- XRP Price at Risk of Falling Lower to the $0.1700 Level if it Doesn’t Move Above the $0.2200 Soon
- The Current Support at $0.1950 is Holding Steady Against the USD But the Risk of Lower Lows Remains
Ripple News Today – Since the beginning of the week, the XRP token has been experiencing some turbulence against the USD. The token has been alternating between higher highs and sharp declines. Thankfully, the token has finally gained some stability below $0.2000. It found stability in the $0.1900 level with strong support at $0.1950. However, there is still a strong chance that the token will fall as low as $0.1700 if the bulls don’t gather the momentum they need to recover as high as $0.2200 near-term.
Ripple News Today – XRP May Move as Low as $0.1700 if the Token Doesn’t Gather the Momentum it Needs
The XRP token has indeed found some stability below $0.2000 level but this isn’t good news, at least not directly. The token is now at a crossroad and the price action in the next few days will determine what direction the token will take. Earlier, the bulls laid the groundwork for higher highs. The charts showed that a rally was on the way. Unfortunately, this didn’t happen. Analysts now believe that the token will most likely fall by another 50% against Bitcoin BTC in the next few weeks. This decline will affect the token significantly and push the price to $0.1700 levels. However, there is a chance that the token is going to recover into a parabolic bull run after it makes this break.
XRP (XRP) Price Today – XRP / USD
Things have been great for most altcoins since the beginning of the month with tokens like Cardano ADA and Stellar Lumens setting yearly highs. XRP is the only token that hasn’t made any significant progress during this period. The only surge worth mentioning was when it managed to move from the $0.1700 lows to the $0.2050 level where it faced resistance against the USD. The token subsequently lost momentum and declined again to its current level at $0.197309. It is down by 0.19% against the USD and down by 0.36% against Bitcoin BTC. The trading volume over a 24 hour period is $1,125,633,427 and the market capitalization is $8,732,483,288.
XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020
Yesterday, one cryptocurrency analyst said that an intense upward move might be on the way for XRP. In his words;
“XRP General thoughts: I don’t think these pumps without fundamentals and for now I don’t see anything in the calendar. I’m waiting for orange or an HTF reclaim of the former floor that led to this bleed out. Bounces are for shorting until proven otherwise.”
For this to happen, the token must move above the $0.2000 level and cross the resistance at $0.2200 level. We will need to wait for a few days before we can determine the price direction for XRP.