Ripple Price Analysis: How Far is XRP’s Fresh Increase?

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  • XRP price continues to drop; the trend still appears to be bearish
  • The price again tests the support level near $0.38, currently ranging between $0.38 to $0.39
  • Any further dip below 0.38 can invite extended price fall
  • A steady increase above $0.42 is a must for a fresh increase

After its bullish surge above $0.48, which it had a week ago, XRP has been witnessing a strong price slump. Especially, in the last couple of days, its price has shown a notable drop below its key support prices. 

It is yesterday when XRP had touched price points near $0.38 breaking major support levels near $0.39 and $0.40. Today, the coin has again traded towards the lows.

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Current Statistics:

XRP price is currently trading at $0.3874, at 11:07:21 UTC. It holds 42,566,596,173 Ripple as its Circulating Supply while having a Market Capitalization of $16,489,466,007. Ripple fetches RoI (Return of Investment) of 6,495.01%. 

XRP Price Chart

Ripple Price Chart

Comparison:

Recovering from the recent plunge, XRP was trading in the price range of $0.39 to $0.40. Though in the last 7 hours, the coin again dropped to $0.3842 with a decrease of 5.19%. The coin since then has been trying to come out of the bearish zone though is yet to move upwards from its price range below $0.40. In the last 7 hours, the coin has shown a decline of 4.39%.

Ripple Technical Indicators and Prediction

The MACD chart appears quite bearish with its MACD line below the Signal line. While RSI for XRP is below 30 showing oversold phase for the crypto coin. Ripple is likely to see resistance at $0.4197 and $0.4327 if it moves upwards, though it may see support levels at $0.3917 and $0.3767 if the price drops.

Ruti Vora

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

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