- Ripple is currently within a short-term horizontal trend channel, indicating further developments in the same direction. The currency is trading between support points at 0.48 and resistance points at 0.52.
- In the long term, Ripple is in an ascending trend channel, indicating increased optimism among investors and continuous upward movement. After breaking the double bottom formation, the price reached the target of 0.74 and then retraced.
- Today, XRP’s price is displayed as $0.501232 USD, with a 24-hour trading volume of $766,869,987 USD. XRP has lost 0.83% in the last 24 hours.
XRP price is trying to move above the $0.50 level but has not been able to make sufficient upward progress: Key resistance levels it needs to break!
Short-Term XRP Analysis
Ripple is currently within a short-term horizontal trend channel, indicating further developments in the same direction. The currency is trading between support points at 0.48 and resistance points at 0.52. A clear break of one of these levels will indicate a new direction for the currency. The currency is currently evaluated as neutral from a technical standpoint in the short term.
Medium-Term XRP Analysis
Ripple has broken the ceiling of a medium to long-term descending trend, indicating initially a slower pace of descent. The currency is trading within a rectangle formation between support at 0.47 and resistance at 0.52. A clear break of one of these levels will indicate a new direction for the currency. The currency is currently trading between support points at 0.47 and resistance points at 0.53. A clear break of one of these levels will indicate a new direction for the currency. The currency is currently evaluated as neutral from a technical standpoint in the medium term.
Long-Term XRP Analysis
Ripple is within a long-term ascending trend channel, indicating increased optimism among investors and continuous upward movement. After breaking the double bottom formation, the price reached the target of 0.74 and then retraced. A significant break above 0.53 will provide new positive signals for the currency, but a break on the opposite side of the formation will be a strong negative signal. The currency has fallen slightly below the 0.52 support level. A clear break will indicate further decline. The currency is generally evaluated as slightly positive from a technical standpoint in the long term.
XRP Price
Today, XRP’s price is displayed as $0.501232 USD, with a 24-hour trading volume of $766,869,987 USD. XRP has lost 0.83% in the last 24 hours. According to the current CoinMarketCap ranking, XRP holds the 5th position with a market capitalization of $26,721,880,856 USD. 53,312,364,216 XRP tokens are in circulation, with a maximum supply of 100,000,000,000 XRP tokens.
