XRP/USD hits as high as $0.85

XRPUSD 27032022

Ripple Price Prediction – March 27

The Ripple price forecast refreshes the bullish trend after crossing the moving averages to hit the daily high at $0.85.

XRP/USD Market

Key Levels:

Resistance Levels: $1.00, $1.05, $1.10

Support Levels: $0.65, $0.60, $0.55

XRPUSD – Daily Chart

XRP/USD is currently tracking an upward roll as the coin moves to move above the upper limit of the channel. Ripple price is hovering above the 9 and 21 day moving averages. However, a possible bullish cross above the channel could keep the coin on the higher side.

Ripple Price Prediction: Ripple (XRP) May Move to the Higher Side

Ripple price is recovering towards the USD 0.85 resistance level at the time of writing. The first break above the 9 and 21 day moving averages pushed the price higher. However, the Ripple (XRP) may create additional highs if the coin remains above the channel. Meanwhile, more hurdles may come into play from above, and of course the closest resistance level may be at $0.85.

However, the trend remains in the hands of the bulls supported by the technical indicator where the Relative Strength Index (14) moves above the 60 level. Meanwhile, a break above the $1.00 and $1.05 resistance levels could most likely push the coin above the potential resistance level of $1.10, while a break below the 9-day and 21-day moving averages could lead to support from $0.65, $0.60 and $0.55 respectively.

Relative to Bitcoin, Ripple price is consolidating upwards and trading below the 9 and 21 day moving averages. Meanwhile, the bears are now pushing the price to the lower end of the channel; if you get close to this barrier, the price could move towards the 1600 SAT and above support level.

XRPBTC – Daily Chart

However, if the coin decides to follow the uptrend, crossing the 9-day and 21-day MAs could push it towards the potential resistance level of 2100 SAT and above. Meanwhile, the Relative Strength Index (14) technical indicator is moving below the 50 level, pointing to more bearish signals.

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