Ripple Price Analysis: XRP Holds Above $0.31; can Take a Fresh Increase if Avoids Drop
- XRP maintains its price range above $0.31
- Ripple price is stable above the support level of 0.31, after yesterday’s upward correction from $0.2956
- The 1-day chart of XRP traces an uptrend, can go for a steady surge if it avoids any price fall
Ripple price has started an upward price movement against U.S Dollar recently after it had tumbled near $0.29. The Ripple coin has been witnessing a strong bearish price trend since around a week and the recent upward correction has caused the market to expect a fresh increase in XRP’s price.
XRP bearishly opened at 0.3065 yesterday and even hit the bottom at $0.2986 having its 30 Day low price. Here, the Ripple bounced up and reached above $0.31. XRP price also rose to $0.3219 from $0.2986 with an increase of 9.09%, though later it pulled back to $0.3183.
Meanwhile, the coin traded down near $0.30 thrice and corrected up above $0.31 each time. Currently, the coin is trading at $0.3141, at 04:49:20 UTC with stability.
XRP/USD Price Chart by TradingView:
Ripple’s current price is 21.61% lower than its 30-days SMA of $0.4007, indicating that the XRP coin is far away from leaving the bears behind. Its price is even below the 5-Days SMA of Ripple coin, and due to the sluggish price trend, it is trading with Selling pressure for a week.
XRP has recently climbed above its major support level of $0.31, meanwhile, over the last 1 day, $0.30 has acted as a strong support level.
Ripple Price Prediction & Technical Indicators:
MACD indicator shows a recent bullish crossover with not much volatility. RSI for XRP/USD is around 60 showing a stable momentum. XRP may see major resistance at $0.3251 and $0.335, and major support levels are likely to be at $0.302 and $0.2888. To know furthermore, you can check our Ripple Predictions for next 5 years.
