Price Analysis

XRP Slips Below $0.15 Again; Faces Volatility on the Downside

eToro
  • 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 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

Ripple News
XRP/USD Chart By TradingView

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!

eToro Crypto

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.

XRP News

Ripple kept trading between 38.20% and 50% Fib levels till yesterday. Also, the coin 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.

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.

Related Articles

Back to top button