Price Analysis

Ripple (XRP) Succeeds to Remain in the Stable Zone

XRP Price Seems Stuck Around $0.14

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  • XRP price went above $0.15 yesterday; currently seems range-bound at $0.15
  • The coin has formed a flattish price pattern while the currency is attempting to trade above the 50-day MA
  • Ripple price seems to have a support level at the 61.80% Fib level while a stiff resistance area is waiting for the coin above $0.15
  • Contradicting a bit to the current sentiment, XRP shows mildly bullish signs

Over the last couple of days, XRP has faced one more bearish hit as it traded to touch the price mark below $0.12 again. However, after the rebound, the price has kept ranging around $0.14 with a stable approach. It is to be noted that XRP went through extreme ups and downs amid the market in ‘yo-yo mode.’

Ripple Price Prediction

On March 16, the currency held a very bearish attitude regarding its price trend. After a massive price shedding scenario on March 13 due to the Corona impact, this was a notable one. XRP coin price slightly surged above $0.15 before it steeply bottomed to $0.12.

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The coin has gradually recovered with an escalation of 18% yesterday, where it has again managed to climb above $0.15. This price move has turned a few heads of XRP investors. Jeff Hardy, a business person, and a currency holder has tweeted today,

However, the coin has not remained above $0.15 after that one price spike as the Ripple price has pulled back to the $0.14 price range.

Ripple News
XRP/USD Chart By TradingView

The price trend of XRP coin is about to slip below the 50-day SMA line though the long term SMA line is below the short one noting a positive phase. Meanwhile, the MACD chart is in the bullish zone but may soon have a bearish crossover.

XRP News

The coin has just slipped below the 200-day EMA line showing a negative price move. At the same time, the Bollinger bands have opened up a bit, indicating a moderate level of volatility. Here, RSI is nearing 30, showing an upcoming oversold spell.

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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