Ripple News

XRP Forms New Support Levels Above $0.20

Ripple (XRP) News

Ripple has recently tested support levels at $0.2024, and the same level has acted as a strong and reliable level to bounce back from. The coin is currently testing a support level at $0.2045.

XRP is known to have a prolonged and minimal price growth, as compared to ETH and BTC. Notably, Bitcoin has again reclaimed the $9500 price range over the last two days. Meanwhile, XRP, too, had a few dips near $0.19 in the previous week. The currency had traced a few price spikes above $0.21 yesterday, and today, it has resumed its upward journey after the price corrected downwards for a while.

In the last seven hours, XRP price kept ranging around $0.2050 initially. In the later part, it nosedived sharply below $0.2030 to test the support at $0.2024.

Ripple (XRP) Price News

Here, it was a decline of more than 1%, and the recovery has taken the Ripple price above $0.2048. The coin is approaching the 100% fib level right now. With its recent spike, the altcoin has traded above the 200-day EMA line.

However, the simple moving average is yet to make a bullish crossover, and the MACD indicator of XRP/USD is already on the upside. All in all, the indicators are showing a mixed sentiment.

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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