- Buy Signal Is Triggered as XRP Reaches New Lows in Never Ending Downturn
- XRP Must Retest the Resistance at $0.2000 to Prevent Lower Lows Against the USD
Ripple News Today – The current XRP price action is leaving traders wishing that the stagnation in price remained. After staying above the $0.2000 for weeks, XRP finally fell below this level and has been on a slow but steady decline since then. While the decline is annoying for XRP holders, it also gives them a perfect opportunity to purchase more tokens as the buy signal has just appeared on the price chart. This hasn’t stopped the token from receiving negative feedback from the entire cryptocurrency community. The number of people who are losing faith in Ripple and its XRP token is growing daily.
Ripple News Today – XRP Buy Signal Gives Traders a Chance to Buy the Deep
As XRP is falling against the USD, it is also falling against Bitcoin BTC. The guy signal showed up in the XRP/BTC trading pair. According to the XRP price analysis on NewsBtc, says that this is a critical do or Die period. XRP is far lower than its all-time high. It’s hard to believe that the price of XRP moved from $0.23 to $3.50 within a few weeks during the 2017/2018 bull run. Since the token peaked, it has been on a steady decline safe for a few relatively small price surges. XRP is still down more than 94% from its all-time high. It has even lost its position as the third-largest cryptocurrency per market capitalization and is now in 4th place.
XRP (XRP) Price Today – XRP / USD
Ripple XRP might be up for a long-term recovery thanks to this buy signal that has appeared on the chart. In the past, when the XRP token fell to a similar pivotal support level last time, a 1000% spike in price gradually followed. There are no guarantees that history will repeat itself but we should not rule out our options. Despite what analysts might say, there is a strong chance of a price drop than a price surge for XRP.
The price of XRP is currently $0.188724. This means that it’s up by 0.16 against the USD. Against Bitcoin BTC, it is down by 1.36. The trading volume over a 24 hour period is $1,202,459,752 and the market capitalization is $8,352,505,647. If you choose to buy and hold, try not to purchase the token aggressively. But smartly and hope that it will surge soon.