Ripple Price Prediction – December 19
The Ripple price is improving slightly as the coin is now facing up in an intraday zone between $0.80 and $0.85.
Resistance levels: $0.96, 0.98, $1.00
Support levels: $0.68, $0.66, $0.64
XRP/USD struggles to settle above the 9-day moving average amid slight recovery on the cryptocurrency market. The coin is gaining nearly 0.86% in the recent 24 hours to touch the intraday high at $0.86 before retreating slightly to $0.83 where it is currently trading. After staying above the 9-day MA, the Ripple price is still warming up to cross above the 21-day moving average as the technical indicator Relative Strength Index (14) crosses above 40-level.
Ripple Price Prediction: Is Ripple (XRP) Ready for the Upside?
Looking at the daily chart above, the Ripple price stays above the 9-day MA. However, a breakdown below the opening price of $0.82 could dictate the direction in which the Ripple price may head to. Moreover, if the Ripple price collapses beneath this level, it may turn bearish but a break above the 21-day MA could start to put the coin back on the bullish footing.
Meanwhile, XRP/USD needs to break the current range for it to break out of the neutral trading condition. Therefore, if buyers can keep the movement above the moving averages, the first resistance level at $0.90 level could be reached; any further bullish movement may hit the potential resistance at $0.96, $0.98, and $1.00 levels. From below, the support level at $0.70 should be able to hold the current movement. If the market pushes beneath, the market may turn bearish and further support levels may be found at $0.68, $0.66, and $0.64.
Against Bitcoin, the pair is consolidating within the channel as the coin keeps moving above the 9-day and 21-day moving averages. However, the buyers are making effort to push the price upward so that the bullish continuation may take it above the upper boundary of the channel to hit the resistance level of 1900 SAT and above.
Moreover, if the bulls failed to push the price upward, the Ripple price may drop below the moving averages and the nearest support level could be located at 1600 SAT and below. On the contrary, the technical indicator Relative Strength Index (14) is moving to cross above 60-level, suggesting a bullish movement.
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