Ripple (XRP) Prices Unable To Break The Crucial Level Of  $0.18600

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 prices are trying to surge up but facing resistance at the crucial level of $0.18600
  • The XRP/BTC pair is not performing well and suffering from the negative change of -1.69 % bringing the level to 0.00002732. 

The XRP Prices are trying to climb up but suffering a lot due to the bearish presence in the market and unable to climb gradually above the current crucial resistance level of $0.18600.

Currently, prices are trading above the range of $0.18200 and it seems like they are having trouble maintaining this steady climb. If Ripple prices break the resistance level of $0.18500 and maintain it then prices can have a strong desired bullish momentum to cross the level of $0.18600. 

XRP prices are trying to maintain a slight upsurge by the support of the price level of $0.18200. With the help of this crucial price level, XRP managed to climb up against the continuous fall and heavy variation and currently it seems like Ripple can also acquire the level of $0.18400 as their support level.

The current market capital of Ripple is $8,070,458,625, with volume traded of $2,275,991,361 USD and the circulating supply of 43,978,966,311 XRP.

XRP Price Analysis

XRP
Source:tradingview

The Technical chart reflects that XRP prices are trying to make a comeback in the market but facing bearish momentum in the current negative trading level.

The technical indicators and oscillators are showing an increase in the selling volume of the cryptocurrency. As prices are trading with the bearish momentum, prices are again showing negative signs as there is a decrease in the buying volume of Ripple and bears are taking full control over all aspects of the chart.

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. As this short term bearish momentum is turning into the medium term.

The 24hr – RSI is trading in the bearish zone below the crucial level of 40 after taking a negative divergence from the bullish zone.

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

Resistance Level: $0.18600
Support Level: $ 0.18200

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