Ripple Price Analysis: XRP Eyes $0.47 Price Mark to Strike Higher Price Spike
- Yesterday, XRP went as high as $0.47 but has been ranging between $0.46 to $0.47 today
- In the 7-hour chart of XRP, the MACD for XRP appears bullish
Today morning’s price plunge has trimmed yesterday’s price gains made by XRP. Yesterday, XRP marked its closing price at $0.4700, and today, after the price fall, XRP has been hovering between $0.46 to $0.47.
The price trend of Ripple currently seems to hold enough price volatility. XRP has not settled above $0.47 and is yet to clear resistance above $0.46.
At 11:05:23 UTC, XRP was trading at $0.4699 while holding a Market capitalization of $20,058,960,236. Additionally, 42,566,596,173 XRP coins exist in the Circulating Supply of Ripple. XRP fetches RoI (Return on Investment) of 7,922.64%.
XRP 7-Hours Price Chart
In its 7-Hours Price Chart, XRP has initially traced an impulse pattern while oscillating between $0.46 to $0.47. XRP has failed to maintain its price position above $0.47 despite crossing the price mark for quite a few times. Ending the impulse pattern, XRP struck an upswing where it reaches as high as $0.4715, and then it corrected down near $0.46.
However, its current price is 17.29% higher as compared to XRP’s 50 days SMA of $0.4006. This indicates the bullish impact over the XRP’s price trend.
XRP price is anticipated to see major resistance at $0.4773 and $0.4847 if it crosses $0.47 price mark. Major support levels for XRP can be at $0.4573 and $0.4447.