Ripple Price Analysis: XRP Shows a Steady Uptrend Over the Last 4 Hours
- After price turbulence since yesterday, XRP has rebounded
- In the last 7 hours, XRP has increased by 2.52%
- MACD line appears volatile at this moment
In the last 1 week, XRP has seen tremendous price growth as the crypto-coin has crossed major price mark of $0.5 over the past weekend. However, XRP saw a gradual price fall yesterday, and it continued till today’s daybreak.
Ripple (XRP) 7- Hours Price Chart
Yesterday, XRP price was as high as $0.48 and after a price plunge, it ended the day with a closing price at $0.4682. Today, the coin has shown a further price decrease even below its major price support of $0.45 and hit the $0.4479 price mark. XRP rebounded from there and is currently trading at $0.4635 at 11:02:22 UTC.
7 hours ago, XRP price was $0.4521, and with a steady price rise, it has reached to $0.4675. Here it has struck a price increase of 3.42%. Currently, XRP has corrected down from there. Also, at present, it seems that XRP is struggling to cross the price range of $0.46.
Additionally, the MACD chart currently appears volatile, while its MACD line is below the Signal line, indicating a bearish crossover at the moment.
Prediction and Conclusion:
In order to strike a fresh increase in its price, XRP needs to move upwards from the narrow price range near $0.46. If XRP surges, it will see resistance at $0.4746 and $0.4927, while a price drop can take it to the support levels of $0.4519 and $0.4473.
