Ripple News

XRP Opts to Remain Slow and Steady; Seems Firm Above $0.20

Ripple (XRP) News

XRP has finally beat bears after a couple of days-long fight against them to win the $0.20 price level again. The way the coin was moving initially this month. $0.22 price mark disappeared imminent but stronger than expected price pullback pulled the coin easily into the negative area. The inability to get bulls back in the race made the XRP coin to lose its 3rd position in the crypto market.

It is today when the currency, along with the market, has seen back to back bullish spikes; this has become something rare after the market crash of March. Ripple was yearning for stability yesterday was trading at $0.19. Here, the price level at $0.1965 had played as a reliable support level.

Ripple (XRP) Price News

If we consider its multi-month chart, the XRP coin holds a support level at $0.1928 and a stiff rejection level at $0.2361. When the global pandemic Coronavirus had hit the market severely, XRP found a support level at $0.14. This was its 1-year low price showing the severe bearishness.

Since then, the coin has reached above the 50% fib levels while clearing so many hurdles. Today, the XRP coin is testing the resistance level at $0.20 with a bullish bias. Regarding its technical indicators, it holds a mixed sentiment. The MACD indicator is slowly entering the bullish area while the moving averages are still above the coin, noting a negative sign.

About the author

Myrtle Murchison

Myrtle Murchison

Myrtle Murchison is a price analyst and a crypto news expert. She deals with various topics related to price analysis. She leads a team of crypto news writers. She has 5 years of experience with ripplenews.io.

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