Ripple XRP price analysis: XRP price headed towards $0.22?

Ripple XRP price analysis XRP price headed towards 0.22

Ripple XRP price analysis reveals bearish tendencies that can pull the currency down to the $0.22 mark if the support fails to maintain above $0.24.

Ripple XRP price movement shows that the currency is down by over two percent since the $0.27 mark on the 14th of November.

ripple xrp price chart 1 - 19 november 2019Ripple XRP price chart by Trading View

Ripple XRP price movement: What to expect?

Among the top-five cryptocurrencies, XRP has the most significant tendency for bearish trend; reportedly, the price of XRP has dropped over two percent since yesterday.

The mid-term chart indicates that XRP has dropped through its support level of $0.2580, which tends to confirm the bearish temperament of the traders.

Considering the case, the nearest support level is likely to be at $0.25. Whilst the RSI indicator has yet not reached the oversold area, and the price could achieve such support by the end of this month.

At the time of writing, XRP is changing hands at $0.24909, while the cryptocurrency is in the reds with the rest of the cryptocurrency market.

While the cryptocurrency market is suffering not just from internal trading movements but also from the external political factors as well. The Chinese president Xi’s explanation that China is not going any lenient on the cryptocurrency market also forced the withdrawal of $10 billion capital from the market.

Featured Image by Pixabay

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

AMP Price Prediction 2022-2031: Is AMP a Good Investment?
Bitcoin, Binance Coin, Tron, and Chainlink Daily Price Analyses – 28 September Morning Prediction
Algorand Price Prediction 2022-2031: Is ALGO a Good Investment?
Uniswap price analysis: UNI/USD Bearish stream lowers coin value down to $6.20
Modhaus Prepares Launch of tripleS, The First Fan-Directed Web3 K-Pop Group

Follow Us

Industry News

Cosmos 2.0: Uniting blockchains, interchain security, new issuance model for ATOM, and more
Bank of International Settlements green signals CBDC
Robinhood partners with Polygon to test Web3 waters. Here’s how
Shark tank's Kevin O'Leary advice to investors
What lies ahead for Voyager Digital and its investors after FTX wins the purchase auction?