Ripple News Today – XRP Could Commence a Bullish Price Trend Towards $0.20 level In The New Week – March 22nd, 2020

  • Ripple XRP Price Analysis – XRP Trading In A Neutral Zone
  • XRP Aiming For the $0.16 Level amidst General Sell-Off And High Volatility

XRP News Now – XRP encountered a 6% price drop over the past 24 hours of trading as it trades at $0.156. The recent price decline has pulled XRP price back to the previous trading zone for over 9 days. XRP Price Prediction 2020 – XRP price to clear above the $0.1667 resistance level after losing 6% in the past 24 hours. The token tried to clear above this level over the past 2 days, although, the selling pressure from the seller appears to always take charge and pull the market lower again.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

XRP Price Prediction 2020 – XRP is trading in the same zone it has been trading in the past 9 days; it must clear and close above/beneath this level to state which direction it would be steering towards next. XRP News Now – if XRP fails to break and close above the $0.166 level, there are prospects it will continue towards $0.20.

XRP Price Analysis – XRP Trading In a Neutral Zone

XRP News Now – On the daily chart of the XRP token, XRP has managed to find major support at the $0.14 level during the general market crash in March. This support is provided by a downside 1.414 Fib extension level. XRP Price Prediction 2020 – The price of the token declined as low as $0.14 but managed to bounce back from support at $0.111 which is a zone between $0.1667 and $0.14 for the past 9 days.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.176
1.73%

XRP News Now – XRP is trading in a neutral zone, though the price dip observed in March is massive which can be classified as a bearish price trend until there is a positive upside break in the zone. XRP Price Prediction 2020 – if XRP sellers push lower, the first major support level is situated at $0.14. Below this level, major support is projected at $0.127m $0.12, $0.1116 and $0.10.

XRP Aiming For the $0.16 Level amidst General Sell-Off and High Volatility

XRP Price Prediction 2020 – besides, the first major resistance is located at $0.166, which is the bearish .236 Fib Retracement level. XRP News Now – Above this level, resistance is at $0.183, $0.20, which is .382 Fib Retracement level, $0.22, and $0.299, which is the .5 Fib Retracement level.

XRP Price Prediction 2020 – XRP is the least affected token among the major 3 cryptocurrencies. The XRP/USD pair stalled the recent bounce close to the 0.1575 zones. The token has reversed to the familiar zone around 0.1550, recording a 0.60% loss on the day. A test of the 0.16 level still seems obscure, as a wary sentiment exists across the market amidst looming COVID-19 pandemic.

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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