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Ripple XRP price stabilizing at $0.27 after correction

Ripple XRP price trend 22 September 2019

Ripple XRP price is going through a correction phase after five days of the bullish and bearish trend battle that started on the 17th of September at $0.266 mark and last until the 22nd of December.

Ripple has been making huge efforts ahead of other altcoins to ensure that the Ripple XRP price takes a sustainable point above the $0.30 mark; however, it has failed miserably since the 5th of August 2019 while Ripple foundation continues to make new partnerships every other day.

Ripple XRP price chart-1 22 SeptemberRipple XRP price chart by Trading View

Ripple XRP price started climbing on the 17th of September when it hit the $0.275 mark from the $0.26 range on the previous day and before the day ended Ripple XRP was trading at $0.29.

On the 18th of September XRP price finally managed to break the $0.30 mark and hit $0.322 but not for long since it was back to $0.29 range by the 20th of September.

Ripple XRP price movement

Amidst controversies, XRP price failed to sustain the high mark and is currently believed to be going through a correction phase before falling down to the $0.25 to $0.26 price range.

Ripple Price chart 2

Ripple XRP price chart by Trading View

While writing Ripple XRP jumped up a little from $0.275 range to the $0.278 range, however, the trend remains to be bearish.

The upper support level currently stands at $0.29 while the lower support is at at the $0.27817 mark and below that at $0.264 mark.

If the price breaks through the lower support mark, it can hit the $0.25 range once again, however, if the bullish trend manages to break the $0.29 point Ripple XRP price can sustain above $0.30 mark.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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