- Ripple price analysis indicates an uptrend
- XRP is currently trading at $0.3862
- Support levels are present at $0.35 and $0.30
Ripple price action has been performing well over the past few days, with most cryptocurrency prices bullish today. XRP has extended gains towards an intra-day high of $0.3895, gaining by 1.55% in the last 24 hours. Ripple’s trading volume has declined by over 20%, currently at $712,637,192.The altcoin is down by 3.77% in the last seven days.
Looking forward, there are several key support levels that XRP will need to break before further gains can be expected. These include $0.35 and $0.30, which may prove challenging for this cryptocurrency, given its current bullish momentum. However, with many altcoins currently trading in the green, further gains are possible for XRP in the short term.
Ripple price analysis on a daily chart shows Ripple has been making higher highs and higher lows and is trading above the 100 SMA. The short-term 50 SMA is also trending higher with support at $0.40, which has been set as a resistance level by XRP bulls.
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