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Ripple Price Prediction: XRP/USD Faces the Support of $1.00

Ripple Price Prediction – October 18

Looking at the daily chart, the Ripple price is seen crossing below the moving averages with 1.83% as the value touches $1.03 support.

XRP/USD Market

Key Levels:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.90, $0.85 $0.80

XRP/USD is slowly declining below the 9-day and 21-day moving averages as the coin might drop below $1.00 support. After struggling to stay above $1.11, the Ripple price begins a slow and steady decline towards the lower boundary of the channel to move into a short-term bearish zone.

Ripple Price Prediction: Ripple (XRP) May Create More Supports

At the time of writing, the Ripple price is currently exchanging hands at $1.07 and any attempt to make it cross below the lower boundary of the channel may give room for more downsides as the price could fall below the crucial $1.00 support level.  However, traders may need to wait for a bullish cross above the 9-day and 21-day moving averages before creating a new bullish trend towards the resistance levels of $1.25, $1.30, and $1.35.

On the contrary, the market may experience a quick buy once the trade reaches the support at $1.00. But if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for traders, which could cause the price to retest the support level of $0.95 and could further drop to $0.90, $0.85, and $0.80 support levels respectively. The technical indicator Relative Strength Index (14) is moving below 50-level, suggesting more bearish signals for the market.

When compares with BTC, the Ripple price is down as the coin stays below the 9-day and 21-day moving averages. If the selling pressure continues, the Ripple (XRP) may create a new low as the technical indicator Relative Strength Index (14) moves into the oversold region. Meanwhile, traders may expect close support at 1600 SAT and below if the pair slides below the lower boundary of the channel.

However, if a bullish movement triggers above the 9-day and 21-day moving averages; traders can confirm a bullish movement for the market which could locate the resistance level at 1900 SAT and above.

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Ripple Price Prediction: XRP/USD Faces the Support of $1.00

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