Ripple price has been wanting to move out of the bearish pressure for quite some time. However, as per the current price movement, the coin suffers from a strong bearish impact. The price trend of the last 24 hours also shows the XRP price faced a declining trend as the bear pressure was quite evident during the latter part of the day. The price has been fluctuating in the range between $0.20 – $0.23.
XRP Holds Above $0.20 Despite Bearish Pressure
XRP coin is inching its way slowly towards a slight recovery, as observed from the price trend of the past 24 hours, raising the hopes of the user community. The price of Ripple crypto was at a high of $0.2313 at 00:31 UTC. It stayed in the upper range for most of the day though the strong bear pressure. However, at 16:20 UTC, the currency pushed its price in the downward range to $0.2033 by 12.16% drop.
After this drop, XRP managed to recover at 5:54% and touched $0.2148 at 18:39 UTC, but then, the bears continued to hold the crypto market and exert pressure on the price of Ripple. Again, the currency traded downwards and touched $0.2045 at 23:50 UTC by 4.79% fall.
Today, the coin has again shown a marginal recovery, and the price touched $0.2048. XRP coin price has shown positive trends after its sluggish start to the new year. Even now, under continual bear pressure, the coin has managed to hold its ground above $0.20 mark. Ripple Forecast Analysts view this as a positive outcome and expect Ripple price to gain over the course of the year when the crypto market will show more stability.
