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XRP is Yet to target the $0.21 Price Level

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Ripple (XRP) News

While the weekly, monthly, or even 1-year price chart of Ripple against the US Dollar seems to be heading towards an upside proactively, the coin fails to show any bullish aggregation for the short-term. 

In the first week of this month, XRP records a noticeable price rise but remains below $0.21 most of the time. It had only one bullish spike above $0.21 when the month began; all in all, XRP’s price is growing although at a very slow pace. 

Despite a lack of momentum, the currency is persistent when it comes to remaining above the key support levels. XRP price has been trading above $0.20 since today morning. Except for one price plunge, no major price move has been noted until now. 

Ripple (XRP) Price News

The recent price decline has been recovered today to a certain extent; it is to be seen whether the coin traits above $0.21. Despite the recovery, XRP/USD has not traded above 0% Fib level. It has formed a support level at $0.2016. Moreover, in the last few minutes, the coin has managed to bounce from the recent support level at $0.2021.

If we talk about its technicals, XRP holds a mixed sentiment. The MACD indicator is in the positive area, while the 200-day EMA line goes side by side with the price. SMAs seem bearish for now.

Conrad Munoz
Conrad Munoz got into cryptocurrency while completing his Masters degree and hasn't looked back since, writing about crypto-related articles and news. He has driven himself into Ripple News from last 2 years and has knowledge in about predictions and price analysis.

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