Ripple (XRP) Trades Under $0.35 as Tamadoge (TAMA) Heads to the North

Original author: Azeez Mustapha

The Ripple price prediction shows that XRP is down by 0.78% in the last few hours as the current market value goes below $0.35.

Ripple Prediction Statistics Data:

Ripple price now – $0.32
Ripple market cap – $16.3 billion
Ripple circulating supply – 49.6 billion
Ripple total supply – 99.98 billion
Ripple Coinmarketcap ranking – #8

XRP/USD Market

Key Levels:

Resistance levels: $0.38, $0.39, $0.40

Support levels: $0.30, $0.29, $0.28

XRPUSD – Daily Chart

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XRP/USD touches the daily high at $0.33 before giving a bearish signal at the time of writing, the coin is trading below the 9-day and 21-day moving averages as the Relative Strength Index (14) moves to cross below the 40-level. However, any bearish move below the lower boundary of the channel could give the market enough strength to dig dip.

XRP Ready for More Downsides; TAMA Trades Bullishly

The Ripple price is showing a sign of weakness across its markets as the coin is down by 0.78%, reflecting a price drop in the market, and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving sideways, traders can expect the trend to keep moving lower if the price action crosses below the channel.

Meanwhile, a break towards the upper boundary of the channel could strengthen the bulls and could push the price to the resistance levels of $0.38, $0.39, and $0.40, but a breakdown below the channel may lead the market to a bearish scenario where the price could reach the supports at $0.38, $0.39, and $0.40.

Against Bitcoin, the Ripple price is moving sideways within the 9-day and 21-day moving averages. Therefore, if the bears pressurized the market, XRP/BTC may create another low by touching the nearest support at 500 SAT. Now, the technical indicator Relative Strength Index (14) moves to cross above the 40-level; traders may see a positive move within the channel if the bullish pressure increases.

However, the Ripple (XRP) is changing at 816 SAT. If the coin drops below the current value, the market may hit the support at 300 SAT and below. Nevertheless, if the Ripple price moves toward the upper boundary of the channel; traders can then confirm a bull run for the market, and the nearest resistance level is located at 2000 SAT and above.

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