Ripple (XRP) Continues to Decline; Fails to Stay Above $0.16

• 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

Ripple (XRP) Price News

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.