XRP Price Prediction – April 10
Ripple (XRP) has fallen by more than 4.69% in the past 24 hours, having dropped below $ 0.199.
XRP / USD market
Resistance levels: $ 0.230, $ 0.240, $ 0.250
Support levels: $ 0.160, $ 0.150, $ 0.140
After falling below $ 0.200, the XRP / USD may continue to show weak prices and fall in support until the market can find a stable level to strengthen the uptrend. For now, a new trough remains to be checked because the bears remain dominant and active during the last days. We may have to wait for the sellers to run out before dreaming. However, shorting XRP may be the best position for now.
However, if the market starts to sell again now, the market could go below the 9 and 21 day moving averages and could find immediate support at $ 0.180 and $ 0.170 while the critical supports are at $ 0.160, $ 0.150 and $ 0.140. However, the XRP / USD pair continued to erode bearishly over the daily period.
In other words, a bullish rally will only confirm if the market can rise significantly above $ 0.210. Meanwhile, the RSI technical indicator (14) goes below level 53. If XRP manages to exceed $ 0.220, it could see resistance levels at $ 0.230, $ 0.240 and $ 0.250.
Compared to Bitcoin, the pair is consolidating within the channel and moving above the 9-day and 21-day moving averages. Meanwhile, buyers are still trying to push the price above the upper limit of the channel and the uptrend could bring it to the resistance levels of 2900 SAT and 3000 SAT respectively.
Meanwhile, any bearish move could likely push the market south, a possible fall could bring the market back to the support levels of 2600 SAT and 2500 SAT. According to the RSI (14), the signal line is moving above level 53, suggesting that more bullish moves may be playing.
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