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Ripple Value Analysis: XRP Bulls trading sideways

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  • The Cryptocurrency market has open today with a positive vibe, the price of all major cryptocurrencies is in recovery mode
  • Ripple price is up by 0.81% and it recently traded close to the $0.242754 level.
  • Yesterday, ripple closed the market near $0.244021 mark and is currently correcting higher.
  • The XRP major resistance levels are 
  • The XRP major support levels are $0.28017, $ 0.28046 and $0.28057

Current Status of Ripple: Ripple is currently trading at the value of $0.24448 and its value is increasing by 1.30%. The market capitalization for the currency is $10,517,891,766 and the 24-hour volume of the currency is $1,089,806,173. The circulating supply is 43,080,011,224 XRP and the ROI of the currency is 4,056.53%. The current value of the currency is experiencing the bullish movement but it has been some rough patch previous week.

1-hour XRP/USD Value Chart: XRP is trading in the horizontal channel and the value is stopping at both long position and losses for the short term. The next resistance level lies the value of $0.25100 and it is expected that the currency will soon retest the value. If the currency breaks out the value of $0.25100 then the next target or the resistance level is at the value of $0.2600.

On the other hand, if the bearish pressure again put the value down below the $0.24 then the currency will request the support level of $0.23400 and further, it could reach up to $0.2300. It will go further to find the stop losses at the low level of the trading channel and also go upward to find the resistance.

The one-week MACD, RSI signal and the various oscillators of the long period are showing the decreasing interest in the bears. So, probably the currency will soon rally with the bullish value.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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