Price Analysis

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

Ripple 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.

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Ruti Vora

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