- Ripple XRP Has Found Stability Above the $0.2400 Level
- Ripple XRP is Now Above the 100 Simple Moving Average and a Fresh Increase Might Be in the Way
XRP Price Prediction 2020 – Following a one-month-long correction, the XRP token seems to have gained some bullish momentum against the USD. For the last 72 hours, XRP has moved up to the $0.24 level after risking a drop to $0.22. The token has a lot of bullish momentum right above the $0.2480 level but this level is still acting as resistance near-term. The good news is that the XRP token is above the 100 simple moving average. If the token moves above the $0.2480 level, there is a strong chance that it will move higher against the USD to the next resistance at the $0.2580 level which is well above the 100 simple moving average.
XRP (XRP) Price Today – XRP / USD
XRP Price Prediction 2020 – XRP has a Bullish Outlook Mid-term
At the time of writing, the price of the Ripple XRP token was $0.244206. This shows that it is up by 1.70% against the USD and down by 0.40% against Bitcoin BTC. The trading volume over a 24 hour period was $1,505,421,243 and the market capitalization was $11,013,065,464. The most significant hurdles near-term are on the road to $0.2580. The hourly charts also show that an expanding triangle has appeared with key resistance near the $0.2600 level. This is according to the XRP price prediction on NewsBtc.
The technical indicators also show that the bulls are going to regain control of the market mid and long term. The MACD is moving into the bullish territory and the relative strength index is well above level 50. The token is facing key support at $0.2480, $0.2450, and $0.2400. When it comes to resistance. There are resistance levels at $0.2580, $0.2600, and $0.2750. The XRP token hasn’t tested the $0.3000 for a long time but there is hope that it will reach this level if the bulls manage to take the token above the resistance at $0.2750.
The pivot level for XRP at this time is $0.6200. Rise above this level will take XRP to the $0.2750 level, which is the most significant resistance mid-term. If the token fails to move above this level, it will face fresh declines and might risk moving back to the 23.6% Fib retracement level of the last surge from $0.2372 to $0.2580. With the token well above the 100 simple moving average, it might either remain stable around the $0.2400 level or move higher toward the $0.2620 level.