Ripple News

XRP Draws an Uptrend Yet Lacks Steady Rush of Momentum

Ripple (XRP) News

XRP price is failing to rise above $0.225 over the past 30 days now, yet it is drawing a subtle and notable uptrend. Despite the recent crash, XRP coin has been experiencing a good rebound after hitting the weekly bottom at $0.198. At the press time, the currency was consolidating above $0.20 after hitting the highest at $0.214 and the lowest at $0.198 in 4 days since the beginning of the month.

Ripple (XRP) Price News

Many altcoins are holding a flat momentum, while XRP/USD is still moving graciously. Alongside, when the market broke, the king of cryptocurrencies, Bitcoin, also retested support around $9.2k after facing a strong rejection at $10.5k. Many major altcoins, along with XRP, faced the market crash, yet the latter managed to rise above $0.20.

Ripple, as per the current momentum is likely to react in multiple ways after this, and as per the current traction, it is likely to continue to build the uptrend. However, resistance is the major point to watch out for. The immediate resistance happens to be a $0.215, and if we expect a steep breakout, $0.25 will serve to be the major resistance. But the current market scenario is quite volatile, and a breakdown will not be shocking; therefore, the immediate support to watch out for XRP lies at $0.195 and $0.19.

The technical indicators laid are holding a complex crossover as the MACD shows a bearish divergence after a notable rejection from the daily top, and the RSI of XRP is lying at 48.31, holding a flattish movement without any trading extremities.

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