- The cryptocurrency is performing positively in the market with a slight gain in its prices
- Ripple prices are surging up but facing resistance at the crucial level of $0.2050
- The XRP/BTC pair is performing well with a positive change of 0.15 % bringing the level to 0.00002726.
The XRP prices are climbing gradually towards the current crucial resistance level of $0.2020.
Currently, prices are trading above the range of $0.19901400 and it seems like they are having trouble maintaining this steady climb. If Ripple prices break the resistance level of $0.2020 and maintain it then prices can have a strong desired bullish momentum.
XRP prices are maintaining their upsurge by the support of the price level of $0.1970. With the help of this crucial price level, XRP managed to climb up against the level of $0.2000 and currently it seems like Ripple can also acquire the level of $0.1990 as there support level.
The current market capital of Ripple is $8,752,415,169, with volume traded of $1,844,714,165 USD and the circulating supply of 43,978,966,311 XRP.
XRP Price Analysis
The Technical chart reflects that XRP prices are trying to make a comeback in the market but facing bearish momentum in the current trading level.
The technical indicators and oscillators are showing an increase in the selling volume of the cryptocurrency. Even after trading with bullish momentum prices are again showing negative signs as there is a decrease in the buying volume of Ripple and bears are taking full control over all aspects of the chart.
The MACD levels are showing that there is an increase in the selling volume of the cryptocurrency and the level is overtaken by the selling volume. This might be the beginning of a short term bearish momentum.
The 24hr – RSI is trading in the bullish zone near the crucial level of 60 after taking a negative divergence from the heavy bullish zone.
The 24hr-CCI is in the normal zone after coming down from the over buying region.
Resistance Level: $0.2020
Support Level: $ 0.1900
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