Price Analysis

Ripple Price Analysis: XRP Bears Stopped at $0.25, Rebounds at a Slow Pace

  • Ripple has recently hit its 52-weeks low price point over the last 5-days
  • XRP price sharply fell even below $0.25 on 14th August, and yesterday it again took a drop after correcting up
  • The coin is currently struggling to stay above $0.26, has formed a bullish trendline above $0.259
  • XRP is correcting down from $0.2682, may see support above $0.259

Yesterday, XRP’s bearish spree took a pause at $0.2500 against U.S.Dollar. The coin has shown an increase after that, but, it is extremely bearish considering its price scenario of the last few months.

Yesterday, XRP opened at $0.2637 and it escalated to $0.2669 after that. Later, the coin saw bottom at $0.25 and bounced back to $0.2660 with an increase of 6.38%, and then corrected down. Here, the coin started a bullish trendline. The coin has traced two major price spikes near $0.2676 and $0.2682.

Ripple is correcting down at the moment and is at $0.2612 at 04:34:29 UTC.

XRP/USD Price Chart

XRP Price Chart
Ripple Price Chart

XRP is 29.46% lower than its 100 day SMA of $0.3703. Also, its long term SMA (100-day) is above its short term SMA (5-day) which indicates its bearish nature. While MACD is also in the bearish zone.

Ripple Price Prediction & Technical Indicators: 

Ripple’s MACD chart is lowly volatile and is in the bearish zone, while it just had a bullish crossover. Its RSI indicator shows an oversold momentum. The coin may see resistance at $0.2751 and support at $0.2579.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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