XRP/USD Settles Below $0.80 Level
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Ripple Price Prediction – February 11
The Ripple price prediction shows that XRP is facing the south as further downside may likely cross below the 9-day moving average.
XRP/USD Market
Key Levels:
Resistance levels: $0.95, $1.00, $1.05
Support levels: $0.65, $0.60, $0.55
XRP/USD is sliding towards the 9-day moving average as the coin prepares to revisit the support level of $0.75 before it could start a new increase. After struggling to reach the $0.91 high, the Ripple price begins a steady decline towards the south. Therefore, as the coin faces the bearish movement, it may target the support at $0.75 as the price could move into a short-term bearish zone.
Ripple Price Prediction: Ripple Price Ready for Downward Move
At the time of writing, the Ripple price is currently exchanging hands at $0.77, and any attempt to cross below the 9-day moving average may likely bring it towards the 21-day moving average. However, traders may experience a quick buy if the coin reaches the support at $0.70, but traders should keep their eyes on the resistance levels of $0.95, $1.00, and $1.05.
Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more downfalls for traders, which might cause the price to touch the nearest support and could further drop to $0.65, $0.60, and $0.55 support levels. The technical indicator Relative Strength Index (14) now heads below 60-level as the coin may fall more.
Against Bitcoin, the Ripple price is seen moving in sideways as the coin moves to cross below the 9-day moving average. However, if a rebound comes to play, the coin may face an upward trend, and the bullish continuation may take it to the resistance level of 2000 SAT and above.
Looking at the daily chart, if the bulls failed to hold the bearish movement, it may likely fall towards the 21-day moving average, and the nearest support level lies at 1700 SAT and below. However, the technical indicator Relative Strength Index (14) is crossing below 60-level, which indicates a bearish movement.
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