In cryptocurrency latest update, XRP and Bitcoin have shown slight improvements in the crypto market over the last twenty-four hours. Expectations for the coins’ value by the end of the year are still high. Both coins seem to be having a good ride since yesterday; managing to gain a small but significant momentum in the market. The volatility experienced in the market in the last few days could not deter the momentum of both coins.
Ripple News Today – Ripple Is Heading Towards $0.34 Again – Ripple Price Analysis – Ripple latest update
In Ripple price analysis, the Ripple (XRP) coin seems to be heading towards $0.34 again. The coin may soon cross the $0.32 mark. The price of the coin just went above its 5-day SMA and its 20-day SMA. From the coin’s performance based on statistical analysis, it is currently showing a bullish tendency and is trading under selling pressure. Since yesterday the coin has held a stronghold above the $0.31 mark, showcasing a bullish trendline against the US Dollar. In other news, crypto top coin, Bitcoin has moved away from the slender price range of below $9,500 and is trading above $9,700 as at the time of writing. The general crypto market is currently displaying some Bullish vibes at the total market capitalization has increased from $261.44 billion to $268.45 billion in the last twenty-four hours.
During yesterday’s market, Ripple’s XRP traded between the range of $0.30 to $0.3141. Since then (starting from 11:08 UTC, the coin has shown stability above $0.31. When XRP was trading at $0.3066, it had fairly strong support and slowly climbed to $0.3195. The coin hits its twenty-four-hour high, going up by 4.99% from the support level and traded at $0.3219. XRP traced a downward correction from that point at $0.3165. However, the coin has traced a Bullish trendline.
The coin seems to have continued with its upward trend today. The price of the coin was $0.3195 at 05:17:06 UTC. The price of the coin has gone up by 2.73% over the last twenty-four hours. Its current price is a little above its 5-day SMA and 20-day SMA which shows that the coin is on a steady increase. However, the coin trading lower than its 30-day SMA and is under selling pressure.
XRP (XRP) Price Today – XRP / USD
Ripple’s XRP coin is projected to meet a resistance above the $0.32 mark. The coin must clear this resistance or it will experience a price drop. The coin is observed to have a support level near $0.32 at the moment. If the coin doesn’t hold back on its steady increase, it may soon trade at $0.34, according to CryptoNewz.
Ripple News Today – Technical Indicators Show Increase In The Coin Price – Ripple Price Prediction – XRP Price Analysis
The coin’s MACD chart shows low volatility. Although there are indications of a Bullish price for the coin as its MACD line is above the signal line. The RSI for XRP/USD pair is close to 60 and there are no extremities observed. The coin may face resistance at the $0.3233 and $0.3281 levels as well as support levels at $0.3107 and $0.3029.
XRP is currently trading at the bearish zone just like every other top coin in the crypto market. New and existing users of the coin are well-advised to consider the resistance and support levels of the coin before carrying out any trading activity. This will help them engage in safer trades. XRP prices can still reach a high of $0.7 before the end of the year — as we hope for a fantastic 2019.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.