- XRP is currently trading above its crucial $0.2850 level but keeps facing pullbacks
- The next key resistance to look for is $0.30
Ripple has started the price recovery after the last few days of freefall. Over the last 24 hours, it has managed to achieve a growth of 3.33%. It currently trades at $0.2975 but facing hurdles to trade above $0.30. However, as per the current trend, XRP coin may grow even more in the upcoming days.
Ripple Price Analysis
XRP started the day at $0.2879 with upside momentum as predicted yesterday, and over the initial 2 hours, the price was pushed up by 2.78% and touched $0.2959. However, after this moderate hike, the coin faced a downward correction that happened over the next 11 hours, and it deducted $0.0192 from Ripple price.
However, the currency couldn’t be kept at that low for long, and it started recovery. By 21:05 UTC, Ripple’s value was increased by 9.69% value and touched $0.3034. It was further followed by another decline in the value. XRP price lost 2.24% to reach $0.2966 by 01:07 UTC.
Ripple’s current price is trending above both its short-term moving averages viz., 20 & 50 days by a marginal difference. Its RSI is also nearing 60. As per our prediction and these figures, XRP price may trade upwards and might breach its immediate resistance at $0.30. However, on the downside, the coin may find the next support around $0.285.