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XRP Regains 50-day MA Support Due to Intraday Recovery Yet Lacks Traction

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Ripple (XRP) News

XRP, at the press time, was trading at $0.204 after the steep dip in the intraday from the weekly high of $0.214, just yesterday. After trading sideways for a week, the crypto market gained amazing traction at the onset of the ongoing month, which turned out to be momentary, and the coin reclaimed its previous support around $0.19.

XRP, on the other hand, rebounded quickly from the given bottom while it appears flat currently. The coin has regained slight support from 50-day MA and is yet to gain support from 200-day MA at $0.205. The quick intraday rebound has led the coin to hold a bullish crossover in the intraday after the steep bearish candle breakout.

Ripple (XRP) Price News

Over the past two days, XRP coin was attempting to have a bullish consolidation above $0.21 and then faced a strict rejection around $0.215. the coin is now holding a flat momentum with moderate volatility. Alongside major altcoins, including Bitcoin, have also experienced the same hit and crash, and the intraday thereby is likely to remain dull.

XRP is holding major support at $0.20 and $0.195, while the major resistance to watch out for lies at $0.205 and $0.21. The technicals are drawing a bullish crossover due to intraday rebound, and the MACD crossed above the signal line while the RSI is lying at 55.87 and has moved away from the selling pressure.

Patricia Ross
Patricia Ross is a crypto expert and full-time writer at RippleNews.Xyz. She has years of experience in crypto markets, and hence she covers the latest market insights and price analysis pieces for Ripple.

    XRP Hits Around 61.80% Fib & Faces Resistance at $0.215

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