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.
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.