Ripple News Today – Ripple XRP Starts Recovering But the $0.2000 Remains Elusive – June 17th, 2020

XRP price prediction
  • Ripple XRP Starts Recovery Along With the Rest of the Altcoin Market
  • XRP Holds the $0.19200 Support But the $0.2000 Remains Elusive 

Ripple News Today – For the last seven days, Ripple XRP has been trading in red against the USD. Ever since the token fell below the $0.2000 level, it has been unable to retest it. This morning, the XRP token started recovering against the USD. It opened today higher by 0.05% against the USD from yesterday’s closing price. The token has remained relatively bullish against the USD since then. For the second 4 hour candle in a role, XRP increased by 0.42% against the USD compared to the first 4-hour candle.

Ripple News Today – Ripple XRP Starts Recovering Slowly Against the USD

It’s important to note that Ripple XRP isn’t the only altcoin that is recovering higher against the USD. The token is currently following the lead of other altcoins on CoinMarketCap. However, the token is second in terms of price change relative to the other top tokens. At the beginning of trading today, the price of Ripple XRP was $0.1924. While the price of the token showed some bullish momentum, the trading volume has been declining steadily. Today, the trading volume for XRP is down by 29.62% from yesterday. From the same day next week, the trading volume for XRP is down by 15.44%.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.432
-8.23%

Yesterday, Ripple XRP was the worst-performing token. Even if the token is recovering slowly against the USD, it is still the worst-performing token among the top five. Hopefully, the token will do better today. The current price of Ripple XRP is moving slowly above the 20-day moving average and the 100 days moving average. This shows that there is an impending change in momentum. Traders need to pay attention to the price action.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

At the time of writing, Ripple XRP was trading at $0.195006. It is up by 1.90% against the USD and up by 1.88% against Bitcoin BTC. The trading volume over a 24 hour period is $1,138,109,856 and the market capitalization is $8,630,530,302. The 14-day trend shows that the token is moving lower against the USD. As long as Ripple XRP doesn’t move above the elusive $0.2000 level, it will keep declining against the USD. If the token can move above this $0.2000, it will record higher highs near-term. The next few teasing sections will determine how far the XRP token will fall before the big break.

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.

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