XRP has had a boost of 10% within the last few weeks of this month. As the month gradually comes to an end, how is XRP doing? Will the token be able to beat the bear run and give way for the bulls or will the bears continue to oppress the bulls until the end of the month?
Right now, the medium-term outlook of XRP is bullish with resistance levels at $0.65, $0.61, $0.63 and support levels at $0.36, $0.40, and $0.38. The price was bullish throughout Monday and Wednesday. On Thursday, however, the bullish pressure subsided.
XRP (XRP) Price Today – XRP / USD
On the 15th, there was a pullback that took the price below the resistance at $0.50 to as low as $0.46. The bullish momentum eventually returned and it pushed the price as high as $0.49 but it fell to the $0.48. It tried to break the resistance at $0.50 again but it was unable to. The signal line and the MACD line are both above the zero line showing that the buyers are about to take over the market. The price was also above the 26 and 12 day EMA to show that the bulls are still in the game.
XRP (XRP) Price Now
Today, however, XRP is red against the USD and against Bitcoin. The price action is sideways and the two EMAs are below the price. This shows that the bears are taking over. The bearish pressie is rather surprising because XRP was looking bullish yesterday. Against the USD, XRP is currently 2.22% lower at $0.455281 and 1.54% lower against Bitcoin.
Over a 24 hour period, the trading volume is $426,994,745 and the market capitalization is $18,210,150,390. The entire market is bearish this morning. While it’s not yet clear why this is happening, there is hope that XRP will improve before the end of today. If it doesn’t go up before the end of the day, it will be a bloody weekend to come.