Ripple News (XRP News)

XRP Fails to Sustain the Steady Upward Momentum Above $0.25

  • XRP gains 1.79% on the last day and touched $0.2546 in this period
  • Investors may find the next resting point for Ripple at $0.249

Ripple cryptocurrency has managed to get a yield of 1.79% on the last day. The value has been inflated from $0.2501 to $0.2546. There has been a moderate level of price fluctuations in this period. XRP coin may continue with this bullish trend in the medium-term.

Ripple Price Analysis

XRP price was at $0.2501 at the starting of the day, and over the initial one and a half hours, it was up by 3.64% and added $0.0091 to get placed at $0.2592. It was followed by a price fall of 4.82%. This fall happened gradually till 17:01 UTC. XRP price dropped from $0.2592 to $0.2467, the lowest for the day. Later, the currency tried to re-establish the momentum. Over the next 8 hours, it could fetch a 4.34% hike that helped Ripple coin to find its place near $0.2574.

XRP NewsRipple’s current price has managed a marginal lead over its 50 days MA ($0.2539) and 20 days MA ($0.254). The currency is likely to stick to the current moderate movement, and as per the trend, investors may find the next stop around $0.245.

Resistance and Support Levels

R1: $0.2579, R2: $0.2612 and R3: $0.2661

S1: $0.2497, S2: $0.2448 and S3: $0.2415

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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