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Ripple Price Analysis: Will XRP fall or rise?

Ripple price is positioned in a bullish zone above the key supports at $3.6 and $3.7. The price is expected to rise above $0.4.

Supports: $0.36, 0.37
Resistance: $0.4

 

Key Points:

  • Ripple price showed a little bearish momentum and moved above $.38
  • XRP’s current support lies around $3.6 and $3.7
  • Ripple price can drop a little but is supported nicely above $3.6.

Ripple price gained traction and moved upwards with the price of bitcoin with the current support level of $0.36.

Ripple Price Analysis

Ripple price moved upwards yerterday as the cryptocurrency market started its correction. Once the price moved above $0.36, it started to gain a bullish momentum rising up to $0.4 resistance level.

After the resistance proved to be quite strong, the Ripple price started a downward correction and fell below $0.39. Ripple has a good support between $.36 and $3.7.

 

XRPUSD 2 day chart
XRPUSD 2 day chart

Looking at the 2 day chart, Ripple price is positioned in a bullish zone above the key supports at $3.6 and $3.7. The price is expected to rise above $0.4 with the bulls trying to gain pace.

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Written by Layla Harding

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