Ripple XRP price analysis: XRP price may hit $0.30

Ripple XRP price saw a surge of two percent (2%) within the last twenty-four hours, currently exchanging at 0.2897 dollars and the price is likely to hit the $0.30 mark soon.

Over the last thirty days, the cryptocurrency has made its route towards the $0.30 yet again. Still, it faces formidable resistance before it can reach this mark. The resistance is owed to the one hundred days EMA and $0.2811 mark.

Ripple is currently the third-largest cryptocurrency platform with a market capitalization of a little over twelve billion dollars.

Ripple XRP price movement against USD

It can be seen that the price fell from the resistance at the dollar price of 0.28 until it found sustenance at the dollar price of 0.2584. It has then risen currently lying at the 0.2811 level.

ripple xrp price chart usd 14 october 2019Ripple XRP price chart by Trading View

The highest Ripple XRP resistance point can be expected at the $0.290 mark with further fortification by the one hundred and two hundred days EMA at the following levels. Above this, the resistance would lie at $0.30, $0.398 and, $0.3177 marks.

While on the other hand Ripple XRP price chart reveals that the closest support lies in the short term increasing trend line. Below this, support lies at $0.26, $0.2584, $0.2518, $0.24, and $0.2345 marks.

The volume of exchange has allowed a rather pleasant rise during October. The relative strength index has bounced back at the fifty levels which displays that the market momentum is controlled by the bulls.

Ripple XRP price movement against Bitcoin

Ripple, against Bitcoin, was able to garner support at three thousand one hundred and twelve (3112) satoshi units, and jumped higher to where it presently exchanges at three thousand two hundred and twenty-four (3324) satoshi units.

ripple xrp price bitcoin 14 october 2019Ripple XRP price chart by Trading View

From the top, primary resistance is observed at 3375 and 3500 satoshi units. Above this, Ripple XRP price face resistance against Bitcoin at the 3568 satoshis, 3666 satoshis, 3800 satoshis, and 3936 satoshis marks.

On the other hand, major support is observed at 3200 satoshi units. Below this, the Ripple XRP support levels lie at 3112 satoshis, 3000 satoshis, 2800 satoshis, 2710 satoshis, and 2600 satoshis marks.

The trading density, although low displays signs of a rise. The relative strength index has bounced back at the fifty level- a strong sign. Potential approaching bullish gush was identified by the Stochastic relative strength index in oversold territory.