LONDON, United Kingdom – The XRP’s price continues to vary as it swims across the highs and lows of the charts. Technical analyses show that it might be ready to go back up again. The altcoin’s price rests at $0.43 after hitting $0.44. Things are looking good for Ripple since its price is now within both the 9-day and 21-day moving averages. Looking at it, it seems that the buyers are putting pressure on the market.
An upward momentum can begin if the buyers put more pressure on the market and move the coin price above the 9-day moving average. The first resistance level rests within the 21-day moving average, at $0.60. The second resistance level is $0.65, while the third is $0.70. Experts hope Ripple can break through these levels, especially as the Relative Strength Index (14) moves away from the oversold territory.
On the other hand, if the coin fails to gain upward momentum, it can cause a bearish trend, and it might revisit the support levels of $0.25, $0.20, and $0.15.
Against Bitcoin, the altcoin is also showing positive indications on the charts. Technical analyses show that it might start a bullish trend in the long run. The coin might also move higher if it continues to move within the channel. XRP/BTC price is at 1465 SAT, resting below the 9-day and 21-day moving averages. The Relative Strength Indicator (14) also shows that a possible bullish movement is rising as it moves above level 40. However, if the XRP starts showing bearish movement and cannot break the first resistance level at 1800 SAT, it could dive into the 1200 SAT or lower, starting a downward trend for the altcoin.
You can also expect more movements as the XRP vs. SEC continues to make developments.