- Ripple coin gained 14.86% in the last seven days, and the current value rests around $0.3250
- It is now moving below its 50 days MA and 20 days MA
- XRP is likely to test its next resistance point at $0.3409
Ripple cryptocurrency is widely known for comebacks. Since the start of the year, it has followed an almost bullish period with a few sudden falls and some robust price recoveries. Over the last week, XRP coin has gathered momentum, and it has been up by 14.86%.
Ripple Price Analysis
XRP faced its first major price variation between February 07 & 11. Over these four days, the price dropped by 5.51% from $0.2833 to $0.2677. It was followed by a 24.85% hike that added $0.0666 on the value and pushed Ripple price to $0.3346 by 02:20 UTC of February 13. However, it couldn’t keep its head at this high for long and started weakening. By 08:15 UTC of February 13, it reached $0.3021. However, since then, the currency is on a gaining spree, and it managed to strike above $0.3300 in the earlier hours of today.
XRP’s 50 days MA ($0.3266) and 20 days MA ($0.3263) have managed a moderate lead over its current value. It hints at future price volatility over the next few days. However, the bullish trend may not end very soon. Investors need to target value at $0.3406 for the short-term.