Price Analysis

XRP Escalates With a Positive Bias; May End the Week on a Bullish Note

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  • XRP has firmly traded above $0.2400 today; still has room to surge further
  • Yesterday’s mild bullish sentiment has intensified today
  • Yesterday, XRP formed higher highs; today, it is continuing with higher lows
  • The coin is up by more than 4% while holding positive technicals

XRP price has taken the bullish call as it seems stable today above the $0.2400 price mark. The coin has surged by 4.71% over a day although it has just formed a bearish candle showing a possibility of a correction.

Meanwhile, Bitcoin is resuming its price rally above $9100, however, today, at the time of opening it had a plunge below $9000. Coming back to XRP, it opened yesterday at $0.2348 and after forming higher highs with a mild bullish approach, it went as high as  $0.2435.

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Ripple (XRP) Price News
XRP/USD Chart By TradingView

It closed with a correction at $0.2405 dipped further to $0.2386, forming a low. After a few more higher lows, it has gradually reached $0.2452. The coin is well above the EMA line and Bollinger bands are opened to note a positive yet volatile spell for the coin.

Ripple News

If we look at the 5-day chart, XRP has traced an impulse pattern. Yesterday, the price of Ripple dip near $0.2315 seems like a buy position, as it has fetched a profit of more than 3.67% already. Moving averages are also painting a bullish picture and MACD lines are in the bullish zone already.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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