XRP/USD Rises above $0.80 Level as Ripple Consolidates
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Ripple Price Prediction – December 18
The Ripple price prediction shows XRP rising with a gain of 3.57% over the past 24 hours as it rises above the $0.80 level.
XRP/USD Market
Key Levels:
Resistance levels: $0.96, $0.98, $1.00
Support levels: $0.68, $0.66, $0.64
XRPUSD – Daily Chart
XRP/USD is likely to hold strong above $0.80 as the coin begins a bullish movement above the 9-day moving average. However, it’s possible that if the resistance level of $0.90 is tested, it’s likely for the Ripple price to break into the upside. On the other hand, if XRP/USD remains below the 9-day and 21-day moving averages, traders can expect the coin to break beneath and the critical support levels could be found at $0.68, $0.66, and $0.64 respectively.
Ripple Price Prediction: What could be the Next Direction for Ripple?
At the time of writing, the Ripple price is hovering at $0.82 with the slightly bullish momentum supported by the 9-day moving average. The resistance levels to look-out for are $0.96, $0.98, and $1.00. The technical indicator is beginning to move gradually upwards as the signal line of the Relative Strength Index (14) is seen crossing above 40-level. However, the bulls may step back into the market and remain in control until a larger divergence to the upside is seen.
Comparing with Bitcoin, the Ripple (XRP) has been slowly grinding higher. After the opening price of 1727 SAT level, the price begins to slowly ascend and it is currently trading around the 1760 SAT. The Ripple price is now contained within the descending channel as traders wait for the bulls to hopefully push the price above the upper boundary of the channel.
XRPBTC – Daily Chart
Moreover, if the bulls can break above the upper boundary of the channel, we can expect initial resistance at 1800 SAT. Above this, higher resistance could be located at 1200 SAT and above. Meanwhile, from below, if the sellers bring the market beneath the 9-day and 21-day moving averages, traders can expect support at 1600 SAT and below. The technical indicator Relative Strength Index (14) is moving to cross above 55-level to confirm the bullish movement.
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