XRP/USD May Need To Close Above $1.00 for Greater Recovery

Ripple Price Prediction – December 22

The Ripple price prediction shows that XRP trading in the positive territory, with gains of some 1.12%.

XRP/USD Market

Key Levels:

Resistance levels: $1.10, $1.15, $1.20

Support levels: $0.80, $0.75, $0.70

XRP/USD is currently moving from the low of $0.92 to touch an intraday high at $0.98. While the coin has retreated to $0.95 at the time of writing, the pair retains bullish momentum. In the short term, XRP/USD has gained more than 1.12% within 24 hours. Meanwhile, the bulls need a daily break and closure above $1.00 to invite greater buying momentum.

Ripple Price Prediction: XRP May Skyrocket to the Upside

At the moment, the Ripple price of the coin is changing hands at $0.95 level and the bulls are still pushing the price towards the north. In other words, if the price moves below the 9-day and 21-day moving averages and breaks down the lower boundary of the channel; the price could be pushed to the support levels of $0.80, $0.75, and $0.70.

Moreover, the technical indicator Relative Strength Index (14) is moving towards the 60-level which confirms the bullish trend that may take the coin to the nearest resistance level of $1.00, further resistance could be found at $1.10, $1.15, and $1.20 levels as the red-line of the 9-day moving average is likely to cross above the green-line of the 21-day moving average.

When compares with Bitcoin, the pair is consolidating within the channel and moving above the 9-day and 21-day moving averages. Meanwhile, the buyers are still pushing the price towards the upper boundary of the channel and the bullish continuation may take it to the resistance levels of 2100 SAT and 2200 SAT respectively.

XRPBTC – Daily Chart

Meanwhile, any bearish movement may drag the market towards the south and a possible fall could bring the market to the support levels of 1800 SAT and 1600 SAT. According to the technical indicator Relative Strength Index (14), the signal line is moving into the overbought region, which may continue to give bullish signals into the market.

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