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Ripple Price Analysis – XRP coin showing overwhelmingly bullish Trend

At present, the whole cryptocurrency space retains bullish sentiments with major coins staying green. Bitcoin price has broken the $10k resistance, while altcoins demonstrate positive momentum. According to CoinMarketCap, the total capitalization of all digital coins in circulation hit $323 billion.

At the time of writing, the Ripple coin price has increased by 4.10% against the USD, trading at $0.458306. In term of XRP/BTC, the price surged declined by -6.89% trading at  0.00004206 BTC.

Currently, the coin is ranking at 3rd position, holding market cap $19,478,910,257 USD with$2,080,974,802 USD  24-hour volume and 42,501,950,124 XRP circulating supply. The maximum supply of XRP coin is 99,991,601,899 XRP.

Technical Analysis

On June 21st, the ripple coin price opened at $0.4366, Ripple coin maintained its price above $0.4300 for a few hours, later the coin faced a price drop reaching $0.4230 breaking support level at $0.4287. Further, XRP tumbled as low as $0.4225 with a sharp fall. At this time, it struck a strong recovery while correcting gains over $0.43. Since then, XRP has remained above $0.4300 except for a minor plunge at $0.4290.

We can assume that Ripple coin is likely to see gains as it has cleared resistance above $0.4200, and currently the price level is set to reach new support level. Also, few crypto analysts believe that a breakthrough above the price barriers of $0.442 and $0.450 can fuel rapid surge in XRP price trend.

Additionally, it is worth noting that if XRP coin price continues its bullish trend, it might see major resistance levels at $0.4365 and $ 0.4432. On the other hand, major support levels can be $0.4168 and $0.4233 if it sees a price fall.

Ripple has solid support at $0.45 it was battling to conquer. It is a dense cluster consisting of the Fibonacci 23.6% one-week, the previous daily high, and the BB 15m-upper.

  • The Relative Strength indicator has turned bullish on the one-hour time frame which is above 70 levels. Indicating over brought condition.
  • The MACD indicator has turned bullish on the one-hour time frame and continues to issue a buy signal.
  • The Parabolic SAR markers were below the candles and showcased a bullish market.
  • The Chaikin Money Flow is indicating a Bullish Trend. Showcasing continuous Buying Pressure, rising prices coinciding with CMF values above 0.
  • The Bollinger Band is showing divergent volatility in the market.
  • The Awesome Oscillator showed a bullish buying opportunity or short-term momentum in the market.

What’s your Ripple Price Prediction For 2019? Share your thoughts on our Facebook and Twitter page.

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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