Ripple News Today – XRP Gains Momentum, Moves Above The $0.20 Level But Faces Resistance At $0.21 – May 14th, 2020

  • XRP Starts Recovering Moving Above the $0.20 Level as Bitcoin BTC Recovers From the Bloody Weekend
  • Ripple XRP’s Price Faces Resistance at $0.21 With Risk of Lower Lows

Ripple News Today – Ripple XRP is starting to regain what it lost during the bloody weekend when the price of the token fell below the resistance at $0.20. Toward the end of trading yesterday, the price of Bitcoin started to recover against the USD. As the price of Bitcoin started to recover, so did Ethereum ETH, Ripple XRP, and many other top tokens on CoinMarketCap. Ripple XRP has been able to retest the $0.20 which was lost during the bloody weekend. However, if the token is to retest the key $0.22 level again, it must find a way to move above the immediate resistance at $0.21 level.

Ripple News Today – XRP Starts Recovering Slowly Against the USD But Bulls Don’t Have Full Control Yet

Since the bears are starting to lose their momentum against the USD the relative strength index is slowly moving to the bullish territory as it is above 50 just like the MACD which is also bullish. Major support levels have been formed at $0.1920, $0.1950, and $0.2000. If the XRP token is unable to hold these three support levels, there will be lower lows short-term. The good news is that there is hope for the bulls to keep things going upward. If they are able to take the price of XRP above the resistance at $0.2050 level, the next resistance levels they will face will be at $0.02100 and $0.2200.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

When the price of XRP started to gain momentum, the bulls were able to move above the 23.6% Fib retracement level of the last decline from $0.2250 to $0.1849. The token broke above the bearish trendline at the $0.1980 paving the way for a surge to $0.2000. The price of XRP has moved above the 100 hourly SMA setting resistance at $0.2050. The next major resistance after this would be at $0.2100 and it will set the pace for a move to $0.2200 which it tested last week. The next resistance levels for XRP after $0.2200 would be at $0.2280 and $0.2350.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.211
3.16%

At the time of writing, the price of XRP was $0.2030. It was up by 2.61% against the USD and down by 5.16% against the Bitcoin BTC token. The token will most likely cross the resistance at $0.2035 within the hour. The trading volume over a 24 hour period is $2,133,804,508 and the market capitalization is $8,978,097,889.

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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