Ripple Price Prediction for Today, May 28: XRP Consolidates Below $0.40

Blockchain Crypto Market Cryptocurrency
May 28, 2022 by CoinSurges
The Ripple price prediction shows that XRP is trading around 137% aiming to cross above the moving averages Ripple Prediction Statistics Data: Ripple price now

The Ripple price prediction shows that XRP is trading around 1.37% aiming to cross above the moving averages.

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Ripple Prediction Statistics Data:

  • Ripple price now – $0.38
  • Ripple market cap – $18.62 billion
  • Ripple circulating supply – 48.34 billion
  • Ripple total supply – 99.89 billion
  • Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.25, $0.20, $0.15

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XRP/USD is currently moving sideways as the coin remains below the 9-day and 21-day moving averages. The bulls are yet to push the price above the moving averages but the price is likely to touch the support at $0.35. However, the technical indicator Relative Strength Index (14) is still below the 40-level, this could allow the market to dig dip towards the lower boundary of the channel.

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Ripple Price Prediction: Ripple Price May Head to the South

At the moment, the Ripple price continues to move sideways as the red line of the 9-day stays below the green line of the 21-day moving average. Looking at the daily chart, the Ripple price is likely to experience a price drop, and the fall might become heavy if the bearish movement plays out.

Therefore, since XRP/USD is moving sideways on the short-term outlook, traders can expect the trend to move higher should the price cross above the 9-day and 21-day moving averages. Moreover, a break to the upside could strengthen bulls and take the Ripple price to the resistance levels of $0.55, $0.60, and $0.65. On the other hand, any bearish movement might lead the market to a bearish scenario and may locate the critical supports at $0.25, $0.20, and critically $0.15.

Compared with Bitcoin, the Ripple price heads to the downside below the 9-day and 21-day moving averages, the price action may continue the bearish movement if the selling pressure continues. At the moment, the signal line of the Relative Strength Index (14) is moving to cross into the oversold region.

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Presently, XRP/BTC is trading at 1328 SAT, any further bearish movement may be below the lower boundary of the channel which could hit the critical support at 1100 SAT and below. Meanwhile, should in case a bullish movement occurs and validates a break above the moving averages; traders may confirm a bullish movement for the market, and the nearest resistance level could be located at 1600 SAT and above.

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