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.
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.