Ripple News Today – Ripple XRP Breaks Out of the $0.22 Level as Bitcoin’s Market Share Reaches 65.5% – May 3rd, 2020

  • Ripple XRP Moves Above the Resistance at $0.20 and Higher Highs Might be on the Way
  • Bitcoin’s Market Share Crosses 65.5% as the Price Rises Above the $9,122.50

Ripple News Today – Ripple XRP has finally crossed the resistance at $0.22. This time last week, the price of Ripple XRP was struggling to move above the $0.19 level. There was strong resistance at $0.20 and this resistance blocked upward price movement for weeks. So, when the price of the XRP token managed to cross this level last week, the entire XRP community was excited about the surge. The XRP token moved above the 50-day moving average is bullish showing that the price is going to keep moving upward.

Ripple News Today – Ripple XRP Price Faces Another Resistance at $0.23

In our Ripple XRP News yesterday, we noted that the XRP token was going to move higher if it crossed the $0.21 level. At the time of writing, the token was trading at $0.223787. This means that it is up by 2.16% against the USD and down by 0.64% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $2,320,068,511 and the market capitalization is $9,871,898,822.

Ripple XRP Price Prediction 2020 – XRP Price Prediction 2020

The next resistance is at $0.2320. If the price of XRP can move above this resistance, the next one would be at $0.25. If the bulls can cross this $0.25 resistance before the end of the coming week, there is a strong chance that it will see higher highs. Two weeks ago, one XRP price analyst said that the XRP token was primed to start a parabolic bull run that will take it to the $0.32 level. If this is the parabolic bull run that the analyst predicted, then the price of the token might well be on its way to $0.32.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.797
-5.12%

In other news, the price of XRP is moving higher thanks to the Bitcoin bull run. Bitcoin BTC has been on a bull run for the last 7 days. The tokens total market share even increased to 65.5% indicating a 2 point rise in its market share. At press time, Bitcoin BTC was trading at $9,122.50. This means that it is up by 2.70% against the USD. The trading volume over a 24 hour period is $46,600,877,266 and the market capitalization is $167,480,178,492. As the price of Bitcoin is rising so is the total cryptocurrency market capitalization. Over $30 billion has been added to the market capitalization increasing the number to $245.1 billion. The next few days of trading will determine if the tokens will continue rising.

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