Ripple Price Prediction – March 17
The Ripple price prediction shows that XRP could renew the bullish trend after testing the support level of $0.82 today.
Resistance levels: $0.95, $1.00, $1.05
Support levels: $0.60, $0.55, $0.50
XRP/USD regains ground after touching the daily low at $0.75 during the European session today. The Ripple price is currently changing hands at $0.79 and despite the recovery, the coin is now hovering above the 9-day and 21-day moving averages.
Ripple Price Prediction: Would Ripple Price Move to the Upside?
According to the daily chart, the Ripple price is moving towards the resistance level of $0.80 as the initial move above the upper could boost the price further up. The Ripple (XRP) hits the daily high at $0.79 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Ripple price stays above the moving averages, and the nearest resistance level could be found at $0.80.
However, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) moves above 40-level, building on the consistent recovery from the downside. Meanwhile, a break above the $0.90 level may most likely push the coin towards the potential resistance levels of $0.95, $1.00, and $1.05 while a drop towards the lower boundary of the channel may lead to the supports of $0.60, $0.55, and $0.50 respectively.
Against Bitcoin, the Ripple price is seen moving sideways around the 9-day and 21-day moving averages. After the coin touches the daily high at 1945 SAT today, the coin later retreated to the low of 1850 SAT. Meanwhile, the price keeps moving sideways as the buyers may put pressure on the market.
Moreover, should the sellers return to the market, the Ripple price may drop to the support of 1600 SAT and below. At the moment, the technical indicator Relative Strength Index (14) stays above 50-level as the market could face the upward movement in the next positive direction while the resistance level could be located at $2200 and above.