Price Analysis

Ripple (XRP) Heads Towards Stability

  • Ripple got a hike of 1.08% on the last day, and it pushed the value to $0.1950 from $0.1929
  • The next resistance may come at $0.1998
  • Touching $0.20 is still a dream for XRP coin

Ripple seems to be done away with all the market negativity and bearish pressure. Over the last 24 hours, it has managed to exhibit a moderate hike, and it has got a 1.08% push in this period. XRP price went as high as $0.1980 as its ace point of the day.

Ripple Price Analysis

Ripple cryptocurrency started the day with a negative note when it made a 1.14% loss by 01:58 UTC, and the value moved from $0.1929 to $0.1907. However, investors experienced a huge earning line when XRP got a hike of 3.83% that added $0.0073 by 20:26 UTC. The next few hours were full of price fluctuations as the day went to end. By 02:12 UTC today, Ripple price got a cutback of 1.52% and reached $0.1950.

XRP Coin News
XRP/USD Chart By TradingView

Ripple’s current market cap stands at 8.484 billion USD. Following the opposite way of its price trend against USD, the market cap has gone down from yesterday’s value at 8.536 billion USD.

As per ripplenews.news, XRP coin’s both current price and 50 days MA have merged at $0.1950. Its 20 days MA ($0.1949) has fallen back by a little margin. Ripple coin may not see any abrupt changes in the coming few days. The stability hints at a bullish medium-term outlook. The next resistance may come at $0.1998.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.199840
2nd Resistance$0.202630
3rd Resistance$0.206288
1st Support$0.193392
2nd Support$0.189734
3rd Support$0.186944
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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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