- Ripple XRP Starts the Day Higher by 0.55% Against the USD But Moving Above $0.1900 Remains Far-fetched
- Ripple XRP is Responding to the Negative Price Action of Bitcoin and Other Cryptocurrencies
Ripple News Today – Ripple had a rough week. Since the price of the token fell below the $0.1900 level, the risk of lower lows has been imminent. This morning, the token resumed better against the USD. It started the day trading higher by 0.55% against USD compared to yesterday’s trading price. This isn’t a significant price change and it wasn’t long before the token fell by 0.33% against the USD. This was right after the first 4 hours of trading this morning. The token started to hover around the $0.1825 level for a while and it was the worst-performing token out of the top 5.
Ripple Price Analysis – Ripple XRP is the Worst Performing of the Top 5 Tokens
XRP (XRP) Price Today – XRP / USD
Compared to Bitcoin BTC, Ethereum, ETH, and all the other top 5 tokens, the XRP token is the worst-performing cryptocurrency. It has been the worst-performing token for the last seven days, and even for the last few years if we want to be realistic. When the token experienced stagnation in the $0.2000 level for many months, traders were angry and discouraged but it was still better. In our XRP prediction at the time, we noted moving above the $0.2000 level was essential for breaking resistances. Unfortunately, the token failed to make this progress. Instead, it fell below $0.1900. After hovering above this level for about two weeks, the token fell again to the $0.1800 level where it has been stuck for the last week.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
Opening higher by just 0.55% might appear insignificant but this is the first time it is happening in more than 3 days. The token opened lower on Friday, Thursday and Wednesday. The volume for the token was also stronger by 20.76% today from yesterday’s volume. It is also up by 20.58% from last Saturday’s volume. At the time of writing, the price of the token was $0.183251. It is up by 1.39% against the USD and up by 1.47% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,157,279,048 and the market capitalization is $8,110,280,332. The token is moving closer to the 20 day moving average. Even if the token is now trading in green, there will be no bullish momentum until it can successfully cross the $0.2400 level. The next few trading sections will determine how the token will trend.
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.