Ripple (XRP) holders were on high alert on February 5th, when the cryptocurrency’s market share briefly lost over $2 billion in value. The drop came after a low of $0.91, which is a level the coin has been stuck at for a week now.
Ripple [XRP] is the third largest altcoin in the world by market cap, and it is one of the few altcoins that is still trading at a significant premium to its market cap. The crypto has been on a tear lately, and today it tested the $0.90 level for the first time in a long time. Additionally, the latest Ripple price analysis reveals that a Ripplee Cross could be on the verge of happening, which would be yet another bullish signal for XRP.
The cryptocurrency market is a volatile place, which shouldn’t surprise anyone. This is due to the intense competition and large number of new cryptocurrencies entering the market every year. This makes it difficult to predict the future price movements of a particular cryptocurrency. However, one trend that can be used to forecast the future price movements of a cryptocurrency is the price of its last transaction.. Read more about xrp resistance levels and let us know what you think.Summary of the situation
- XRP is moving sideways tonight.
- The $0.90 support is still in place.
- The next target is $1.20.
Ripple’s price analysis for today is bullish, as the market continues to hold the $0.90 support level and is likely building momentum to reach the $1.20 level next week. It follows that price action will be increasingly bullish this month. Crypto-currency heat map. Source: Coin360 The general market has remained unchanged for the past 24 hours. Bitcoin is trading in a sideways trend and Ethereum is up 2.4%. The other major altcoins follow this pattern without significant movement.
Ripple price movement in the last 24 hours
The XRP/USD was trading in the range of $0.8975 – $0.9495, indicating moderate volatility. Trading volume fell 17.84% to $2.7 billion. At the same time, the total market size is $43.1 billion, which puts the cryptocurrency in 7th place overall.
XRP/USD Four-Hour Chart – Is the XRP ready for an uptrend?
On the 4-hour chart, we can see that the price of Ripple continues to consolidate above the $0.90 support level in recent hours, indicating an imminent reversal. Four Hourly Chart XRP/USD. Source: TradingView The overall pattern of price action in the market has become increasingly bullish in recent days. After a pullback from the previous high of $1.70, the market fell 60% and found support at $0.64. From that point, the bulls continued to strengthen, reaching a high at $1.05. In the days that followed, a higher low of $0.80 was reached, after which XRP jumped to $1.10 resistance and reached a slightly higher high. Ripple has pulled back in recent days and found support at $0.90, suggesting that the bulls are building momentum for further gains in Ripple. Therefore, we expect further gains in the next 24 hours and the next price target is $1.20.
Ripple price analysis: Supplement
Ripple’s price analysis is bullish as further declines were rejected overnight and the market continues to build a base from which it can move higher in the week ahead. As such, we expect the XRP to reach a high of $1.20 in the coming days. In anticipation of Ripple’s price rise, read our latest guides on how to buy Ripple. To learn more about other altcoins, check out our articles on buying Cardano and mining Zcash. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.The next big crypto is Ripple (XRP). Its price has been fluctuating in a narrow range and analysts are predicting a nearterm spike. The bulls are quite bullish on the coin, holding above the $0.90 mark. The coin has made a nice recovery in the past few months, reaching a 52-week low of $0.66, which is looking good for an upside breakout, say analysts.. Read more about xrp price jumps and let us know what you think.
xrp price predictionxrp newsxrp chartcoinmarketcapxrp/usd pricebitcoin,People also search for,Privacy settings,How Search works,xrp resistance levels,xrp price prediction,xrp news,xrp price jumps,ripple soars,xrp jumps,ripple all-time high,xrp price rise