Ripple News Today – Top Headline for Ripple XRP

  • XRP Price Retesting the $0.30 Level 
  • XRP, Top Gainer Among All Cryptocurrencies

 

Cryptocurrency traders seem to be having the same view on XRP recording a massive trading profit in the long-term. There is the possibility of XRP retesting the $0.30 level soon, having reached the $0.30$ level, XRP has stopped its growth and has been rejected again, this development did not come as a surprise to traders. Although they are anticipating the $0.30 level retest, and hope it will be successful.

Currently, Ripple’s XRP is standing on weekly support, the next break and retest of this trend line will occur in the next few days. That will be the period when XRP will reach 35-36 cents. Currently, XRP is the top gainer among all cryptocurrencies, the trading rate has surged by more than 5%.

XRP market cap is at $12 4560 650 573, the trading price at $0, 288663, 24-hour trading volume at $1 395 652 494 and 24-hour change at 5, 01%. XRP is recently moving in the ABC corrective wave, it has concluded the 5 wave Elliot cycle, from which it created a triangular frequency.

XRP, Top Gainer Among All Cryptocurrencies 

The downward triangular frequency which was created has always been linked with a lot of flaws, this is because the patterns could breakout from either side. This is why some analysts are advising traders to wait for a price confirmation before making any trading decisions. The FIB 382 is around 0.25 has stood as a major support level for over a year and still, the bulls are strongly protecting the support level. The possibility of things remaining at a critical point is high unless the trading price and volume experience a massive price surge.

The 21 weekly EMA of XRP key resistance is at 0.3 level break and the weekly close is what will determine the next rally if it is above this level.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.260
-1.61%

There is a bullish trend forming against the XRP/BTC pair which is close to the hostile spike again. Also, there is a bullish variance on the RSI, the trading price has concluded about 20 days above the 1 Day MA50, and this is the first time since December 2018, the previous happening ended in a major bullish trend. 

On the 4H chart, XRP is close to the psychological level at $0.30, the coin still can achieve the level. Although, it is looking like it will bounce back to $0.2830 which is the closest support level. There is an upcoming price correction at the oversold RSI.

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.

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