Price Analysis

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 Price Chart
Ripple 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.


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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