- Ripple has started giving clear bullish signs by now; forms second higher high above $0.17
- XRP has tested resistance at $0.1835 yesterday, and now the coin is strolling around $0.1690
- Technical indicators are giving conflicting signals while the coin is trying to find stability above $0.17
- Volatility may re-enter XRP’s price trend soon in a short-term perspective
XRP’s current attitude has been astounding since the last couple of days as the coin is attempting to settle above $0.17 after a hike above $0.1880 while Bitcoin, which is supposed to drive the market up is down by more than 8% today.
The day before yesterday, Ripple noted an escalation of more than 12.65%, where it went above $0.18 to face rejection. The altcoin has again managed to instigate a higher surge above $0.1830, proving its potential. As compared to XRP’s plunge on March 23, the price has shown a growth of 23.98%.
Today, the currency has opened on a bearish note as it corrects down. Despite that, the moving averages are in a positive zone, and RSI is entering into a stable phase near 38. However, the MACD chart is giving extreme negative signs.
Ripple’s 1-day price chart seems a little disappointing as the pullback has taken the coin even below where it was before the surge. Such a sharp pullback has ushered the XRP price even below the 200-day EMA line while Bollinger bands are getting narrow, showing no current volatility. However, considering how the global economies are right now, chances of turbulence cannot be denied.