- It seems that the bulls are getting success in their strategies
- The XRP has gained during the intraday trading session and is currently around $0.3399
- The pair of XRP/BTC is at 0.00001583 BTC with a total increase of 1.10%. in the last 24 hours.
The Ripple price is being pulled in different directions by the bulls and bears. But the bulls are getting the ball in their court and the bears should try to enter the trade to generate some interest for the investors. Bears just have to find a short window to manipulate the price to their desired targets. The bulls are putting some extra efforts into taking over the price of the XRP, but the bears are pulling their legs, which is creating a mess for the investor to decide on either side.
The current price of XRP is $0.3399 and it has increased approx 3.56% in the last 24 hours, which has brought one more move towards its upward momentum. The bears must try hard to give the downtrend momentum to the price of the coin. The XRP/BTC pair is currently inclined by approx 1.10%, trading at about 0.0001583 BTC. If the bulls go the extra mile, they may take the price up to the primary resistance of $0.3628. If the bullish trend continues, we may see the price reaching up to the secondary resistance of $0.3766 over the daily price chart. If the bears work with better strategies to beat the bullish trend, the price may approach the primary support level of about $0.3417. If the bulls do not respond, the bears will be able to easily push the XRP price to its secondary support of $0.3099.
The volume has decreased by approx 16.34% in the intraday trading session. The continuous decline in the volume indicates that the short-selling pressure is increasing and the buyers have to push themselves to increase the volume, as now the investors are clueless about taking any further move. The current value of the volume to market cap ratio of XRP is 0.06169.
The technical indicator shows the following: The Relative Strength Index is moving towards the oversold region. The current RSI, which is 46.46 is lower than the average RSI, which is 52.96. The bulls exerted themselves to normalize the RSI. However, bears exploited the plans of the bulls and brought the RSI to the oversold region. The investors of XRP relied on the bulls to fulfill their expectations. The price of the coin has to still hit the 20,50,100,200 Daily Moving Average. While the bearish trend is falling short of the expectations of the Investors, XRP investors are eagerly waiting for any directional change over the chart.
Support Levels: $0.3302 and $0.3257
Resistance Levels: $0.3438 and $0.3473
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.