Ripple (XRP) Prices Facing Heavy Resistance Due To The Price Line Of $0.2000

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 performing positively in the market but facing heavy resistance.
  • Ripple price’s Upsurge coming short against the resistance level of $0.1990
  • The XRP/BTC pair is not performing well with the negative change of -0.17 % bringing the level to 0.00002558.

The XRP prices were climbing gradually towards the crucial resistance level of $0.2000

Currently, prices are trading above the range of $0.19600 and it seems like they are able to maintain their dominance over this level. If Ripple prices break the resistance level of $0.19000 and maintain it then prices can have strong momentum to the level of $0.2000 

XRP prices are maintaining their upsurge by the support of the price level of  $0.19600. With the help of this crucial price level, XRP managed to developed a gradual rise in them as well even if they are facing heavy variations, this level is holding prices at best and also priming them up.

The current  market capital of Ripple is $8,762,711,303 with volume traded of $1,856,570,071 USD and the circulating supply of 44,089,620,959 XRP.

Ripple (XRP) Price Analysis

xrp1
Source:tradingview

The Technical chart reflects that  Ripple (XRP) prices are trying to overcome the heavy variations in them due to the price level of $0.1990. They are facing strong bearish resistance at the current trading level.

The technical indicators and oscillators are showing an increase  in the buying volume of the cryptocurrency. Even trading with the volatility prices is showing some positive signs as there is an increase in the buying volume of  Ripple which can lead them out of current hindrances.

The MACD levels are showing that there is an increase in the buying volume of the cryptocurrency and the level is again about to overtake by the buying volume but selling volume might again present competition as they are toe to toe with each other.

The 24hr – RSI is trading in the bullish zone above the crucial level of 55 after taking a negative divergence from the heavy bullish zone.

The 24hr-CCI is trading at the top of the normal zone after coming down from the over buying region.

Resistance Level: $0.19000

Support Level: $ 0.19600

 

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