The crypto market has been registering downside movement in the past couple of days. The same was experienced due to the selling pressure in the market. The top coins, like Bitcoin, Ethereum, and even Ripple, were badly affected by the pressure.
Ripple cryptocurrency is currently improving and looks like it would continue to escalate for the rest of the day. In the coming days, it is speculated that the upsurge would invite the rally in the market.
XRP Price Analysis
XRP price was spotted at $0.22562 during the opening hour on yesterday. At 02:55 UTC, the price dropped to $0.21716 by 3.75%. In the next 3 hours, the coin has shown improvement and touched $0.2225. By 09:53 UTC, the coin touched $0.213 by 4.19% drop. Further, the XRP price escalated to $0.225 by 5.26%. Then, in the next 3 hours and 49 minutes, the price slipped to $0.2215. Later, Ripple crypto reflected a 1.39% hike and touched $0.2246 by 1.39%.
The closing hour brought the XRP price to $0.2218. The overall intraday movement reflected a 1.68% regression in the price. Today, Ripple price was at $0.2161 at 01:52 UTC. Later, the price improved and touched $0.2214 in the next 7 hours, but again dropped to $0.2158.
The current price of the XRP coin has breached the immediate resistance level at $0.216. The possibilities of dropping to the next support level at $0.210 are rife. The improvement in the currency takes place in a while till then; the traders recommended to keep calm. The future of the coin is likely to be flourishing. It might take some time to embark on hefty improvement.
R1: 0.227774 R2: 0.232506 R3: 0.238699
S1: 0.216849, S2: 0.210656 S3: 0.205924