Ripple Price Analysis – XRP Price Booms up to 7%

With the advent of the new announcements and new updates, major Crypto bulls have entered the market. Bitcoin and other altcoins have been trading in the green zone since and are still going strong. Some of the altcoins like Maker, Binance (BNB), etc surged considerably by more than 10%. At present Ripple price (XRP) is leading with a 7 % hike among the top 10 cryptocurrencies

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At the time of writing, Ripple (XRP) has gained nearly 7% of its value on the cryptocurrency market. The 3rd largest coin with the market value of $7,597,223,738 USD surged and is now trading at $0.173033. Currently, the circulating of the coin is 43,906,191,900 XRP with a 24-hour volume of $2,322,712,429 USD.

Technical Indicators

Ripple price started a strong rise above the $0.1640 and $0.1650 resistance level against the US dollar. According to the one-hour chart of XRP/USD trading pair, there is a short term contracting triangle forming with resistance near $0.1780.

Hourly MACD – The MACD for XRP/USD is now gaining momentum in the bullish zone. 

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well above the 70 levels and it is in the overbought zone.

XRP price remains in a nice uptrend and it could continue to rise towards $0.2000.

Recent Updates

On March 25th, Ripple Labs announced a donation of $200,000 to two different non-profit organizations. These donations will aid in the fight to contain the spread of the coronavirus throughout the U.S. 

What do you think of the XRP Price? Will it have a bullish trend in the upcoming days?

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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