Ripple (XRP) Price Analysis: XRP Prices Proves The Positive Potential Breaking $0.20 Mark

Ripple (XRP) Price Analysis: XRP Bulls Attempting For $0.20 Mark

  • XRP is finally showing sustainability after breaking the resistance level of $0.18
  • The heavy downfall faced by ripple after touching the resistance area of $0.35 is coming to end.
  • The XRP/BTC pair is also performing positively with the overall gain of 0.52% bringing the level to 0.00002693 BTC.

Source: Coinmarketcap

From the starting of April, Ripple XRP

is enjoying pricing recovery due to the significant bullish momentum in the market. It crossed the major hurdle of $0.20 without any hesitation and reached its critical resistance area of $0.23. Due to which it started facing a heavy downfall which resulted in significant price pullback. It touched the major support level of $0.15 and currently broke the resistance of $0.18 too.

However, crossing the crucial mark of $0.20 will definitely be a positive sign for the cryptoasset. A break above the price level of $0.23 which pushes the current price of xrp to a safe zone. The current price is $0.18 with an overall gain of 1.93%. The market capitalization is $8,221,228,445 and volume traded of $1,777,310,336. 

Screenshot (242)
Source: Tradingview

The technical chart reflects on the bullish momentum build by Ripple from the starting of April which is later followed by the price recovery line. XRP touched its month-high of $0.23 during its bullish momentum and currently broke a resistance level of $0.18.

The technical indicators and oscillators suggest that the crucial price level of $0.20 will provide XRP the needed boost. MACD levels have reached the bearish zone with significant selling volume which is a negative sign. RSI is also reaching a neutral level of 50 in the graph with a positive divergence. CCI is also in the normal region but close to the oversold zone with positive nature.

Resistance level: $0.20 and $0.23

Support level: $0.18 and $0.16

Leave a Reply

Your email address will not be published. Required fields are marked *