Will XRP Continue Its Stable Bullish Run?

• XRP’s value against USD has been intensified by 33.27% in the last 30 days
• It faces strong resistance at $0.2876 and continues to trade with positive signs

XRP has been successful in cashing the overall bullish market condition over the last 30 days. Ripple cryptocurrency has reflected a strong recovery from last month’s moderate downside momentum. Over the last 30 days, XRP price has been traveled from $0.2119 to $0.2824.

XRP Rallies 35%, Faces Mild Correction

XRP coin opened January 11 at $0.2119, and over the next eight days, it could shoot its price up by 18.78% and touched $0.2517. Then, the currency faced a steep fall of 15.22% in the value that took the Ripple price to the lowest point of the month at $0.2134 by February 24. From this low, the coin didn’t show any major sign of weakness and started a steady upside movement. In the last 15 days, XRP price has increased by a massive hike of 35.47% and touched $0.2891. However, at the time of writing, it started a moderate price correction.

Ripple’ current price at $0.2824 is trending above its both 20 days MA ($0.2815) and 50 days MA ($0.2819) by 0.31% & 0.17% respectively. As per the current momentum, it may correct downwards to next support $0.2768. However, if it continues to trade in a higher range, the XRP price may touch $0.287 soon. It may have to show a marginal degree of price volatility in the upcoming days acording to Ripple Price Prediction.