At the time of writing this article Ripple (XRP) was trading at $0.2564 against the United States Dollar (USD). The coin was showing a negative and downward fall of -0.78 per cent. The market cap of the coin was $10.2 billion United States Dollar (USD) and the 24 hours trading volume of the coin was 39.9 billion. Yesterday the coin was supposed to cross the $0.2560 resistance level but it did not accomplish the target. Instead, the coin moved to $0.2620 support level.
The coin now has broken the 50 per cent Fib retracement level moving above $0.2509 mark and is trading above that level now as shown. The coin has made major move but if the price falls it can move to a low support level of $0.2540 and further down to a support level of $0.2500 level.
The next resistance level of the coin is at $0.2600 and further the resistance level of the coin is at $0.2605. The positive thing is that if the price of the coin rises up to $0.2620 against the United States Dollar (USD), then the coin can test the resistance level of $0.2650.
Seeing the chart it can be said Ripple (XRP) is remaining mainly on the low side. The coin is struggling to cross the $0.2580 which remains the main hurdle for the coin. But once the coin cross this level it can trade at $0.2600 and further at $0.2605 and even at a higher price. The MACD indicator of the coin is in the bearish zone and the Relative Strength Index (RSI) is below 50 marks also in the bearish trend.