The price of Ripple (XRP) is stuck below its 21-day moving average as buyers try to keep the XRP price above the moving average. If buyers are successful, XRP will rise to its previous lows.

For now, the upward movement stopped at the high of $0.80. Once the initial resistance is overcome, the cryptocurrency will rise to retest or break the resistance levels of $0.90 and $1.00. If the bulls break the overwhelming resistance at $1.00, XRP/USD will remove the downside correction. Today, XRP fell below its 21-day moving average. This means that it will be forced to move between the moving averages. Once the moving average is broken, the cottage coin will trend. In other words, when XRP trades between moving averages, buyers and sellers will reach equilibrium. At the time of this writing, the cryptocurrency is trading at $0.77.

Ripple Indicator Analysis

Ripple was at the 52 level of the Relative Strength Index during the 14 period. The cryptocurrency is in an uptrend area and is able to move further up. Ripple's price bar is below the 21-day moving average, but above the 50-day moving average. This indicates that the cottage coin is forced to move within a certain range.

XRPUSD(daily+K-line chart)+-+March+1.png

Technical specifications.

Major resistance levels – $1.95 and $2.0

Major support levels – $0.80 and $0.60

What's next for Ripple?

On the 4-hour chart, XRP is in an uptrend. The cryptocurrency price has risen above its moving averages, but the uptrend is stuck at $0.80. The market will rise when the current resistance is broken. At the same time, the candle is testing the 50% Fibonacci retracement of the uptrend since Feb. 26. The retracement suggests that XRP will rise to the 2.0 Fibonacci extension level or $0.95.

XRPUSD(4+K-line chart+K-line chart)+-+March+1.png

Disclaimers. This analysis and prediction represents the author's personal opinion and does not constitute a recommendation to buy or sell cryptocurrencies and should not be considered as an endorsement by CoinIdol. Readers should do their own research before investing.