Bulls Take Control, Ripple (XRP) Climbs Above $0.32

Fibo Quantum

  • Ripple reclaims its price position above $0.32 over a day
  • XRP price seems to have decent support at $0.30
  • The coin is correcting down from $0.3275, after three major surges
  • Ripple is yet to step out of the selling pressure

XRP has been trading upwards since yesterday against the U.S Dollar and, also the coin has remained above $0.32 stably since 17:21 UTC yesterday. Meanwhile, Bitcoin has witnessed a sharp surge today causing it to climb above $10,100.

Ripple Technical Analysis

Ripple coin had its opening price at $0.3235 yesterday and it has witnessed three major surges from there. The XRP coin initially dropped to $0.3078 which is where it found a strong support level to strike a surge. Ripple coin increased to $0.3177 by 3.22% striking a price spike.

Continuing its bullish spree, XRP had its higher high spike at $0.3252 with a surge of 2.85%, here, it has traded above its 5-day SMA. The coin just had another higher high today at $0.3275 and currently, it is correcting down at $0.3235 at 04:25:28 UTC.

XRP/USD Price Chart by TradingView

Ripple Price Chart
XRP Price Chart by TradingView

XRP price is above its 5-day SMA of 0.3162, however, is yet to step out of the selling pressure. The coin is 15.53% lower than its 50-day SMA of $0.3830.

Ripple price is battling with resistance levels above $0.32, while the price range around $0.30 poses as a support level. A stable surge above $0.34 is a must to avoid any price drop.

Ripple Price Prediction & Technical Indicators

MACD chart for XRP price is volatile and is in the bullish zone. While RSI for the coin is near 50, indicating stability. The coin may see resistance at $0.3288 and $0.334 and Support levels at $0.314 and $0.3044.