Ripple Price Analysis: XRP Continues its Bullish Spree

Ruti VoraJune 21, 2019Last Updated: September 12, 2020

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XRP price is achieving new highs with a bullish impact in its price trend since the last few days. However, XRP went through a little bearish phase yesterday when its price dropped below $0.43. It has shown a rapid price recovery from there and has even hit the 24-hour high price point of $0.44 this morning.

Notably, In the last 4 hour, XRP has again surged above $0.44

XRP Current Statistics:

At 08:47:25 UTC, XRP was trading at $0.4395 having its Market Capitalization at $18,576,591,388. Also, the coin holds 42,501,950,124 XRP coins as part of its Circulating Supply. XRP fetches RoI (Return on Investment) of 7,341.06%.

XRP 4-Hour Price Chart:

The 4-hour chart shows two major trend line for XRP price scenario. The coin was trading at $0.4376, which then saw a minor price plunge at $0.4349. With a strong rebound the price crossed $0.4409, clearing resistance at $0.439. Here, it has shown an increase of 1.38% in only 33 minutes. Though it plunged again but maintained its position above $0.43.

Conclusion:

XRP bulls seem fully in control, consolidated by its current trading price. If the coin keeps moving upward it may see resistance at $0.4432. Also, a price fall may take it to the support levels of $0.4168 and $0.4233.