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Price Analysis

Ripple Price (XRP) Calls for Substantial Key Support, May Break Below $25

  • Ripple’s pullback initially stopped near $0.2587 but failed to carry out a recovery
  • XRP has traced a slight bullish trendline, which has been breached near $0.2595

Ripple price has been steadily dropping after yesterday’s price surge near $0.2659. Today, after extending the fall, the coin is attempting to strike a considerable price recovery. However, the coin is still heading south to hit the key support near $0.25.

Today’s daybreak has been quite sluggish for XRP price as it stepped down even below $0.2600. With a constant price fall, the coin has bottomed near $0.2587 recently with a price decline of 1.28%. From here, Ripple has tried to strike an up-swing but couldn’t, as the coin failed to trade above $0.2595.

After a downward correction, Ripple price is currently at $0.2591 at 11:58:19 UTC. Since today morning, XRP has decreased by 1.21%.

XRP Price Chart:

Ripple Price Chart
Ripple Price Chart

Ripple’s SMA lines have just missed the crossover and are still indicating a bearish impact that the coin is carrying at present. Notably, the current price of the coin is well below its 50-day SMA of $0.2924 and has just slipped below its 5-day SMA of $0.2595.

Technical Indicators:

The RSI indicator is near 40, showing no extremities and MACD is in the bearish zone with its MACD line below the signal line. Ripple coin may face resistance at $0.2692 and $0.2733 if it manages to trade above $0.2662. The coin can see support levels around $0.255 and $0.252.

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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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