- XRP forwards at $0.25, and it has found the support of upward trend line
- Investors may see a certain degree of fluctuations in the near-term
The last week has gone exactly the way it was predicted. Investors were bullish regarding Ripple cryptocurrency after its first three weeks of upward movement. In the last seven days, the price has been up by 7.18% without any major surprises. The current value of XRP coin roams around $0.2416.
Ripple Price Analysis
XRP was at $0.2254 on the opening point of January 24, and its first swing happened over the next two days. The 8.70% increment added $0.0186 to the value and pushed Ripple price to $0.2324. It was followed by a 6.63% hike that pushed the value to $0.2413 by January 29. XRP coin price corrected downwards between 06:35 UTC of January 29 and early hours of January 30. However, the overall price trend for the last two days was an upward one. Later, it has soared by 6.39% value and touched the high of $0.2463.
Ripple’s market cap on January 24 was 9.741 billion USD, and in the last seven days, it has been increased to 10.604 billion USD. At the time of writing this analysis, 24-hour volume was rest at 2,069,888,966 USD with a 4032% ROI.
XRP coin’s current price at $0.2416 is trading below its both 50 days MA ($0.2438) and 20 days MA ($0.2431) by marginal differences of 0.9% and 0.6%, respectively. However, it may not leave the bullish vibe anytime soon. Ripple’s value is likely to grow further and touch the next resistance point, $0.2490. According to XRP Prediction, investors should stay cautious of a few unprecedented price movements in the short-term.
Resistance and Support Levels
R1- $0.2490, R2- $0.2544 and R3- $0.2630
S1- $0.2350, S2- $0.2264 and S3- $0.2210
