwhile, the technical indicator Relative Strength Index (14) may move sideways as the signal line is seen pointing to the east. If the price oscillates downward, the Ripple price may begin to fall.
When compares with Bitcoin, the decline has continued and all support below the 9-day and 21-day moving averages has broken down. Therefore, the price is set to test 2100 SAT if Bitcoin’s gains continue to impact the Ripple price. Meanwhile, the bearish scenario remained dominant within the channel as the sellers continued to put pressure on the market.
However, if the sellers occupy their positions, the Ripple price may drop to the support level of 1900 SAT and below. At present, the technical indicator Relative Strength Index (14) is currently moving below the 45-level, this could keep the coin within the negative side. Meanwhile, any bullish movement above the 9-day and 21-day moving averages may likely push the Ripple price to the higher levels, crossing above the upper boundary of the channel could locate the resistance level at 2400 SAT and above.
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