Ripple News Today – XRP Price Declines to 7-Month Low – March 15th, 2020

XRP2
  • XRP Price Analysis – Can XRP Regain Price Momentum
  • XRP commence price recovery after the recent crash

XRP News Now – Ripple’s native token is currently trading inside a declining channel, a bullish breakout might occur only above $0.215. Against BTC, XRP commenced regaining momentum after finding support at the 2580 SAT level. The major resistance levels are $0.185, and $0.215, while the major support levels are $0.13, and $0.11. XRP Projections – After commencing the weekly candle around $0.215, XRP experienced a massive 50% price decline following the March 12, 2020 crash that hit the whole cryptocurrency market.

XRP Price Analysis – Can XRP Regain Price Momentum

XRP Price Prediction 2020 – BTC crashed by over 40% on the daily; thus far, the total decline was recorded around the 60% mark. The last 24-hour trading gave XRP the chance to recover from $0.11, which was yesterday’s low. XRP News Now – Currently, XRP is trading around $0.15. The price of the token is trying to push back at the marked orange level of $0.185, a crucial support level that got cleared two days ago.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.306
2.23%

XRP Projections – There might be a positive price change if XRP can clear above the $0.2 level. For now, XRP is still hooked inside a 7-month descending channel. XRP News Now – for a weekly low of $0.11, XRP bounced to $0.16 today and declined slightly to $0.151. if the coin pulls further above to $0.185 resistance and also tries to reclaim the $0.215 level, a bullish price trend should be expected to clear above the descending channel.

XRP commence price recovery after the recent crash

XRP Price Prediction 2020 – if the coin fails and remains beneath the $0.185 resistance, XRP might remain in the bearish zone. For now, the nearest support level to look out for is $0.13 and $0.11. XRP News Now – the major support level for the XRP/BTC pair s at 2580 SAT. The major resistance levels are 3075 and 3300 SAT, while the major support levels are 2580 and 2400 SAT.

XRP Projections – against BTC, XRP encountered a negative price trend over the past weeks, but the price has managed to stay above the 2580 SAT level, which signified blue on the daily chart. For the past few months, this area has become a controversial support level. After retesting the channel around the above-mentioned support, XRP regained momentum and indicated strength towards a psychological level of the 3000 SAT resistance but immediately got rejected to the 2844 SAT level.

XRP Price Prediction 2020 – Ripple Price Prediction 2020

XRP Price Prediction 2020 – the level to watch out for is the 3000 SAT, though the bullish momentum would become more acceptable if XRP can clear the first orange area of 3075 SAT, which is the resistance level from December 2019.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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