XRP/USD Consolidating Above $0.80, Expecting a Bullish Rally

XRPUSD 23032022

Ripple Price Prediction – March 24

The Ripple price forecast may hit another higher high as the price moves towards the $0.90 resistance level.

XRP/USD Market

Key Levels:

Resistance Levels: $1.00, $1.05, $1.10

Support Levels: $0.65, $0.60, $0.55

XRPUSD – Daily Chart

At the time of writing, the price movement is in the hands of bulls as a slight increase in price is observed for XRP/USD. The coin is currently trading at $0.84, and a breakout above this point could propel Ripple price towards a higher level of $0.90. Ripple price is currently hovering above the 9-day and 21-day moving averages at the time of writing and this confirms that bulls are dominating the market.

Ripple Price Prediction: Ripple (XRP) May Rise Above $0.90

According to the daily chart, Ripple price should break the $0.90 mark for good. Meanwhile, XRP/USD has broken through the critical resistance level of USD 0.85 in recent hours but has failed to close above it. On the downside, the coin could likely move below the moving averages, which could send the price towards $0.80, and breaking this barrier could push it towards the $0.65, $0.60 and USD support levels, respectively. bring 0.55.

However, the buyers need to make a sustainable move above $0.90 as soon as possible to resume the uptrend. Meanwhile, in order for the upside to gain momentum, XRP/USD needs to regain ground above $0.95 while the resistance levels of $1.00, $1.05 and $1.10 are the ultimate targets for the bulls.

Against Bitcoin, the Ripple (XRP) crosses below the 9 and 21 day moving averages while the Relative Strength Index (14) technical indicator dips below the 50 level. The price is slowly starting to fall and is currently trading around the 1926 SAT. Additionally, Ripple price is now in the channel as traders wait for bulls to hopefully push the price back above the moving averages.

XRPBTC – Daily Chart

However, if the bulls step back into the market and push the coin towards the upper limit of the channel, traders can expect initial resistance at 2000 SAT. Above that is a higher resistance around 2200 SAT and above. On the flip side, if the sellers drag the market price to the lower bound of the channel, it could hit the support at 1700 SAT and below.

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