XRP Rebound to $0.22 After an Intraday Dip to $0.205

XRP price drops after hitting a 7-week resistance of $0.235 to an intraday low at $0.20, around the closing hour, yesterday Yet, XRP coin started with a gaining streak today and is currently trading at $0.219 The current price trend of XRP is breaching above the upper 20-day Bollinger Band, and with a slight candlestick pullback, the coin lost the support sight of 50-day MA yet retains 200-day daily MA at $0.2065 The 20-day Bollinger Bands do not project any unprecedented volatility presently. The gradual uptrend over the past two days took a halt after yesterday’s price correction Yet, we do not believe this to be an end or a brief uptrend as we enter the month of Bitcoin halving which happens to be influential crypto especially for the major altcoins like Ethereum and XRP XRP Price Analysis XRP/USD Chart By TradingView On an intraday chart, Ripple has clearly breached the uptrend against the US Dollar, which was afloat as it had hit a 7-week resistance. Although, an immediate bearish engulfing took the toll as it breached below the 20-day Lower Bollinger Band. Just when the price of XRP dropped below $0.222, it lost 50-day MA support and is yet to regain it steadily. With a positive crossover, in the trading session today, Ripple price has notably restored back to $0.22. Additionally, the 200-day MA support stays intact at $0.206 and is the major level to watch out for. Technical Indicators The MACD of XRP is taking a bullish divergence as the price rebounds to $0.22, and the MACD crosses above the signal line. The RSI is also inclined towards the overbought region at 54.74 and is awaiting a price spike to cross above 70, anytime soon. You can check our Ripple XRP Price Prediction to know furthermore about the future price of XRP coin. Ripple (XRP) News