XRP price has got a push overnight and managed a 3.12% jump in said timeframe. The currency currently trades at $0.1977 after registering a low at $0.1917. From yesterday, the coin exhibited a moderate uptrend.
Ripple Price Analysis
Yesterday, the XRP price spotted at $0.1917 in the first hour, and over the next 8 hours, it managed to show a marginal hike of 1.67% that pushed the price to $0.1949, but, after this hike, it faced a steep fall. And the XRP price fell to $0.1928. From this price point, the currency registered a 2.23% jump that added $0.0043 and helped XRP to confine its price to $0.1971. After this steady hike, the coin marked a slight fall but managed to show signs of strength. By 01:50 UTC, the XRP price reached $0.1984.
There has been a marginal fall in the market cap of XRP coin in the last 24 hours. The market cap was 8.532 billion USD on December 22, and it has fallen to 8.530 billion USD as of now. It should be noted that Ripple’s market cap has not been able to touch the 9 billion USD mark since December 15.
XRP’s 20 days MA is now at $0.1976, and it’s 50 days MA stands at $0.1974. The current price of XRP coin trades above 50 & 20 days MAs with a marginal difference. As the coin persists the upside trendline and the placement of the averages below the current price, as per XRP prediction, we can say that the XRP price may soon grow. The next resistance is likely to fall at $0.1987.
Resistance and Support Levels
R1: $0.1987, R2: $0.2004 and R3: $0.2035
S1: $0.1938, S2: $0.1907 and S3: $0.1890
