Ripple News

XRP Again Loses it to Bears; Trades Below $0.21

Ripple (XRP) News

The whole cryptocurrency industry is struggling to overcome the current bearish spell, while most of the entities are busy attracting masses towards the crypto coins. Either by exciting partnerships or by enhancing their services, cryptos are reaching out to common people increasing traction while prices are troubling the current investors.

However, a few of the coins have created some buying opportunities during these tough times. XRP, a reliable coin that holds a not so expensive price, is one of them.

The one-month chart shows enough volatility while remaining above the $0.19 price mark. XRP’s price remaining at least above $0.19 is a positive sign for space as in March, it had declined even below $0.15.

Ripple (XRP) Price News

In the last month, XRP had escalated as high as $0.22 to face barriers at $0.2207. A steep pullback followed the rise to see the bottom at $0.1931. As it saw support there, a gradual increase in its price took place, and it reclaimed a $0.21 mark.

The bullish move couldn’t last long as it again saw a ‘semi-major’ pullback to trade near $0.20. Right now, XRP coin is testing support at $0.2044 with a stable bias.

Except for the 200-day EMA line, the currency holds bearish technical indicators as the MACD indicator reflects bearish momentum.

About the author

Doris Yaeger

Doris Yaeger

Doris Yaeger is a statistical expert and loves dealing with charts and numbers. He also expertise in finance and stock exchange systems. He has lots of knowledge of crypto coins and ripple system. He works as an advisor at ripplenews.io.

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