Ripple Price Analysis: XRP Price Wavers Around its Key Support Level

  • XRP price again struggling to stay above $0.40
  • Price level above $0.39 acts as a strong support level
  • RSI for Ripple is at 43, shows no extremities
  • MACD for XRP/UST appears moderately volatile

After yesterday’s price turbulence, today XRP had started to move upwards and it maintained its price above $0.40 for some hours. But recently, the coin has started to wave between $0.39 to $0.40, however, the support level of $0.38 is intact. 

On the other hand, Bitcoin price has been maintaining its price above $11000 since today morning, showing a bullish trend in the market.

Current Statistics:

At 11:07:22 UTC, XRP was trading at $0.3995. The coin has 42,566,596,173 XRP as part of its Circulating Supply. It holds a Market Capitalization of $17,065,387,541. XRP fetches RoI (Return of Investment) of 6,725.35%.  

XRP 4-Hour Price Chart

Ripple Price Chart

Over the last 4 hours, XRP has gradually decreased to $0.3956 from its price above $0.40. The coin has corrected from there but lacks the stability as it has failed to remain above $0.40. In the mentioned time span, the price has seen a decline of 1.04%. 

The current price of XRP notably lags behind its 10 days SMA of $0.4243 by 6.76%, which shows that XRP is currently carrying quite a bearish nature. 

Ripple Technical Indicators and Prediction:

RSI for XRP appears at 43 which shows no extremities at this point of time. While MACD for XRP seems moderately volatile with a bearish crossover. XRP may see major resistance levels at $0.4118 and $0.4234 if it takes a surge, while it may see support levels at $0.3865 and $0.3728.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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