Price Analysis

XRP Price Analysis: Ripple Surges 8% Since the Dawn Of Monday

With the advent of the new year, a new excitement has entered the crypto market. Bitcoin and other altcoins are trading in the green zone since the weekend and still going strong. Some of the altcoins like Bitcoin SV, Bitcoin Cash, etc surged considerably by more than 10%. It seems Ripple’s XRP crypto price is following the same trend.

Ripple (XRP) Price Analysis:

Ripple’s XRP is trading at $0.21 against USD as of writing. The price might soar above $0.2200 and $0.2300 soon. Even the XRP is going strong against Bitcoin at 0.00002781 BTC with a 6.59% increase. The market cap of the crypto has reached $9,133,666,002 USD. 

XRP chart of Jan 6 shows a drastic surge around noon. The price increased to 0.2 within minutes. The XRP price is constantly increasing since then. The price may likely exceed the $0.2100 swing high in the near term. The next major resistance is close to the $0.22 level. 

XRP Technical Analysis:

The MACD for XRP/USD pair is gradually moving into the bullish zone. The RSI for XRP/USD pair is currently above the 80 levels. The next resistance level is $0.215 USD. Ripple is set for a major Bullish break if this trend continues.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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