- Ripple XRP is Trading in Red But the Support at $0.1900 is Holding Steady to Prevent Lower Lows
- Ripple XRP Faces Key Resistance at $0.1250, if the Token Moves Above this Level, Higher Highs Will Come Near-term
Ripple News Today – Ripple XRP finally gained momentum toward the end of trading last week. The token made significant gains and crossed above $0.2050. The $0.2050 level was where the token found resistance against the USD and started correcting lower. While XRP is currently trading in red, it is still holding steady above the $0.1900 level. The rally against the USD started slowly after XRP reached the $0.1700 level. However, the intensity of the rally increased when the token got to $0.1800 pushing it to rally above $0.1920 and eventually above $0.1950. On Friday, the token gathered the momentum it needed to move above $0.2115 for the first time in months. What does the near future hold for XRP?
XRP (XRP) Price Today – XRP / USD
Ripple News Today – XRP Price Ranges Between $0.1980 and $0.2050
Ripple XRP has settled above the 55-day simple moving average in the 4-hour candle. When the token reached the $0.2115 level, that was the first time it moved that high in more than a month. It managed to break the 50% Fib retracement level of the last move from $0.1834 to $0.2115. As XRP corrected lower against the USD, it found support at the $0.1950 level but remained well bid above the 61.8% Fib retracement level of the last surge from $0.1834 to $0.2115. There was a crucial breakout pattern that formed on the charts with resistance near the $0.2000 level.
At the time of writing, the price of XRP is $0.200476. It is down by 0.29% against the USD and down by 0.28% against Bitcoin BTC. The trading volume over a 24 hour period is $914,725,905 and the market capitalization is $8,872,628,357. While the token is hovering above the $0.2000, it must successfully break the $0.2050 level if higher highs are to come soon. The MACD is moving to the bullish territory slowly and the relative moving average is now above the 50 level. There is key support at $0.1900, $0.1920, and $0.1980. Upward, there is resistance at $0.2050. The next few days of trading will determine what direction the price of the token will take near-term. If the rest of the market recovers higher, the XRP token will most likely gain the momentum it needs to move above that $0.2050 paving the way for higher highs and possibly a rise above $0.3000 for the first time in months.