At the time of writing, the price of the Ripple XRP token was $0.237876. It was up by 1.47% against the USD and up by 1.47% against Bitcoin BTC.
The trading volume over a 24 hour was $1,717,120,306 and the market capitalization was $10,707,084,404. The token is on the verge of losing all the gains from its last surge above the $0.31 level. The token’s pick price this year was above the $0.32 level but the resistance at this point was too much for the token to handle. Since then, the token has been falling lower and lower against the USD unable to find any bullish momentum.
While the resistance at the $0.30 level is extremely strong, the support at the $0.22 region is strong. An analyst on NewsBtc has said XRP will most likely start recovering right after it tests the support. It the token fails to move higher when it tests the support, it will end up falling lower to the $0.19 level. Right now, with all the selling pressure from Bitcoin affecting the rest of the market, a fall below the $0.22 level is more likely that a parabolic recovery ahead of this level.
Right now, Bitcoin is trading at $10,052.68. This means that it is down by 1.95% against the USD with a trading volume of $37,524,947,022 and a market capitalization of $185,794,415,190. Bitcoin is dangerously moving below the $10k level. A rise below the $10k level will lead to unwanted panic and might see the Bitcoin BTC token moving lower and dragging the rest of the market along. All we can do for now is wait and see.
Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.
- XRP’s is Losing Significant Momentum and has Now Fallen Below the Important $0.25 Level
- Lower Lows Will See XRP Falling Below the $0.20
- Analysts Believe that a Bull Run is on the Way for XRP After it Drops Below a Key Support Level
XRP Price Prediction – XRP is currently bearish against the USD as are many other tokens at this time. While the token is red because Bitcoin BTC, Ethereum ETH, and other tokens are currently bleeding out, there is still a chance that the XRP token will enter a bullish rally as soon as it tests the support at $0.22.
Failure to turn bullish after testing this level might see the XRP token falling back to the dreaded $0.19 level. The market-wide sell-off is bound to come to an end eventually. However, no one knows when this is going to happen. So, XRP and other cryptocurrencies are hanging on for dear life.
