Ripple News (XRP News)

XRP/USD Corrects Down to $0.197 Yet Appears Bullish

Over the last 7 days, after hitting a low at $0.182, XRP/USD managed to show a decent price recovery as it traded upwards gradually till today. On April 23, it managed to breach a $0.19 price mark, and then, it faced a moderate plunge, but later, it marked a sharp upside move and spotted above $0.193.

Further, it reflected corrective pullback, and then, it marked a steep hike and crossed $0.195. After that, till yesterday, Ripple price managed to trade stably around $0.195. Today, it registered a moderate hike, and as per the current momentum, it may soon cross the $0.20 price mark. This trend is likely to continue further.

Ripple Price Analysis

Ripple (XRP) Price News
XRP/USD Chart By TradingView

Over the last 24 hours, XRP/USD reflected positive signals. Yesterday, the price was at $0.1942, and by 06:00 UTC, it was pulled down marginally to $0.1933. later, between 06:01 & 14:01 UTC, the XRP price was hyped by $0.0046 and touched $0.1979. However, in the next hour, Ripple witnessed a steep fall, but it was momentary. By 15:08 UTC, the coin again picked up the pace, and with a 3.42% hike, it was well placed at $0.1997.

As per the past price movements, the currency might face slight regression, but as per the overall momentum, it might cross the previous resistance at $0.199 and then touch a $0.20 price mark in the upcoming hours. However, on the downside, it has strong support looming just above $0.1950.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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