Price Analysis

XRP Replicates its Previous Price Spike; Bulls Knock Above $0.1880 This Time

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  • Ripple Price 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%.

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XRP/USD Chart By TradingView

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 News

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.

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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