XRP Slips Below $0.15 Again; Faces Volatility on the Downside
- Ripple couldn’t hold stability today after it attempted to avoid sudden and sharp fluctuations for the last two days
- In the last few minutes, XRP has nosedived breaking support levels near 38.20% Fib level
- XRP’s outlook was relievingly bullish yesterday; the price even went above $0.16 with upside momentum
- The rising pattern has seen a bearish breakout recently; yesterday’s pullback following the sharp spike above $0.16 took the XRP price below $0.15
XRP coin is currently facing rapid fluctuations in its price with a negative approach at the time. This also shows a strong influence of Bitcoin at the time of writing, and it has tested support levels around $4900. Meanwhile, XRP price has traded way below $0.15, again triggering a selling pressure.
Ripple Price Prediction
The currency has recently breached a rising pattern that was formed yesterday. The coin traced higher highs and shot up even above $0.16. The currency pulled back strongly before closing yesterday. However, bears haven’t stopped there!
Over the last 3 hours, XRP has pointedly declined while holding a bearish MACD. Also, RSI is even below 30, noting an extremely oversold zone.
Ripple kept trading between 38.20% and 50% Fib levels till yesterday. Also, XRP has sharply moved away from the EMA line and SMA lines. Also, the short-term SMA line is below the long-term SMA line. Bollinger Bands, on the other hand, is depicting a strong volatile phase for the coin. Check our Ripple prediction for the Next 5 years to know more about the future prices of XRP coin.
