While the world is slowly unlocking the ‘new normal’ amid Coronavirus fears, Bitcoin has finally unlocked bulls, setting the new multi-month high price mark. The crypto community is already in the cheery spell, as Bitcoin solidly reclaimed the $10,000 price level.
This is going to be massive enough for the crypto space as this is the first successful price rally of BTC after it went through the scariest bearish blows in mid-March. The rest of the market is busy fetching their bullish momentum while the market capitalization of all the coins has seen a very much captivating rise lately.
This has triggered the positive sentiment among investors, and we can estimate more influx to the market with this. On the other hand, Ripple seems to have stabilized above $0.21 today after a tumultuous journey.
Till the day before yesterday, the $0.20 was also a difficult price level to hold for the XRP coin. Notably, the currency had lost its 3rd position in the previous week, which it has reclaimed by now.
Here, the Ripple price chart only shows today’s trend, which is not less exciting for holders as it depicts sustained and gradual progress. The XRP price stabilizes above $0.21 while it looks for more room to grow. Notably, all the technicals are in the positive zone though the MACD indicator is heading towards a bearish crossover.