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.
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.
