Ripple (XRP) Is Showing Positive Signs Above The $0.1550

Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • The cryptocurrency is maintaining sustainable climb and Ripple prices are up by 6%.
  • Ripple also recovered the loss due to the market collapse and with its current pace, it achieves higher limits with ease.
  • The XRP/BTC pair is performing negatively with the overall loss of -4.82% bringing the level to 0.00002417.

The XRP prices are making a steady climb, even after facing fluctuation, prices managed to get over the loss due to the market collapse.

If Ripple prices break the resistance level of $0.1650 there will be continuous growth in the prices. Prices form strong support near the price level of  $0.1450. With the help of this crucial price level, XRP  manages to break the resistance level of  $0.1500 and $0.1550.

The current  market capital is $7,120,893,066, with volume traded of $2,339,294,471 USD and the circulating supply of 43,842,625,397 XRP.

XRP
Source:tradingview

The Technical chart reflects that bulls are trying to make a comeback. Currently, prices are trying to make a steady climb but yet they are suffering volatility.

The technical indicators and oscillators are showing an increase in the buying volume of the cryptocurrency. Even after acquiring bullish momentum prices are again showing negative signs.

The MACD levels are showing that there is an increase in the buying volume of the cryptocurrency yet there are chances of variation.

The 24hr – RSI is trading in the bullish zone but it started acquiring a light negative divergence.

The 24hr-CCI is about to touch the normal zone after climbing down from the over buying region, it is a negative indication that ripple’s XRPis suffering a decrease in the buying volume. 

Resistance Level: $0.1650
Support Level: $ 0.1450

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