Home / Ripple News / Ripple is witnessing a terrible bearish trend in the present scenario; Ripple Price Analysis

Ripple is witnessing a terrible bearish trend in the present scenario; Ripple Price Analysis

While on hand the Bitcoin is consistently climbing up the ladder of insane highs, there are some major altcoins that are facing terrible downtrends on the other hand.

As of now, the Bitcoin price surged to $12,000 quite smoothly but Ripple has seen one of the worst downtrends in its journey.

At present, the Ripple price is witnessing the support of $0.4580 and is constantly struggling to attain more highs. As far as the present price is concerned, it seems to be in the midst of $0.4500 to $0.4580 but there is a strong sign of decrement below $0.4800 and $0.4850 resistance levels.

Speaking about the bulls in the market, they are constantly trying to achieve a convincing close which is above the yesterday’s bearish trend line with resistance near $0.4700 on the hourly chart of the XRP/USD pair.

The part that must be noted here is the fact that if the bulls succeed in this, the price may witness the $0.4770 resistance level.

Moreover, as soon as there is an upside break above $0.4770, the next key resistance might be near the $0.4800 level. And the fact that must be kept in mind as of now is there is a better probability that ripple might witness a better bullish trend if it reaches above $0.4850 as well as $0.4900

  • 2

About Zaryab Afser

A stock market trader, a blogger , a cryptocurrency enthusiast ... Awareness of proper trend and Action at the correct time are the 2 most imperative tools to succeed in the crypto world. He will undoubtedly provide you with the first tool. Moreover he ensures that his readers never miss any data or news of the crypto world that might end up shifting your trade to the zenith of its glory. Cheers.

Check Also

Final Payment of 20 million USD For an advance move in On-Demand Liquidity by Ripple

Ripple’s 260 Million XRP transferred to Wallet of Former CEO

Ripple’s native token XRP, the top third cryptocurrency in market recently been in news for …

Leave a Reply

Your email address will not be published. Required fields are marked *