XRP (XRP) Shows Positive Signs as It Starts A Strong Recovery Over The 39 Cents Mark

XRP (XRP) has been showing some positive signs over the past couple of days. While other digital currencies were correcting lower yesterday, the price of XRP was surging higher. All the top digital currencies in the market are now trading in the green, and the price of XRP is still posting some gains. The crypto market has been somewhat stagnant over the past few days. Bitcoin (BTC), XRP (XRP), and other digital currencies have been trading in a tight range. The price of Bitcoin (BTC) has been hovering around the $11k level over the past couple of days.

XRP (XRP) Price Today – XRP / USD

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The price of XRP is showing a couple of positive signs over the 39 cents mark against the USD. The digital currency even recently recovered against Bitcoin (BTC). The price of XRP recently broke over the 41 cents mark, but it looks like it has found bids close to the 39 cents mark.

XRP Recent Price Trend – Cryptocurrency Market Update – XRP News Today – Cryptocurrency News Today

Recently, the price of Bitcoin (BTC) settled over the $11k mark and started trading in a tight range. Nevertheless, the price of XRP started an uptrend after it plunged to the 37 cents support area. XRP USD price surged over the 39 cents mark to move into a positive area. There was also a break over the 40 cents resistance level and the 100-hourly simple moving average. The price of XRP even surged over the 41 cents level and formed a news swing high at the $0.4109 mark before it started a downward correction.

XRP USD price plunged below the 40 cents mark. It even broke below the $0.3950 support level. The price of XRP tested a low of $0.3860 before it started correcting higher. XRP USD price bounced back over the 39 cents mark and the 100-hourly simple moving average. XRP price also broke over the 50 percent Fibonacci retracement level of the previous swing from the high of $0.4108 to the low of $0.3863.

At the time of writing, the price of XRP is slightly below the 40 cents mark. It seems like the 40 cents mark is acting as the immediate resistance of the coin. The price of the digital currency failed to break over the 61.8 percent Fibonacci retracement level of the previous swing from the high of $0.4108 to the low of $0.3863. The immediate support of the coin is at the $0.3920 mark. Moreover, there is a formation of a key bullish trend with support close to the $0.3920 mark on the hourly chart of XRP against the US dollar.

XRP Price Will Bounce Back Soon – XRP Price Prediction 2019 – XRP USD Live Price – XRP News Today – Cryptocurrency Market Update

The price of XRP will breakout very soon, according to some top analysts. There are lots of bullish XRP news today that would contribute to the massive recovery of the digital currency. Its parent firm – Ripple Labs – has been working towards the mainstream adoption and use cases of the digital currency. Recently, XRP enthusiasts were suggesting massive use for xRapid if the product is used on OTC exchanges. The would significantly boost the adoption as well as the price of XRP.

At the time of writing, XRP USD live price is $0.3950 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $16.78 billion. The trading volume of XRP over the past day is $1.11 billion.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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