- Ripple (XRP) price revisits $127 second time in a week.
- Intraday trading is likely to bear huge losses.
The crypto market began with stagnant momentum in almost all the coins. The sluggish movement was soon turned into a downtrend that took the shape of a price crash. Ripple was badly bashed in the crash that took place 2 days ago. The currency improved on the same day, and by the next 24 hours, the coin was spotted, marking an intraday high of $0.164.
Today, the anticipations of recovery were also good but didn’t fall into place. The recent crash has taken XRP price to $0.127 and looks like the rest of the day would be spent hovering around the same level.
XRP Tests Support Despite Bullish Crossover
Yesterday, XRP coin was at $0.144 in the first hour, and then, in the next 6 hours, the currency marked moderate escalation, and thus the price touched $0.150. The coin was spotted locking itself at the same level for the next 3 hours. Later, Ripple price again picked up the pace, and by 12:16 UTC, the counter touched $0.158 by 6.89% hike. The currency dribbled to $0.149 by 5.49% fall and again locked the level at the same for some time. With a slight drop to $0.148, the coin again recovered, and this time touched $0.164 and registered intraday high. The currency dropped immediately to $0.149 by 9.12%. The day ended at the same level, with an intraday progression of 3.66%.
Today, Ripple started with a sluggish movement, and in the next 6 hours, the coin remained around $0.149. In the next few hours, XRP coin experienced pullback pressure, and by 10:00 UTC, the price slipped to $0.127 by a massive fall of 14%. Later, the currency improved to $0.132 and is currently positioned at the same level. The MACD line has overlapped the signal line and thus formed a bullish crossover.
The current price of the coin is $0.132. The currency has breached the immediate support level at $0.145969 and the next support level at $0.138037. Now, the coin is heading to violate the major support level at $0.129946 as per the XRP forecast.
