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.


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.
Event Information
Event Information
Back to top button