Ripple maintains bullish momentum at $0.24: technical signs shows inverse

Ripple maintains bullish momentum at $0.24: technical signs shows inverse

By Tokenhell.com | Tokenhell | 29 Jan 2020


XRP is maintaining its bullish momentum around $0.24. The price value of the coin has surged to $0.23 mark by gaining 2.5% during the last 24 hours. This bullish momentum of XRP at $0.24 is raising some technical signs that indicate that further drop from this could lead XRP into the bearish zone.

XRP performance against USD and BTC

The value of XRP has lifted up from the trading point of $0.21 and has reached $0.24. XRP price reached even went above the 100-day EMA at $0.23 as touched the $0.25 mark. But from that, it slightly decreased down again to $0.23 mark.

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While with XRP/BTC pair, the performance of XRP is not good as it has gone below the support level that stands at 2600 SAT. It has reached the January low of 2525 SAT.

 

The technical signs show that further drop from this level could lead XRP to the five-month low even it could go beneath the trading point of 2400 SAT.

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Price prediction of XRP

Currently, XRP is maintaining its bullish momentum around a $0.24 level. But a further drop is expected. Buyers need to take the coin above this level in order to keep it bullish. Because if the coin goes below this mark, it will turn bearish either for short term or long term. Followings are the support and resistance levels of the coin:

 

Support levels are $0.234, $0.218, $0.20 while Resistance levels are $0.245, $0.25, $0.26. XRP needs to break above the resistance level of $0.245 which is the crucial resistance level for XRP.

Conclusion

The level $0.24 has become very crucial for XRP because this either could take XRP into the strong bullish zone or could create a bearish sentiment for the coin. At the time of writing, the price value of the coin is standing at $0.237124 USD and 0.00002552 BTC with a change of 0.29% in 24 hours.

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Tokenhell
Tokenhell

Tokehell is a Google News Approved Blockchain & Crypto News Agency Where You Can Discover News About Cryptocoins, Technical analysis, Blockchain Events, Coin Prices Marketcap And Detailed Reviews on ICOs, IEOs. STOs.

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