Ripple (XRP) Acquiring Level Of $0.2000, Leads Bulls For And Extreme Breakout

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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.
  • The cryptocurrency is performing positively in the market with heavy gain in its prices.
  • Ripple prices are surging up but now facing a minor resistance due to the crucial level of $0.221000.
  • The XRP/BTC pair is not performing well with the negative change of -1.38% bringing the level to 0.00002644.

The XRP prices are climbing gradually towards the current crucial resistance level of $0.221000

Currently, prices are trading above the range of $0.22000 and it seems like they are able to maintain this steady climb. If Ripple prices break the resistance level of $0.225000 and maintain it then prices can have strong momentum to the level of $0.30000 

XRP prices are maintaining their upsurge by the support of the price level of  $0.21500. With the help of this crucial price level, XRP managed to  climb up against the level of $0.22000 and currently, it seems like Ripple is stumbling a bit upon the level of $0.220600

The current  market capital of Ripple is $9,732,758,218 with volume traded of $2,726,420,631 USD and the circulating supply of 44,112,853,111 XRP.

XRP2
Source:tradingview

The Technical chart reflects that  XRP prices are performing well and trying to overcome the price level of $0.22000 in the market and looking strong with a heavy bullish momentum in them.

The technical indicators and oscillators are showing an increase in the buying volume of the cryptocurrency. Even after a continuous trading session with the bullish momentum prices are still showing positive signs as there is an increase in the buying volume of Ripple.

The MACD levels are showing that there is a heavy increase in the buying volume of the cryptocurrency and the level is overtook by the buying volume and selling volume is fading against the strong bulls.

The 24hr – RSI is trading in the heavy bullish zone above the crucial level of 75 after taking a positive divergence from the heavy bullish zone.

The 24hr-CCI is coming towards the normal zone after coming down from the over buying region with a heavy fall in them.

Resistance Level: $0.221200

Support Level: $ 0.22000

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