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
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