- With a strong price recovery, XRP has come out of yesterday’s short term bearishness
- Tracing a bullish trend line, Ripple price has formed a major support level at $0.42
- Ripple price is currently stable over $0.43, after a sharp increase at its 24-hour high price at $0.4438
Ripple is steadily surging against USD at present. However, bulls in XRP price trend are failing to catch up with Bitcoin, as BTC price has crossed $9,700 price mark recently.
Yesterday, with its opening price at $0.4366, Ripple coin maintained its price above $0.4300 for a few hours, after which it faced a price drop at $0.4230 breaking support level at $0.4287. After struggling to rebound, XRP tumbled further as low as $0.4225 with a sharp fall. Here, it struck a strong recovery while correcting gains over $0.43. Since then, XRP has remained above $0.4300 except for a minor plunge at $0.4290.
XRP/USD 1-Day Price Chart by TradingView
It is today when the XRP price has surged to its 24-hour high price point at $0.4438 with an increase of 5.04% from its 24-hour low price of $0.4225. Since then, the Ripple coin has not dipped below $0.435 price mark.
Recent price scenario of XRP is pretty impressive as its current price of $0.4327 at 04:38:24 UTC is 11.57% higher than its 50 days SMA. The upward shift in Ripple coin is quite intriguing as the price has increased remarkably in the last 5 days. Around a week ago, XRP price was oscillating between $0.40 to $0.41 with a bearish impact.
We can anticipate that Ripple coin is likely to see a further price increase as it has cleared resistance above $0.4200, and now the price level is turned into a new support level. Also, market analysts believe that a breakthrough above the price barriers of $0.442 and $0.450 can propel rapid surge in XRP price trend.
Ripple Price Prediction & Technical Indicators:
MACD chart seems to resonate with the bullish XRP/USD price trend as it hints at the upcoming price momentum. Also, the RSI for XRP/USD is now just below 50 showing stability with possible overbought impulse. If it continues its bullish trend, Ripple might see major resistance levels at $0.4365 and $ 0.4432, while major support levels can be $0.4168 and $0.4233, if it sees a price fall.