Ripple News Today – Ripple XRP Starts Recovering Upward But The Resistance at $0.2000 is Now Strong – May 26th, 2020 

XRP
  • Ripple Leaves the Red Zone for a While But the Bulls Aren’t Back in the Game Yet
  • Ripple XRP is now Trading in the $0.1900 Level but the Resistance at $0.2000 is Still Holding Strong 

Ripple News Today – Yesterday, the price of Ripple XRP started falling against the USD and eventually lost the support at $0.2000 which it had held for a long time. This morning, the price started to recover against the USD closing the first 4-hour candle with a 0.21% surge in price. This was just a $0.0004 increase in price but it was the third upward candle in a row. So, this is a good thing. At the beginning of trading today, the price of XRP opened at $0.1963. This indicates a 1.82% surge within 24 hours.

Ripple News Today – Ripple XRP Records Minor Gain Against the USD

It is important to note that even if the price of XRP has recorded some gain against the USD over the last few days, it is still the worst-performing token out of the top five. The 20-day moving average is currently at $0.2000, which has now formed a jet resistance against the USD. The good news is that the XRP token has maintained relative stability over the last two weeks as its volatility contracts against the USD. Throughout this time, the price of XRP stayed in the $0.2000 level. It wasn’t until this last weekend that the price of the token lost this support and it was converted into a resistance.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
4
ripple
XRP(XRP)
$0.178
0.897%

The 30-day price chart shows that the token has been on a declining channel safe for the days of relative stability. It is also important to note that the token has moved slowly from the $0.15 level to the $0.2200 level during this period. The 90-day chart shows that the token is forming a base indicating that new key supports and resistances are developing. At the time of writing, the price of the XRP token was $0.195276. This shows that it is up by 1.05% against the USD and down by 0.35% against the USD. The trading volume over a 24 hour period is $1,594,470,072 and the market capitalization is $8,614,186,187. If the token keeps rising, it will most likely retest the $0.2000 level before the end of the new week. On the other hand, if the price of the token falls below the $0.1900 level, lower lows might be experienced soon. The next few hours of trading will determine how the price will move in the next few days.

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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