XRP/USD May Slide Below $1.00 Soon


Ripple Price Prediction – October 27

For the past few days, Ripple price prediction has been unable to develop the upside momentum above $1.20.

XRP/USD Market

Key Levels:

Resistance levels: $1.30, $1.35, $1.40

Support levels: $0.80, $0.75, $0.70

XRPUSD – Daily Chart

XRP/USD touches the area above $1.12 at the opening of the market today, but could not hold the ground and it’s retreating towards $1.00 at the time of writing. However, the Ripple (XRP) has been moving sideways since the beginning of August as the coin now remains at a tight range that is limiting its bullish movements to cross above the 9-day and 21-day moving averages.

Ripple Price Prediction Ripple (XRP) Not Ready for the Upward Movement

According to the daily chart, the Ripple price is seen falling towards the lower boundary of the channel but if the bulls manage to push the market price above the 9-day and 21-day moving averages; they could find the resistance levels at $1.30, $1.35, and $1.40.

Meanwhile, if the market continues to experience the bearish movement, it may likely hit the nearest support below the lower boundary of the channel and a further drop could pull the market to $0.80, $0.75, and $0.70 supports. With the look of things, the technical indicator Relative Strength Index (14) for the coin is sliding towards 40-level, suggesting more bearish signals into the market.

When compares with Bitcoin, the Ripple price keeps moving at the downside, although the price action remains intact below the 9-day and 21-day moving averages. Meanwhile, if the selling pressure continues, the Ripple price may likely create additional low in the next few negative directions. At the moment, the technical indicator Relative Strength Index (14) is seen crossing below 40-level.

XRPBTC – Daily Chart

Therefore, traders may continue to see a negative move in the market and they can as well expect close support at the 1600 SAT on its way below the lower boundary of the channel which could hit the critical support level of 1500 SAT and below. Meanwhile, if a bullish move occurs and validates a break above the 9-day and 21-day moving averages; the coin may begin a bullish movement and the closest resistance level can be located at 2000 SAT and above.

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