Ripple News Today – XRP Starts Recovering Slowly but Moving Above the $0.1900 Level Remains Difficult – June 21st, 2020

  • Ripple XRP Starts the Day Trading in Green But the Bulls Have Difficulty Gaining Upward Momentum
  • Lower Lows Might be on the Way for XRP Near-term as Long as the Token Remains Below the Key Support at $0.2000 

Ripple News Today – Ripple XRP is stuck in a downside trend as it has for several months and even years. Ripple XRP has been the worst-performing of the top 5 tokens for the last two years. Despite all the developments Ripple has made as a company, the token has continued to struggle. A few days ago, the XRP token lost key support at $0.2000. As noted in our Ripple News at the time, the fall below this level didn’t mean any positive for XRP. Since XRP failed to move above this level, the token fell even lower to the $0.1900 level. Yesterday, things became worse for XRP when it fell as low as $0.1800. The new week might see the price of XRP fall even lower against the USD.

Ripple News Today – Ripple XRP is Now Trading in Green But There Still Isn’t Enough Bullish Momentum

XRP (XRP) Price Today – XRP / USD

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This morning, the price of Ripple XRP started trading higher against the USD. The token entered the day up by 0.43% reflecting a $0.0005 surge in price. In the first 8 hours of trading, the token was still in green with a 0.27% increase from the opening price. The price marked two candles in a roll. The price of XRP this morning comes with a key change in XRP trading volume which has declined steadily over the last seven days. The XRP trading volume is down by 42.84% today than it was yesterday. However, it is much closer to the volume of XRP eight days ago with a difference of 9.99%.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

At the time of writing, the price of XRP is $0.187397. It is up by 0.25% against the USD and down by 0.44% against Bitcoin BTC. The trading volume is $973,491,532 and the market capitalization is $8,293,777,811. The price is near the 20-day moving average and the 100 days moving average at the same time. So, there is a strong chance that the momentum for XRP will change soon. There is strong support for XRP at the $0.1800 level but even strong resistance at $0.2000. Before a key recovery can be confirmed, XRP must find a way to move above the $0.2000 level again. In the next fee trading sections, we will be able to determine what direction XRP will take.

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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