- Ripple XRP Price Prediction 2020 – Ripple XRP Price May Be Primed For An Upcoming Bull Run.
- XRP Slowly Rises Toward the $0.1900 Level.
- Staying Above The Support At $0.1850 is Crucial.
Ripple News Today – Yesterday, the price of Ripple XRP was trading in red against the USD along with many other altcoins in the market. Ever since the Ripple XRP token tested the $0.20 level last week, it has been unable to retest it. The bears keep pushing the price of the token lower and lower against the USD. The good news is that there is a silver lining in the technical charts indicating that the price of the token is primed for a bull run.
Ripple Price Prediction 2020 – Ripple XRP Price Primed for Higher Highs
According to the XRP price analysis on NewsBTC, the Ripple XRP token is going to start rallying as soon as it crosses the key resistance at $0.1920. Right now, the token has found key support in the $0.1850 level. If it is able to hold this support level, the rise to $0.1920 will be more achievable. The price of XRP is struggling to move above the 100 hourly SMA. It has formed a contracting triangle with resistance at $0.1890.
XRP (XRP) Price Today – XRP / USD
The price of Ripple XRP is moving near a breakout point. After the price of the token moved as low as the $0.1800 support level, it started gathering momentum initiating the upward correction. It moved as high as $0.1840 after which it moved a little lower against the USD before gaining enough momentum to test $0.1850. As stated above, crossing the resistance at this level was just what XRP needed to activate an upward surge toward the next resistance at $0.1900.
Right now there is strong resistance at $0.1890. The Fib retracement level of the last fall from $0.1966 to $0.1810 is currently serving as key resistance. The relative strength index is currently above 50 which is a good sign. The MACD is currently moving toward the bullish level. The key support levels are currently at $0.1800, $0.1810, and $0.1850. On the other hand, the key resistance levels are at $0.1920, $0.1900 and $0.1890.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
At the time of writing, the price of Ripple XRP was $0.187080. This means that it is up by 0.70% against the USD and up by 0.15% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,874,348,352 and the market capitalization is $8,245,203,230. If the token is unable to hold the line above the $0.1810 level, the token is going to experience lower lows near-term.
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.