Ripple Price Prediction: XRP/USD Settles Below $1.26 Level

Ripple Price Prediction – August 22

The Ripple price is facing the south as further downside may likely reach the critical support level at $1.00.

XRP/USD Market

Key Levels:

Resistance levels: $1.45, $1.50, $1.55S

Support levels: $0.95, $0.90, $0.85

XRPUSD – Daily Chart

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XRP/USD is seen sliding below the 9-day moving average as the coin prepares to revisit the support level of $1.00 before it could start a new increase. After struggling to reach the $1.26 high, the Ripple price begins a slow and steady decline towards the south. Therefore, as the coin faces the bearish movement, it may target the key support at $1.00 as the price could move into a short-term bearish zone.

Ripple Price Prediction: Is Ripple Price Ready for Downward Move?

At the time of writing, the Ripple price is currently exchanging hands at $1.19 and any attempt to stay 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 trade reaches the support at $1.15 but traders should keep their eyes on the resistance levels of $1.45, $1.50, and $1.55.

Moreover, if the price fails to rebound, a bearish breakout is likely to trigger more selling opportunities for traders, which might cause the price to retest $1.00 and could further drop to $0.95, $0.90, and $0.85 support levels respectively. The technical indicator Relative Strength Index (14) keeps moving below 70-level and if the signal line moves downward, the coin may fall more.

Against Bitcoin, the Ripple price is seen moving in sideways as the coin stays 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 levels of 2800 SAT and 3000 SAT respectively.

XRPBTC – Daily Chart

Looking at the daily chart, if the bulls failed to hold the bearish movement, the coin may likely fall towards the 21-day moving average and the nearest support levels lie at 2200 SAT and 2000 SAT. However, the technical indicator Relative Strength Index (14) is seen moving to cross below 60-level, which indicates a downward movement.

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