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Ripple Price Prediction – October 21
The Ripple price is facing the south as further downside may likely reach the critical support level at $1.00.
XRP/USD Market
Key Levels:
Resistance levels: $1.28, $1.30, $1.32
Support levels: $0.93, $0.91, $0.89
XRP/USD is seen sliding below the 9-day and 21-day moving averages as the coin prepares to revisit the support level of $1.00 before it could start another increase. After struggling to reach the $1.18 high today, the Ripple price begins a slow and steady decline towards the south. Therefore, as the coin faces the bearish movement, it may target the key support at $1.00 and the price could move into a short-term bearish zone.
Ripple Price Prediction: Ripple Price May Go Down
At the time of writing, the Ripple price is currently exchanging hands at $1.10 and any attempt to stay below the 9-day and 21-day moving averages may likely bring it towards the the lower boundary of the channel. However, traders may experience a quick buy if the trade reaches the support at $1.00 but traders should keep their eyes on the resistance levels of $1.28, $1.30, and $1.32.
Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the price to retest $0.95 and could further drop to $0.93, $0.91, and $0.89 support levels respectively. The technical indicator Relative Strength Index (14) is moving below 55-level and if the signal line moves downward, the coin may fall more.
Against Bitcoin, the Ripple price is seen moving up as the coin stays below the 9-day and 21-day moving averages. However, if this rebound continues to play out, the Ripple price may face an upward trend and the bullish continuation could take the coin to the resistance level of 1900 SAT and above.
However, if the bulls failed to hold the bearish movement, the coin may likely fall below the lower boundary of the channel and the nearest support level lie at 1600 SAT and below. On the contrary, the technical indicator Relative Strength Index (14) is seen moving out of the oversold region, which indicates an upward movement.
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