Price Analysis

XRP Tests Resistance Above $0.24; Corrects Down After a Day-long Surge

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  • Ripple has tested resistance above $0.24 twice over the last 24 hours; currently approaching supports
  • XRP’s uptrend has been consistent since quite a time now; the coin has resumed the same today also, however, in the last 7-hours, it has shown a bit of correction
  • The coin has maintained its range above $0.23 despite the pullback
  • Bollinger bands are heading towards a less volatile zone

Ripple is currently heading towards its recently formed support levels after it faced resistance above $0.2390. The coin has been responding optimistically to the current bullish trend of Bitcoin.

XRP Price Analysis

Notably, Bitcoin is already trading above $9200, and it is giving hope that it may touch the psychologically crucial price mark of $10,000 if the bull-run keeps going on.

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XRP kept trading above $0.2379 after the daybreak today. The coin has recently traded above $0.24 but couldn’t trade above $0.2409. The pullback took the coin at $0.2362, which is where it has found a support level.

XRP News
XRP/USD Chart By TradingView

With a rebound, the XRP value reached as high as $0.2393 and then again corrected down to deepen the support levels. Now, the coin is hassling to start a fresh increase from $0.2366.

Bollinger bands are set to see a stable phase after quite a bit of volatility. MACD is in the bearish zone but is having its MACD line on the upside. RSI is at 41, showing no extremities.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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