- XRP briefly tested above $0.31.
- Ripple continues trading in an ascending triangle.
- Closest support at $0.26.
The heat map shows a complete market recovery from what was seen in the morning. Both Bitcoin and Ethereum are now in the green with a gain of 3.3 and 2.6 percent, respectively.
Ripple Price Prediction: XRP to move lower once again?
XRP/USD opened at $0.2586 today after a very slow market movement over the past few days. Ripple is testing the $0.31 resistance once again after several attempts to break above it were unsuccessful during the past weeks. The failed attempts indicated a lack of bullish momentum.
Therefore, for most of the week, XRP/USD continued to move sideways until it found support around the $0.26-$0.27 support area as well as at the several week ascending trend line. The move resulted in another attempt to break higher during the past 24-hours.
Ripple price movement in the last 24 hours
Over the past 24-hours, Ripple has traded in a range of $0.2449 – $0.2803 with a volume of almost $5 billion. Early in the trading session, XRP moved towards the previous resistance of $0.31 with very strong momentum. However, as soon as XRP/USD reached the $0.33 price level, a very clear rejection was made as traders looked to close their longs.
XRP/USD 4-hour chart – Ripple ready to break below $0.26?
As mentioned in our
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