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Ripple Price Analysis : XRP Bulls Eyeing Fresh Increase

With the beginning of the week, most of the coins are enjoying the green day. While bitcoin is struggling to break the $11k resistance, major altcoins are showing massive growth. 

At present, Ripple is the are the leading cryptocurrency in terms of gains. Among  the Top 10’s market followed by ethereum with 6% gains.

Past week, XRP price showcased a massive decline trading below the $0.2500 support level. But, the coin gained the momentum back and has made a comeback in the past 24 hours trading towards the $0.2400 level with the upside correction. Ripple price climbed above the $0.2850 and $0.2900 resistance levels to move into a positive zone. 

According to coinmarketcap, at press time, the Ripple price has increased by 7.51% against the USD, trading at $0.286076. In term of XRP/BTC, the price surged up to 5.42% trading at 0.00002754 BTC.

Currently, the XRP coin is ranking at 3rd position, holding market cap $12,269,987,877 USD with $1,338,184,196 24-hour volume and 42,890,708,341  XRP circulating supply.

Technical Analysis 

According to 1-hour time frame MACD  indicator is slowly moving into the bearish zone. Hourly RSI is currently placed well above the 50 level.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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