- The Price of Ripple hits a weekly high of $0.2872 against the US dollar on 8th October, XRP seems floating in the bullish zone after correcting gains.
- Ripple is currently trading at the value of $0.278970 against the US dollar.
- Support for XRP/USD pair found at $0.2720, $0.2700, and $0.2650.
- Resistance for XRP/USD pair found at $0.2800, $0.2850 and $0.2920.
Current Price Status of Ripple: Currently, the currency is trading at the value of $0.278970 and its value is increasing by 1.37%. The market capitalization of the currency is $12,042,227,737 and the 24-hour volume of the XRP is $1,373,217,032. The circulating supply of the currency is 43,166,787,298 XRP and the ROI of the currency is 4,649.36%.
Price Analysis of XRP: Ripple is starting to show the bearish correction in the price against USD and BTC yesterday. The experts are thinking that the currency could re-test the support levels of $0.2700 and $0.2650, then it will go for the bullish run of $0.28. Yesterday, the currency’s value went above the resistance of $0.2650 and it even breaks out the resistance levels of $0.2720 and $.2750.
The currency has broken overhead the value of $0.2800 and then hourly SMA of 100-day. The Ripple’s value also examined the region of resistance near the value of $0.2850, but unfortunately, the bearish correction started here after forming high at a value of $0.2855. The bearish broke the support levels of $0.2800 and $0.2750, also the support level of $0.2720 acted as strong support and today the currency crossed the resistance of $0.2750 (previous support).
The currency is trading overhead the fib retracement level of 50% of the present drop from the high of $0.2855 to low of $0.2710. Ripple also formed a low value of $0.2710 yesterday. The value of $0.2800 is acting as a strong hurdle for the bullish rally. Also the fib retracement level of 61.8% of the present drop from the high of $0.2855 to low of $0.2710 is there as a resistance.
Price Prediction of XRP/USD: On the hourly chart of the pair of XRP/USD, the currency is forming a short-period breakout structure along with the resistance close to the value of $0.2800. If the currency will be able to break above the value of $0.2800, then it would be able to touch the resistance of $0.2850. If the bulls run continue after this then it could achieve the price of $0.2950 and $0.3000. Unfortunately, if the currency’s value drop then it could go below the support of $0.2720 and $0.2700 and the currency’s bearish might continue. The next important support level is $0.26650 and an hourly SMA of 100-days.
The experts are positive if the value will first test the price of $0.2700 and $0.2650 in the short term and then it will start gaining need heights and achieve the values of $0.2800, $0.2850 and $0.2950. The MACS is gaining the bullish region support and the RSI is overhead 50 level. The main support levels are $0.2720, $0.2700, and $0.2650 and the resistance levels are $0.2800, $0.2850 and $0.2920.