- Ripple XRP has Found Stability Above the $0.24 Level Following Days of Bullish Momentum
- Analyst Predict that XRP Might Retest the $0.2700 Level After the Next Bull Run
XRP Price Prediction – The XRP token has been trading sideways over the last seven days but the bulls have maintained some control over the market. The token moved as high as $0.2500 targeting the $0.2620 resistance before the bears took control of the market briefly dragging the token lower. Since then, the XRP token has hovered above the $0.24 level but faced key resistance near the 100-day moving average. The good news is that the XRP token has broken the 2-month downtrend against Bitcoin BTC.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
At the time of writing, the price of the XRP token was $0.2398 level. The token is down by 1.40% against the USD and down by 1.00% against Bitcoin BTC. The trading volume over a 24 period was $1,627,945,301 and the market capitalization was 10,825,785,234. The token has created immediate support at $0.237. depending on the price action of Bitcoin in the next few days, it might either remain above this level or fall lower to the next support at $0.228. The most reliable support at this time is at the $0.22 level. The XRP token found this support after it fell below the 618-fib retracement level of the last fall to $0.228.
While the XRP token is currently on a sideways trend, there is still a strong chance that it will move upward in the next few trading sessions.
First things first, XRP has moved above the resistance at the $0.251 level. Right after the token successfully moves above this resistance, it will face another resistance at $0.261. The third and most important resistance near-term will be at the $0.271 level. We cannot confirm that the bulls have taken full control of the market until it moves above the $0.271 support. The XRP token might have lost the support at $0,2400 but it is still above the 100 daily moving average. There is strong selling pressure around the $0.25 level and the bulls have been unable to rise above this resistance in the last few days of trading.
As the XRP token is trading sideways against the USD, it is relatively bullish against Bitcoin BTC. The token has successfully broken a 2-month bearish pressure. The token has found support around the 2250 SAT, 2200 SAT, and 2150 SAT levels. As expected, the token is facing resistance at the 2300 SAT, 2350 SAT, and 2400 SAT. Things are looking up for the XRP token against Bitcoin BTC. There is a strong chance that the token will move higher near-term both against Bitcoin and the USD. In the next few days of trading, the XRP token will either move higher or correct lower against the USD.
