Ripple Price Prediction – June 28th
Ripple price is trading in a downtrend as the bulls make serious efforts to protect support.
XRP / USD market
Resistance Levels: $ 1.00, $ 1.10, $ 1.15
Support levels: $ 0.25, $ 0.20, $ 0.15
XRPUSD – daily chart
XRP / USD is now pulling back to its lower limit. After falling from $ 0.66 today, Ripple is now closer to the $ 0.62 support, which could provide a recovery level for the next bullish rally. Bearish impulse movement has been suspended in the past few days. Should the bears exhaust momentum around the USD 0.50 support level, a bullish continuation is expected.
Ripple Price Prediction: The Price Can Go Up
Ripple price may hover further down, but if the bears are out of breath below the 9- and 21-day moving averages, bullish chase is expected. However, traders should keep an eye on $ 0.85 before printing new highs at the $ 1.00, $ 1.10 and $ 1.15 resistance levels. Nevertheless, the Ripple Bear sets the pace in the long term, but remains in the range with the short-term outlook.
Additionally, once the trade hits the support at USD 0.60, traders should expect a quick buy. And if the price does not recover, then a bearish breakout will likely trigger more selling opportunities for traders, which could cause the price to retest the lows at $ 0.25 and further to $ 0.20 and $ 0.15, respectively could fall. The Relative Strength Index (14) is about to cross the 40 mark. If the price oscillates down in the meantime, the ripple price may fall.
Versus Bitcoin, Ripple (XRP) has fallen dramatically below the 9- and 21-day moving averages in the past few days, but the bulls are trying to get back into the market. Additionally, if the bulls try to get back into the market, we can expect prices to rise to 2400 SAT and 2600 SAT resistance levels.
XRPBTC – daily chart
However, if sellers continue to push the price below the lower bound of the channel within the channel, the next level of support will be at 1600 SAT and further support could be found at 1300 SAT and 1100 SAT. The Relative Strength Index (14) is moving in the same direction around the 36 level, which is likely to cause the market to move sideways.
Do you want to buy or trade Ripple (XRP) now? Invest with eToro!
75% of retail investor accounts lose money when trading CFDs with this provider