Ripple News Today – XRP Price Pull Back After Surging by 10% in Market-wide Rally – July 27th, 2020 

XRP price prediction
  • Ripple XRP Rises by More Than 10% Crossing Key Resistance Levels in Market-wide Rally 
  • XRP Price Pulls Back, Correcting Lower Against the USD as Altcoins Recover

Ripple News Today – This last weekend was a joyful one for every member of the cryptocurrency industry as tokens rallied along with Bitcoin. The first token to surge was Cardano ADA understandably but it wasn’t long until other tokens followed. Ripple XRP surged as well even if it moved at a slower pace than other tokens. The recovery was much needed and it came as a breath of fresh air for members of the XRP community. However, the surge has been followed by a pullback as is normal in the cryptocurrency industry. With a sell signal on the charts, will the XRP token lose all its recent gains?

Ripple XRP News Today – XRP Rises by 10% But Corrects Lower Shortly After

Ripple XRP’s surge by 10% is impressive considering its poor performance over the last few months. However, it is still a far cry from its all-time high and it still isn’t doing as well as other top tokens. It’s still far from its recent drop to $0.1500. At the time of writing, XRP had successfully moved above the $0.216024 level. It was correcting lower by 2.95% against the USD and 7.12% against Bitcoin BTC. The trading volume over a 24 hour period was $1,398,090,068 and the market capitalization was $9,688,392,510. As the price declines, there is a strong chance that it will lose recent gains.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.301
2.68%

According to the XRP price prediction on NewsBtc, a sell setup has appeared on the charts and it might be the end of XRP’s weekend recovery. The 9 sell setup was triggered on the price charts this morning and it was perfected by the TD Sequential indicator. Things aren’t set in stone but if the sellers are to prevail, there is a strong chance that the token will fall by up to 12% against the USD.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

The Ripple XRP token has been on a downtrend for more than 900 days. All the attempts of the bulls to push the token higher have been ruined by the bears. Their grip on the market is too strong. So, a decline from current highs would not come as a surprise. If an uptrend starts, XRP will be a long way from catching up with other tokens in the market. Even if 2020 has been a relatively good year for tokens, XRP is still the worst-performing. It has even lost the 3rd position on CoinMarketCap to Tether. Considering the rate at which Cardano ADA is rising, there is a strong chance that it will take the 4th place from XRP if it keeps rising.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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