Ripple Price Prediction – November 28
According to the daily chart, the Ripple price is currently trading below $1.00 as further downside could reach another support level of $0.85.
Resistance levels: $1.21, $1.26, $1.31
Support levels: $0.66, $0.61, $0.56
XRP/USD is seen sliding below the 9-day and 21-day moving averages as the coin prepares to touch the support level of $0.90 before it could start another increase. After the Ripple price struggles to reach the $0.95 high today, the coin begins a decline towards the south. Therefore, as the coin faces the bearish movement, it may target the key support at $0.80 and the price could move into a short-term bearish zone.
Ripple Price Prediction: Ripple Price May Continue to go Down
At the time of writing, the Ripple price is currently exchanging hands at $0.92 and any attempt to stay below the 9-day and 21-day moving averages may likely bring it towards the lower boundary of the channel. However, traders may experience a quick buy if the trade reaches the support at $0.80 but traders should keep their eyes on the resistance levels of $1.21, $1.26, and $1.31.
Moreover, if the price fails to rebound, more bearish trend is likely to trigger more selling opportunities for traders and this might cause the price to retest $0.80 and could further drop to $0.66, $0.61, and $0.56 support levels respectively. The technical indicator Relative Strength Index (14) is likely to cross into the oversold region and once this done, the coin may fall more.
Against Bitcoin, the Ripple price is seen moving down as the coin remains below the 9-day and 21-day moving averages. However, if this downward movement continues to play out, the Ripple price may face additional downtrend and this could take the coin to the support level of 1500 SAT and below.
However, if the bulls regroup and hold the current market movement, the coin may likely rise towards the upper boundary of the channel and the nearest resistance level lies at 1900 SAT and above. On the contrary, the technical indicator Relative Strength Index (14) is seen moving towards the oversold region, which indicates a downward movement.
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