Ripple Price Prediction: Downtrend looms in the shadow after XRP fails to break past $1.10

• Ripple price prediction shows that XRP surged higher but couldn’t break $1.10.
• As price action decreases, the downtrend is still respected, trapping bulls in their longs.
• Bears are defending the downtrend, so a retest of $0.84 is likely.

The bulls attempted to break the downtrend that began in September by buying Ripple (XRP) following a brief consolidation period. Bulls were trapped inside a declining channel when they tried to break out above the blue downward trend line after a false breakout above the blue descending trend line. Bears will attempt to push the price down towards $0.84, where it had bottomed out before.

Ripple Price Prediction: XRP has the bears still in control toward $0.84

Bulls made a failed breakout attempt on Sunday above the blue descending trend line, which has served as the northern start for bears in Ripple (XRP) prices. Bulls have not been able to push price action past $1.10 with their break, and the price is beginning to fade down. With their entries placed near that descending blue trend line, buyers are seeing their losses increase, which some are already averaging down below.

Bulls will attempt a second time if they fail the first, with the 55-day Simple Moving Average (SMA) coming in at $1. That 55-day SMA does not have much credibility in XRP price action, whether to the upside or downside.

Bulls will be stopped out of their entries at $1.10, and new buyers will likely enter there

Over the last 24 hours, XRP/USD has traded in a narrow range of $1.01 to $1.06. Hence, suggesting little swings in price. Trading volume has decreased by 10.98 percent and stands at $2.99 billion. While the total market capitalization is currently around $49 billion, putting it in 7th position

XRP/USD daily chart by TradingView

What to expect of Ripple in the coming sessions?

Bulls will begin to retreat, and bears will enjoy a smooth trip toward $0.84 by the end of next week when XRP price action returns to calm. That level was previously low in September, and it will once again provide support. This will be after serving as a launching pad for the rally on September 9 and 10.

With risk-on sentiment again on the ascent, bulls are anticipated to accelerate sooner than expected, which might weaken bears and make $1.10 vulnerable once more.

Over the weekend, Risk-off took control and both bulls and bears were unable to make major moves. Ripple (XRP) prices are likely to stay stable near $1.00 for the next few weeks as long as risk-on sentiment persists. Therefore, allowing XRP/USD to make more gains toward year’s end. Meanwhile, the bears will be in retreat by the end of next week when XRP price action returns to normal.