Ripple News

XRP/USD Strives to Stay Above $0.20

Ripple (XRP) News

Ripple needs strong and substantial momentum on the upside to get the bulls back on the track. The XRP coin had a noticeable uptrend yesterday, and today it has been correcting downwards, holding a bearish bias for the short-term.

The currency had a 2-day high price mark at $0.2029 yesterday and lowest price mark at $0.1969. The XRP coin has just bounced back from the lowest mark. While the one-day price chart of XRP shows corrections after an upward rally, the last four-hour price chart of the same shows an exact opposite pattern of the coin.

The altcoin right now is testing is resistance above $0.19. In the last couple of days, the Ripple price has remained range-bound between $0.20 to $0.19. It is high time that XRP looks for a bullish breakout above $0.22, although market support is crucially required for the same.

Ripple (XRP) Price News

At 08:00 UTC, the currency managed to claim the $0.20 price mark, but a recent pullback has taken the XRP price well below the same price level. The coin has witnessed a decline of more than 2% over the last four hours. A support level has been formed at $0.1965 from where it is rebounding already. A sustained uptrend from here can easily take the price above $0.21; however, a safe distance from bears is a must.

Technical indicators of XRP are in the negative area as the coin is slightly below the 200-day EMA line. Also, the MACD indicator is on the downside.

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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