Latest Ripple price and analysis (XRP to USD)
XRP continues to trade within a bearish range following another gruelling rejection from the daily 200 moving average.
Until it can break above the 200MA a move to the downside seems most likely, with potential targets emerging at $0.175 and $0.148.
At the time of writing XRP is trading at $0.198, just below the psychological level of resistance at $0.20, which has been a bitter point of rejection since the turn of the week.
From a macro perspective there is also a lack of optimism when it comes to XRP’s chart, with it forming three consecutive lower lows from February’s high of $0.348.
February’s short-lived surge was the only time that XRP has traded above the 200MA in more than 12 months.
This, coupled with dwindling trade volume, demonstrates the tell-tale signs of a bear market that suggests XRP could dive far lower in the coming months.However, it’s worth pointing out that XRP has remained relatively resilient since its capitulation low of $0.135 on March 13 with a rise of 48% in that period.
When considered alongside the impressive news stemming from the Ripple Foundation in recent weeks, XRP may well have established a foundation for an uptick but that would only come into fruition if trade volume returns to its trading pairs.
Latest Ripple price
Current live XRP price information and interactive charts are available on our site 24 hours a day.
The ticker bar at the bottom of every page on our site has the latest Ripple price.
Pricing is also available in a range of different currency
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Until it can break above the 200MA a move to the downside seems most likely, with potential targets emerging at $0.175 and $0.148.
At the time of writing XRP is trading at $0.198, just below the psychological level of resistance at $0.20, which has been a bitter point of rejection since the turn of the week.
From a macro perspective there is also a lack of optimism when it comes to XRP’s chart, with it forming three consecutive lower lows from February’s high of $0.348.
This, coupled with dwindling trade volume, demonstrates the tell-tale signs of a bear market that suggests XRP could dive far lower in the coming months.However, it’s worth pointing out that XRP has remained relatively resilient since its capitulation low of $0.135 on March 13 with a rise of 48% in that period.
When considered alongside the impressive news stemming from the Ripple Foundation in recent weeks, XRP may well have established a foundation for an uptick but that would only come into fruition if trade volume returns to its trading pairs.
Latest Ripple price
Current live XRP price information and interactive charts are available on our site 24 hours a day.
The ticker bar at the bottom of every page on our site has the latest Ripple price.
Pricing is also available in a range of different currency
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
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