- Ripple XRP Price Struggles to Maintain the Bullish Grip but the Bears have Taken Control of the Market
- Further Losses Will Take the Price of XRP as Low As $0.17
Ripple Price Prediction – In our last Ripple News, we talked about how the price of Ripple XRP was unable to hold its ground above the resistance at $0.20. On Thursday, every cryptocurrency, including XRP, was surging against the USD. Ripple managed to test the $0.20 level but it wasn’t able to rise above it. Now, the token is at risk of falling as low as $0.17 near-term. Keep in mind that the price of Ripple XRP isn’t the only one that is suffering. The entire cryptocurrency market is correcting lower following the brief bull rally.
Ripple Price Prediction 2020 – Will Ripple Test $0.17 Near-term?
Yesterday, the price of Ripple XRP fell as low as $0.182 where it found strong support. While it moved up by 1% following the drop in price, it still struggled to gain bullish momentum. Toward the end of trading yesterday, the price was able to move as high as $0.187 where it faced resistance once again. Right now, traders are making plans to liquidate as soon as the token gets to the $0.18 level.
The short-term trend for XRP is bearish but things are looking up long-term. More than one XRP price analyst has predicted that the token is primed for a parabolic bull run. The only thing that is holding Ripple XRP down right now is the price of Bitcoin BTC. If the price of Bitcoin BTC is able to overcome the bears, XRP is going to pick up as well as the rest of the market.
XRP (XRP) Price Today – XRP / USD
At press time, the price of Ripple XRP was $0.189172. It is down by 1.00% over the last hour and down by 0.42% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,778,074,844 and the market capitalization is $8,319,574,257. The technical indicators show that the Ripple XRP token may fall to the $0.17 level if the bulls don’t gain momentum soon. The good news is that the MACD is on a sideway trend making the mid-term target as high as $0.21 or even $0.23. This would be achievable by the end of the month as long as the bulls gain momentum.