Ripple price has got a push over the last 24 hours and managed a 3.12% hike in this period. The currency currently trades at $0.1977 up from $0.1917. There have been three price shifts in this period, and the range of the swings lies between $0.1917 and $0.1984.
Ripple Price Analysis
XRP coin opened the day at $0.1917, and over the next 8 hours, it managed a hike of 1.67% value that pushed the Ripple price to $0.1949. It was followed by a hike of 2.23% that added $0.0043 and helped XRP coin to confine its price to $0.1971. The next swing started at 21:11 UTC and towards closing, the coin showed signs of strength. By 01:50 UTC, it helped Ripple to touch $0.1984. The current price of Ripple cryptocurrency is now at $0.1977.
There has been a marginal fall in the market cap of XRP coin in the last 24 hours. The market cap was 8.532 billion USD on December 22, and it has been fallen to 8.530 billion USD as of now. It should be noted that Ripple’s market cap has not been able to touch 9 billion USD mark since December 15.
XRP’s 20 days MA is now at 0.1976 USD, and it’s 50 days MA stands at 0.1974 USD. The Ripple price stands at 0.1977 USD, which is 0.15% and 0.05% more than the 50 days and 20 days moving averages, respectively. Looking at the placement of the averages, it can be said that Ripple price may soon grow. The next resistance is likely to fall at 0.1987 USD and in the medium-term, it may see a bullish rally.
Resistance and Support Levels
R1: $0.1987, R2: $0.2004 and R3: $0.2035
S1: $0.1938, S2: $0.1907 and S3: $0.1890
