Ripple (XRP) is reflecting bullish influence over the last 24 hours. The price is near its next resistance $0.206 and looks like, and in the next couple of hours, the coin might be spotted breaching it. The market seems to be embarking heavy recovery for the last couple of days. The same would stay for a while and help the traders come out of their losses. The traders are still under the belief that the global crisis in the financial market would be having a substantial impact on the coins.
Ripple Price Analysis
Over the past two weeks, Ripple currency continued to trade with moderate upside momentum, but over the last 24 hours, it registered sharp bullish movement. Yesterday, XRP coin started dealing at $0.179. The coin hovered around the same for the next 3 hours, and further, the price spotted escalating to $0.186 by 3.37% hike. Ripple price improved to $0.190 by 2.69% at 09:30 UTC, and at the same level, the coin locked its price for the next 3 hours.
At 13:35 UTC, the XRP coin began the escalation, and in the next 5 hours, the price touched $0.196 by 3.94% upsurge. The coin slipped slightly to $0.194, but before closing the day, it touched $0.198. The day-long movement in the Ripple coin brought a 10.77% improvement.
Today, XRP price started trading with an escalation, and within the first 30 mins, the coin touched $0.205. Later, the price slipped to $0.195, and then, it remained at the same level for the next 1 hour, and thereafter, the improvement began. In the next 6 hours, the currency touched $0.203.
MACD chart shows the bearish crossover, and as per the current movement, Ripple price might consolidate around $0.201 for some time before making any steep movement.
Resistance & Support Levels
R1: $0.201128, R2: $0.206749 and R3: $0.217634
S1: $0.184622, S2: $0.173737 and S3: $0.168116