Ripple (XRP) Must Stay Above $0.1580 For Further Climb

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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.
  • Ripple could gain heavy bullish momentum if they manage a breakthrough above the price level of $0.1650
  • The XRP/BTC pair is performing positively with the overall profit of 0.53% bringing the level to 0.00002436.  Ripple1

The XRP prices are making a steady climb, even after facing fluctuation, and many times prices tried to surpass the price level of $0.1640 and $0.1650.

Currently,  prices are trading below the range of $0.1650 and it seems like they are planning their next move. If Ripple prices break the resistance level of $0.1650 there will be continuous growth in the prices.

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XRP prices are accompanied by the support of the price level of  $0.1450. With the help of this crucial price level, XRP managed to break the resistance level of  $0.1500 and $0.1550  but to break the resistance level of $0.1650 they really need to find a stronghold near their current trading zone.

The current  market capital of Ripple is $7,089,468,498, with volume traded of $1,886,592,663 USD and the circulating supply of 43,906,191,900 XRP.

XRP Price Analysis

Ripple2
Source:tradingview

The Technical chart reflects that  XRP prices are trying to make a comeback in the market. Currently, prices are trying to make a steady climb but yet they are suffering variation.

The technical indicators and oscillators are showing an increase in the selling volume of the cryptocurrency. Even after acquiring bullish momentum prices are again showing negative signs as there is a decrease in the buying volume of Ripple.

The MACD levels are showing that there is an increase in the selling volume of the cryptocurrency and the level is overtaken by the selling volume. There is a flat trade indicating there are chances buying volume can make a move.

The 24hr – RSI is trading in the bullish zone above the crucial level of 50 with indications that it can maintain this region.

The 24hr-CCI is in the normal zone after coming down from the over buying region.

Resistance Level: $0.1650
Support Level: $ 0.1450

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