Ripple News Today – XRP Might Be Primed For a Sustained Bullish Rally Above $0.2000 Level – July 24th, 2020

XRP2
  • Ripple XRP Crosses the $0.2000 Level Sustaining the Bullish Rally to Achieve Higher Highs 
  • The Technical Indicators Show That the Token Might Maintain Its Bullish Momentum 

Ripple News Today – Ripple has finally broken out of the $0.2000 level and may be primed for a more sustainable bull run against the USD. This morning, the token started trading day in green, up by over 2% with higher highs to come. If XRP can move into the $0.2120 to $0.2150 range, there is a strong chance that it will steadily move higher against the USD near-term. A few hours into trading this morning, the token had successfully broken several resistance levels including the resistance at $0.2050. This move to the $0.2050 level came right after the token managed to cross the $0.1990 level.

Ripple News Today – Will XRP Maintain The Bullish Momentum Mid-term

The technical indicators for XRP are currently moving to the bullish level. The MACD is gaining bullish momentum, and the relative strength index is moving above the 55 level. There is currently support at $0.2020, $0.2000 and $0.1985 while there is support at $0.2050, $0.2120 and $0.2150. As long as the token can maintain the support at the $0.1920 level, it stands the chance of moving higher and higher against the USD. It also moved above the 100 simple moving average.

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XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.301
2.70%

At the time of writing, the price of the XRP token was $0.204399. It is up by 0.86% against the USD and up by 0.62% against Bitcoin BTC. The trading volume over a 24 hour period is $1,743,786,781 and the market capitalization is $9,167,050,781. After trading above the weekly high at $0.2055, the token corrected lower against the USD settling down around the support at the $0.2040 level. After the support at $0.2040, there is another support at $0.2025. This is also the 23.6% Fib retracement level from the last move from $0.1916 to $0.2055.

Ripple XRP Price Prediction 2020 – XRP Latest Price Prediction 2020 

Even if Ripple XRP has settled above the $0.2000 level and there is hope that it will move higher against the USD near-term, there is still a strong chance that the token will correct back to the $0.1900 level soon. Moving above the $0.2055 level will take the price as high as $0.2120. Sustaining the hold will take the price as high as $0.2150 level. On the bearish side, a break below the $0.1985 level might move XRP to lose the resistance at $0.1965 and eventually $0.1900 level. The next few trading sessions will help us determine if the bulls will maintain the bullish momentum for a long time.

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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