Ripple Price Analysis: XRP Regains Slowly, Hovers Around its 5-Day SMA
- Ripple price slowly uplifts, settles above $0.31
- XRP price seems to have support level near $0.30, traces a bullish trendline
- A stable increase above $0.34 is needed to invite a further surge
- The coin needs to remain above $0.31 to avoid further price loss
In the last 24 hours, Ripple has shown a mild improvement in its price trend as the coin has managed to climb above $0.31. Meanwhile, Bitcoin price has recently touched price point above $10,100 and is currently correcting down from there.
Striking a price recovery, Ripple coin had initially surged above $0.31 from $0.3098 and then corrected near $0.3059. Later the coin found strong support at $0.3081 and jumped to $0.3184 and pulled back to $0.3101 noting a ‘higher low.’ Today, XRP has hit a second ‘higher high’ at $0.3230 and has corrected down at $0.3193 at 04:09:12 UTC.
The price moves by Ripple over the last 24 hours appear bullish and is expected to sustain an uptrend if it crosses price barriers near $0.32.
XRP/USD Price Chart
At present, XRP’s current price is around its 5-day SMA and is in a hassle to move above it. However, the coin is 11.40% lower than its 30-day SMA of $0.3604.
The mentioned bullish trend line is anticipated to act as a decent support. Ripple price bulls are currently battling with resistance above $0.3160.
Ripple Price Prediction & Technical Indicators
The MACD for the coin is quite lowly volatile and it just had a bearish crossover in the bearish zone. RSI for the coin is between 40 to 50, showing no extremities. XRP may see major resistance at $0.3198 and $0.3237 and support levels at $0.3086 and $0.3013.
