Latest XRP Price Analysis Indicates Signs Of Breaking On A Higher Note

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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 prices are surging up above the crucial level of $0.19000
  • The cryptocurrency is performing positively in the market with gain in its prices.
  • The XRP/BTC pair is also performing positively with the overall gain of 0.72 % bringing the level to 0.00002686.

xrp1

The XRP prices climbing gradually towards the current crucial resistance level of $0.20000

Currently, prices are trading above the range of $0.19000 and it seems they can maintain this steady climb. If Ripple prices break the resistance level of $0.2000, they can have the desired bullish momentum and can acquire further heights. 

XRP prices are maintaining their upsurge by the support of the price level of $0.1800. With the help of this crucial price level, XRP managed to find a breakthrough and currently, it seems like Ripple also acquired the support of $0.1900

The current market capital of Ripple is $8,565,077,901, with volume traded of $1,910,034,101 USD and the circulating supply of 44,089,620,959 XRP.

xrp2
Source:tradingview

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

The technical indicators and oscillators are showing an increase in the buying volume of the cryptocurrency. Prices are trading with bullish momentum.

The MACD levels are showing that there is an increase in the buying volume of the cryptocurrency and the level is overtaken by the buying volume. It is also clear that selling volume catches up with it, indicating that there could be chances of negative trade.

The 24hr – RSI is trading in the bullish zone above the crucial level of 50 after taking a positive divergence from the bearish zone and it can continue this pattern for the further heights.

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

Resistance Level: $0.2200

Support Level: $ 0.1900

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