- Ripple XRP Might Move Higher Near-term but it Must Move Above the $0.2000 Level First
- XRP’s Resilience Above $0.1900 is a Good Thing Despite the Current Downtrend
Ripple News Today – Over the last 48 hours, the XRP token has been stuck in the red zone against the USD. The steep decline in price is discouraging but the token has remained resilient above the key support at $0.1920. This support at $0.1920 has prevented the price from falling lower against the USD for the past few days. The next support after $0.1920 is at $0.1900 and staying above these levels might promote a more significant surge in the price of XRP. XRP might lead the next altcoin rally if the price surges as predicted.
XRP (XRP) Price Today – XRP / USD
Ripple News Today – XRP’s Price Has Held the Line Above the 100 Simple Moving Average
Earlier in the week, XRP fell below the $0.2050 support against the USD. After the token lost this support, it faced a steady decline moving lower and lower until it finally found support at $0.1920. This was after it moved below the 23.6% Fib retracement level of the last rise from $0.1740 to $0.22118. A bullish flag showed up near the $0.2025 level on the 4-hour chart. On the upside, there was resistance at $0.2025, $0.2020, and $0.2000. If the token is to make any significant progress, it must close successfully above the $0.2000 level and follow-through above the resistance to testing the $0.2100 level. The downside, there is support at $0.1889, $0.1900, and $0.1920 holding the price.
At the time of writing, the price of XRP was $0.190961. It was down by 3.40% against the USD and down nu 2.20% against Bitcoin BTC. The trading volume over a 24 hour period is $1,164,692,507 and the market capitalization is $8,451,529,173. While the MACD is currently in the bearish zone, it is slowly gathering the momentum it needs to move to the bullish territory. The relative strength index is moving to the 35 level. Things aren’t looking up for Ripple XRP but there is still a strong chance that the token will move higher against the USD eventually. The next few trading sessions will determine whether the XRP token will maintain the bearish price action or the bulls will take control of the market. XRP traders have been advised to act cautiously and prevent making any agressive move until the market shows more promise. If the token falls below the support at $0.1880, the sell out will be extreme and lower lows might be reached near-term.