Ripple (XRP) Witnesses Intense Bearish Slip; Trades Towards Key Support Levels

Ripple has stopped the massive price fall in November end after it formed a lower low at $0.20. The leading altcoin calls for a price boost as it lacks momentum. The investors are eagerly waiting for a rapid price rally, which can again take the XRP coin above $0.40. Notably, a similar kind of price rise had taken place earlier this year (May-June).

Ripple Price Prediction

XRP price is currently down considering its 3-month price trend, as it is not much above its lowest price level at $0.20. Ripple price was trading above $0.25 around three months ago and was bullish enough to surge above $0.30. Now comes the massive price decline, which has impacted the XRP coin to quite an extent. The price drop of more than 28% took the Ripple price to $0.22 within six days. However, the coin managed to strike a price recovery as the coin could reach above $0.30 again, but the $0.31 price mark remained intact.

Ripple News
XRP Chart By TradingView

Meanwhile, XRP coin formed a dip at $0.2682 before it started another price fall as part of pullback. Ripple formed a lower low at $0.20 in the previous month before starting the current sluggish rebound. Clicking here to know more about Ripple forecast from experts.

According to the chart, SMA lines are heading to the bearish crossover indicating a negative price move. RSI is at 52, showing a stable phase while MACD is set to enter the bullish zone with its MACD line on the upside. Notably, the coin is under selling pressure.

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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