Ripple Price Analysis: XRP Leaves Bears Behind, Rebounds Above $0.43

Ripple price cleared the resistance level of $0.42, currently holding at $0.43 The 1-Day chart of XRP price shows a short term bearish trend line which rebounded from the support level near $0.41 A price decline below $0.42 can cause XRP price to dip near major support level of $0.40 Ripple price is currently heading for gains as the price trend of XRP is correcting upwards after a gradual price plunge of yesterday morning. It is likely to surge further if it maintains its price level above $0.42. XRP has closed the week with its price at $0.4275 on 16th June, which is 10.09% higher than its past week’s closed price at $0.3883 on 9th June. It saw quite a notable surge over the last weekend, and it even went above $0.46 on 17th June with a bullish impact. Though yesterday’s XRP price trend saw bears coming in. At present, the Ripple price is indicating a steady price recovery. Current Statistics of Ripple coin: At 05:51:29 UTC, Ripple price is trading at $0.4303 while having a Market Capitalization of $18,411,591,411. It holds 42,501,950,124 XRP as its Circulating supply, and it fetches ROI (Return on Investment) of 7,274.97%. XRP/USD 1 Day Price Chart by TradingView XRP to USD 1 Day Price Chart Yesterday, with an opening price as high as $0.4478, XRP surged to $0.4559. With a gradual pullback, it went as down as $0.4183 with a decrease of 8.24% from its 24-hour high price. Correcting upwards, it had its yesterday’s close price at $0.4288. The price movement of today morning seems bullish as it has crossed the price barrier at $0.4200 and is currently trading above $0.4300, which is also above its 30-day SMA of $0.4128, tracing a bullish trend line. In the last 24 hours, Ripple coin price has seen a decline of 4.12%. However, as XRP has surpassed the price level of $0.43, it is anticipated to take a fresh price increase. Technical Indicators: The current RSI indicator in the ripple price chart is clearly depicting value around 50 and is predicted to be heading upwards. MACD for XRP price over the last 24 hours, appears volatile, with a bullish impact, though at present, it seems to move upwards. The technical indicator for the time span of 1-day points out to the ‘BUY’ momentum for Ripple, looking at its bullish trend. Ripple Price Prediction and Conclusion: Ripple coin is likely to surge further if its price remains above the $0.42 price mark. It will face resistance at the price levels of $0.4417 and $0.4676. If XRP dips below $0.42, it may see further price decline, where it will see major support levels at $0.4041 and $0.393. Ripple (XRP) News