Price Analysis

Ripple (XRP) Initiates Recovery by Adding 4.25% in a Day

Ripple seems to have moved on from past struggles, and over the last 24 hours, it has shown an increment of 4.25%. The price trend of XRP has shown three major price shifts in the range between 0.213 USD and 0.225 USD.

Ripple Price Prediction:

XRP Price today was being traded at 0.2139 USD at the opening of the day, and over the next 12 hours and 39 minutes, it gained 1.87% to get placed at 0.2179 USD. The next few hours saw a slight decline in the price of Ripple cryptocurrency, but again at 15:25 UTC, it started moving upwards. Over the next 5 hours and 12 minutes, it went on, adding 0.0114 USD and reached 0.2257 USD, the highest for the day. However, Ripple’s price at this high could not be sustained for long, and it went through a slope between 20:37 & 01:36 UTC, and over these 5 hours, the currency lost 1.28% value and got pushed to 0.2228 USD.

Ripple (XRP) Chart
XRP/USD Chart by TradingView

Ripple’s 20 days MA stands at 0.2228 USD, and it’s 50 days MA is now at 0.2224 USD. The current price of XRP coin at 0.223 USD is 0.26% and 0.089% more than the 50 days and 20 days moving averages, respectively. The placement of both averages shows upcoming good days ahead. The next halt for Ripple price may come at 0.228 USD.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.2283
2nd Resistance$0.2337
3rd Resistance$0.2409
1st Support$0.2157
2nd Support$0.2085
3rd Support$0.2031
Tags

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.

Related Articles

Back to top button
Close