- XRP records a 7% decline, which saw the coin back below the 100-days EMA
- XRP/BTC pair declined into support at the 2600 SAT level
Ripple Latest Update – recently, XRP price has been on a steady rise above the 100-days EMA. Although it found resistance at $0.25, which influenced the price of the coin to decline back below $0.25. XRP price continued to decline until it found support at the short term .5 Fib retracement at around $0.218.
XRP price has gone back to a neutral trading zone after retracing below the $0.2345 level. XRP coin will need to make a new base above $0.26 to be able to be deemed bullish in the next zone. If the XRP price continues to decline below the $0.20 level, the market could be deemed somewhat bearish. The major support levels are $0.218, $0.209, and $0.1850. While the major resistance levels are $0.2283, $0.234, and $0.25.
XRP (XRP) Price Today – XRP / USD
Ripple News – if XRP bulls can protect the current support level at $0.218 and rebound, early resistance lies at $0.228 and $0.234 (100-days EMA). Above this, resistance is projected at $0.24 and $0.25 (1.272 Fib Extention). Contrarily, if the sellers drive the market price below $0.218, support is positioned at $0.209 (short term .618 Fib Retracement), $0.203 (downside 1.618 Fib Extension), and $0.19.
Ripple News Update – The RSI declined below the 50 levels though it is still struggling to break above. It currently denotes indecision with the market, this means that it could still steer in any direction. Luckily, the Stochastic RSI is in the oversold zone and is prepared for a bullish crossover signal that should send the market higher.
XRP/BTC pair declined into support at the 2600 SAT level
Ripple Latest Update – XRP/BTC continues to be supported at the 260 SAT region, which has barred the market from declining lower during January (aside from a short decline to 2540 SAT). It remains stuck within the range from 2600 SAT to 2710 SAT and must crush this range to determine the next trend it would take.
Also, the RSI has declined below the 50 levels but is struggling to break back above. Currently, the momentum is plane, and XRP price must surge moderately above the 50 levels to commence any form of price recovery. Against the XRP/BTC pair, the Support levels are 2600 SAT, 2350 SAT, and 2455 SAT. While Resistance levels are 2710 SAT, 2800 SAT, and 2900 SAT.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
Speaking on the XRP price trend, a prominent trader Credible Crypto, who termed BTC’s rise to the $8,000s when prices were in the highs at $6,000s, claimed in a recent Tweet that if XRP holds the current price level, a surge towards $0.30 could be expected in the coming weeks.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.