Ripple Price Prediction – January 13
Resistance levels: $0.90, $0.95, $1.00
Support levels: $0.65, $0.60, $0.55
XRP/USD may continue to trade below the 9-day and 21-day moving averages if the support level of $0.75 failed to hold the selling pressure. At the time of writing, the coin is likely to cross below the 9-day moving average to head towards the lower boundary of the channel. At the time of writing, the technical indicator Relative Strength Index (14) is also seen heading to the downside as the signal line prepares to cross below 40-level.
Ripple Price Prediction: Ripple (XRP) May Revisit the $0.70 Support
According to the daily chart, the Ripple price is witnessing another bearish drive towards the south, currently trading at $0.76 level with a loss of 3.72%. However, since the 9-day moving average remains below the 21-day moving average, traders may expect the coin to drop a little bit more before getting to the lower boundary of the channel.
Moreover, a channel breakdown could strengthen the bears, and this could push the price to the support levels of $0.65, $0.60, and $0.55, or a break above the 21-day moving average might lead the market in a bullish scenario if the price follows the upward trend to hit the nearest resistance near the upper boundary of the channel at $0.90, $0.95, and $1.00 support levels.
Against Bitcoin, the Ripple price is seen consolidating within the 9-day and 21-day moving averages. However, if the bulls could energize and push the price above the moving averages and move towards the upper boundary of the channel, the Ripple price may likely hit the resistance level of 1900 SAT and above.
On the contrary, if the bulls fail to halt the selling pressure and allow the coin to head towards the lower boundary of the channel, the coin may follow a downward trend and the nearest support level could be located at 1700 SAT and below. More so, the Relative Strength Index (14) seems to be giving a negative direction as the signal line is likely to move below 50-level, suggesting a bearish signal for the coin.
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