Ripple Price Forecast – July 21st
The ripple price will improve as the coin is now up in the intraday range between $ 0.52 and $ 0.58.
XRP / USD market
Resistance levels: $ 0.70, $ 0.80, $ 0.90
Support levels: $ 0.40, $ 0.30, $ 0.20
XRP / USD seeks to position above the 9-day moving average amid a global recovery in critical foreign exchange markets. The seventh-largest digital asset has risen nearly 8.8% in the past 24 hours, touching an intraday peak of $ 0.58 before withdrawing slightly to $ 0.57. At the time of writing, the Ripple price will continue to warm to exceed the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves above 38 levels.
Ripple Price Forecast: Can Ripple Break Above Moving Averages?
Looking at the daily chart above, the red line of the 9-day MA is still below the green line of the 21-day MA to continue the downward movement. However, a breakdown below the $ 0.52 opening price could dictate the direction in which Ripple price can direct. In addition, if the Ripple price falls below this level, it could turn downward and a break above the nine- and 21-day markets could begin to put the coin back on the upside.
At the same time, the XRP / USD needs to cut off the current range in order to break free from the neutral trading condition. Therefore, if buyers can keep the movement above the channel cap, a first resistance level of $ 0.65 could be achieved; all other bullish moves can hit potential resistance at $ 0.70, 0.80, and $ 0.90. The downside is that the $ 0.50 subsidy should be able to keep the current business going. If the market pushes below, the market could change downward and additional support levels are $ 0.40, $ 0.30 and $ 0.20.
Against Bitcoin, the Ripple price is still below the 9-day and 21-day moving averages. At the same time, price activity has remained declining and if sales pressure increases, XRP / BTC price volatility could cause a new monthly low. Currently, the technical indicator Relative Strength Index (14) remains below; traders can see the lateral movement in a short time.
However, Ripple currently trades 1778 SATs, which is below moving averages. Traders can expect close support at 1600 SAT before a breakthrough of 1400 SAT and 1200 SAT. In the event of an upward movement and a fracture above the 9-day and 21-day moving averages, it shall be validated; There may be confirmation of the rise of the market and the next achievable resistance levels are 2200 SAT and 2400 SAT.
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