XRP/USD Spikes to Touch $0.710 Resistance

On Jul 13, 2023

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The Ripple price prediction shows that XRP is settling above the 9-day and 21-day moving averages as the coin heads to the upside.

Ripple Prediction Statistics Data:

Ripple price now – $0.706
Ripple market cap – $32.8 billion
Ripple circulating supply – 52.5 billion
Ripple total supply – 99.9 billion
Ripple Coinmarketcap ranking – #5

XRP/USD Market

Key Levels:

Resistance levels: $0.850, $0.900, $0.950

Support levels: $0.350, $0.300, $0.250

XRPUSD – Daily Chart

XRP/USD spikes above the 21-day moving average as the coin moves to cross above the channel. The cryptocurrency is trying to create a higher ground above the resistance level of $0.700, and should the buyers keep the coin above the moving averages, it may remain on the upside. Today, an early trading session makes the Ripple price touch the $0.710 level before rebounding to where it is trading currently at $0.706.

Ripple Price Prediction: Would Ripple Create Additional Gain?

The Ripple price may stay above the moving averages and if the resistance of $0.710 gives way, the Bullrun may come to focus, and the coin may create an additional bullish trend. Now, the bullish scenario seems to surface as buyers continue to post firm commitments into the market. According to the daily chart, traders could see another rise in the market price. Therefore, if the coin crosses above the upper boundary of the channel, it could further strengthen the market to the resistance levels of $0.850, $0.900, and $0.950 respectively.

Nonetheless, a lower possible swing may likely retest the previous support below the 9-day moving average. However, if the sellers manage to fuel the market, traders may expect a further drop to the support levels of $0.350, $0.300, and $0.250 respectively. On the other hand, the technical indicator Relative Strength Index (14) is now moving within the overbought region, indicating that the market may retain the bullish trend.

When compares with Bitcoin, the Ripple price remains above the 9-day and 21-day moving averages in other to reach the resistance level of 2500 SAT. However, this resistance level is expected to effectively exceed so that the market price may end up closing above it.

On the other hand, if XRP/BTC trades below the moving averages, it could refresh lows under 2000 SAT and a possible bearish continuation may likely meet the major support at 900 SAT and below. But, if the coin moves above the upper boundary of the channel, it could hit the potential resistance at 3000 SAT and above. However, the technical indicator Relative Strength Index (14) is moving within the overbought region, indicating that the market may give more bullish signals.

Alternatives to Ripple

The Ripple (XRP) regains ground after opening today’s trade at $0.471 to touch the daily high of $0.710. It is currently changing hands at $0.706 and with this recovery, the coin is now hovering above the 9-day and 21-day moving averages, aiming to create additional gains.

However, Wall Street Memes has stated that its goal is to reach a $1 billion market cap. So, to reach a market cap of $1 billion, the token has to 15x in value to $0.50 after launch as close to $13 million has been raised so far in the ongoing presale.

Wall Street Memes – Next Big Crypto